OPEN-SOURCE SCRIPT
Updated Average candle size
Calculates the average size of the last 26 and 52 candles (very last candle excluded). The sum of these 2 values offers a good value for a stop loss size
Release Notes
average candle size of the last 26 and 52 candles (not the very last candle). Calculates a possible SL value based on the sum of the 2 values.Release Notes
average candle size of the last 26 and 52 periods and calculate a possible SL high / low valueOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.