Average Daily Range Zones (TV)

Average Daily Range Zones (TV).txt

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//@version=5

//https://www.tradingview.com/script/cGssy8QS-Average-Daily-Range-Zones/

//The Average Daily Range is calculated as the difference between daily highs and lows averaged over a specific periods.

//This range is is overlaid and centered on the day's open, and tends to act as areas of support and resistance.

//Also for future reference; an sma() on a security return is not the same as a security() with an sma argument.

// i.e., security(tickerid, 'D', sma(dayRange, length)) != sma(security(tickerid, 'D', dayRange), length)

//Includes TradingView's own f_security function for better historical data.

//thanks to @Hank Hill for the original idea and ToS script this is based on.

indicator('Average Daily Range Zones', 'ADR Zones', overlay=true)

firstLength = input.int(21, title='Averaging Periods  ', inline='periods')

secondLength = input.int(14, title='', inline='periods')

dynamic     = input(true, title='Dynamically Toggle Standard Deviations', tooltip="When enabled, selected standard deviation zones only appear if price has crossed the previous zone.")

showStDev_1 = input.bool(true, '', inline='stDev1')

stDev_1     = input.float(1, 'First Standard Deviation   ', inline='stDev1', step=0.1)

showStDev_2 = input.bool(true, '', inline='stDev2')

stDev_2     = input.float(2, 'Second Standard Deviation', inline='stDev2', step=0.1)

showStDev_3 = input.bool(true, '', inline='stDev3')

stDev_3     = input.float(3, 'Third Standard Deviation  ', inline='stDev3', step=0.1)

showStDev_4 = input.bool(true, '', inline='stDev4')

stDev_4     = input.float(4, 'Fourth Standard Deviation  ', inline='stDev4', step=0.1)

showStDev_5 = input.bool(true, '', inline='stDev5')

stDev_5     = input.float(5, 'Fifth Standard Deviation  ', inline='stDev5', step=0.1)

upperColor1 = input.color(#00ff00, "Upper ADR Color Gradient", group="Style", inline="upperColor")

upperColor2 = input.color(#bbffbb, "", group="Style", inline="upperColor")

lowerColor1 = input.color(#ff0000, "Lower ADR Color Gradient", group="Style", inline="lowerColor")

lowerColor2 = input.color(#ffbbbb, "", group="Style", inline="lowerColor")

drawOpen = input(true, 'Draw Day Open Plot', group="Style")

fillOpenToADR = input(true, 'Fill Open To ADR', group="Style")

fillOpenVisibility = 100 - input.int(10, minval=0, maxval=100, step=1, title='Open to ADR Fill Visibility', group="Style")

lineVisibility = 100 - input.int(70, minval=0, maxval=100, step=5, title='Line Visibility', group="Style")

fillVisibility = 100 - input.int(25, minval=0, maxval=100, step=1, title='Fill Visibility', group="Style")

scaledVisibility = fillVisibility + (100 - fillVisibility) / 100

scaledLineVisibility = lineVisibility + (100 - lineVisibility) / 100

scaledOpenFillVisibility = fillOpenVisibility + (100 - fillOpenVisibility) / 100

i_timeframe = input.timeframe(title='Custom Timeframe', defval='D', group="Rules")

showTodayOnly = input(false, title='Plot For Today Only', group="Rules")

disableNonIntraday = input(true, title='Disable On Daily or Above', group="Rules")

bool i_reminder = false

var string ticker = syminfo.tickerid

isToday = false

if year(timenow) == year(time) and month(timenow) == month(time) and dayofmonth(timenow) == dayofmonth(time)

    isToday := true

if not showTodayOnly

    isToday := true

bool enabled = true

if (disableNonIntraday and not timeframe.isintraday)

    enabled := false

//▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼

f_security(_sym, _res, _src) =>

    request.security(_sym, _res, _src[barstate.isrealtime ? 1 : 0], barmerge.gaps_off, lookahead=barmerge.lookahead_off)[barstate.isrealtime ? 0 : 1]

f_security_lookahead(_sym, _res, _src) =>

    request.security(_sym, _res, _src[barstate.isrealtime ? 1 : 0], barmerge.gaps_off, lookahead=barmerge.lookahead_on)[barstate.isrealtime ? 0 : 1]

//▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲▲

dayOpen  = request.security(ticker, i_timeframe, open, barmerge.gaps_off, barmerge.lookahead_on)

dayRange = f_security(ticker, i_timeframe, high - low)

avgRange_first  = f_security(ticker, i_timeframe, ta.sma(dayRange, firstLength))

avgRange_second = f_security(ticker, i_timeframe, ta.sma(dayRange, secondLength))

adr_high_first  = plot(enabled and isToday ? dayOpen + avgRange_first / 2 : na, color=dayOpen != dayOpen[1] ? na : color.new(color.white, scaledLineVisibility), linewidth=2, title = "ADR High First Length")

adr_high_second = plot(enabled and isToday ? dayOpen + avgRange_second / 2 : na, color=dayOpen != dayOpen[1] ? na : color.new(color.white, scaledLineVisibility), linewidth=1, title = "ADR High Second Length")

adr_low_first   = plot(enabled and isToday ? dayOpen - avgRange_first / 2 : na, color=dayOpen != dayOpen[1] ? na : color.new(color.white, scaledLineVisibility), linewidth=2, title = "ADR Low First Length")

adr_low_second  = plot(enabled and isToday ? dayOpen - avgRange_second / 2 : na, color=dayOpen != dayOpen[1] ? na : color.new(color.white, scaledLineVisibility), linewidth=1, title = "ADR Low Second Length")

dailyRange_stDev_first  = f_security(ticker, i_timeframe, ta.stdev(high - low, firstLength))

dailyRange_stDev_second = f_security(ticker, i_timeframe, ta.stdev(high - low, secondLength))

avgRange_stDev_1_first  = avgRange_first  + dailyRange_stDev_first  * stDev_1

avgRange_stDev_1_second = avgRange_second + dailyRange_stDev_second * stDev_1

avgRange_stDev_2_first  = avgRange_first  + dailyRange_stDev_first  * stDev_2

avgRange_stDev_2_second = avgRange_second + dailyRange_stDev_second * stDev_2

avgRange_stDev_3_first  = avgRange_first  + dailyRange_stDev_first  * stDev_3

avgRange_stDev_3_second = avgRange_second + dailyRange_stDev_second * stDev_3

avgRange_stDev_4_first  = avgRange_first  + dailyRange_stDev_first  * stDev_4

avgRange_stDev_4_second = avgRange_second + dailyRange_stDev_second * stDev_4

avgRange_stDev_5_first  = avgRange_first  + dailyRange_stDev_first  * stDev_5

avgRange_stDev_5_second = avgRange_second + dailyRange_stDev_second * stDev_5

hod = request.security(ticker, i_timeframe, high, barmerge.gaps_off, barmerge.lookahead_on)

lod = request.security(ticker, i_timeframe, low, barmerge.gaps_off, barmerge.lookahead_on)

showStDev1High = showStDev_1

showStDev1Low = showStDev_1

showStDev2High = showStDev_2

showStDev2Low = showStDev_2

showStDev3High = showStDev_3

showStDev3Low = showStDev_3

showStDev4High = showStDev_4

showStDev4Low = showStDev_4

showStDev5High = showStDev_5

showStDev5Low = showStDev_5

if dynamic

    showStDev1High := hod > dayOpen + avgRange_first / 2 and hod > dayOpen + avgRange_second / 2 and showStDev_1

    showStDev1Low  := lod < dayOpen - avgRange_first / 2 and lod < dayOpen - avgRange_second / 2 and showStDev_1

    showStDev2High := hod > dayOpen + avgRange_stDev_1_first / 2 and hod > dayOpen + avgRange_stDev_1_second / 2 and showStDev_2

    showStDev2Low  := lod < dayOpen - avgRange_stDev_1_first / 2 and lod < dayOpen - avgRange_stDev_1_second / 2 and showStDev_2

    showStDev3High := hod > dayOpen + avgRange_stDev_2_first / 2 and hod > dayOpen + avgRange_stDev_2_second / 2 and showStDev_3

    showStDev3Low  := lod < dayOpen - avgRange_stDev_2_first / 2 and lod < dayOpen - avgRange_stDev_2_second / 2 and showStDev_3

    showStDev4High := hod > dayOpen + avgRange_stDev_3_first / 2 and hod > dayOpen + avgRange_stDev_3_second / 2 and showStDev_4

    showStDev4Low  := lod < dayOpen - avgRange_stDev_3_first / 2 and lod < dayOpen - avgRange_stDev_3_second / 2 and showStDev_4

    showStDev5High := hod > dayOpen + avgRange_stDev_4_first / 2 and hod > dayOpen + avgRange_stDev_4_second / 2 and showStDev_5

    showStDev5Low  := lod < dayOpen - avgRange_stDev_4_first / 2 and lod < dayOpen - avgRange_stDev_4_second / 2 and showStDev_5

high_color = color.from_gradient(0, 0, 3, upperColor1, upperColor2)

high_1_stDev_color = color.from_gradient(1, 0, 3, upperColor1, upperColor2)

high_2_stDev_color = color.from_gradient(2, 0, 3, upperColor1, upperColor2)

high_3_stDev_color = color.from_gradient(3, 0, 3, upperColor1, upperColor2)

high_4_stDev_color = color.from_gradient(3, 0, 3, upperColor1, upperColor2)

high_5_stDev_color = color.from_gradient(3, 0, 3, upperColor1, upperColor2)

low_color = color.from_gradient(0, 0, 3, lowerColor1, lowerColor2)

low_1_stDev_color = color.from_gradient(1, 0, 3, lowerColor1, lowerColor2)

low_2_stDev_color = color.from_gradient(2, 0, 3, lowerColor1, lowerColor2)

low_3_stDev_color = color.from_gradient(3, 0, 3, lowerColor1, lowerColor2)

low_4_stDev_color = color.from_gradient(3, 0, 3, lowerColor1, lowerColor2)

low_5_stDev_color = color.from_gradient(3, 0, 3, lowerColor1, lowerColor2)

adr_high_1_stDev_first  = plot(enabled and isToday and showStDev1High ? dayOpen + avgRange_stDev_1_first / 2 : na,  color=dayOpen != dayOpen[1] ? na : color.new(color.white, scaledLineVisibility), linewidth=2, title = "ADR High 1 StDev First")

adr_high_1_stDev_second = plot(enabled and isToday and showStDev1High ? dayOpen + avgRange_stDev_1_second / 2 : na, color=dayOpen != dayOpen[1] ? na : color.new(high_1_stDev_color, scaledLineVisibility), title = "ADR High 1 StDev Second")

adr_high_2_stDev_first  = plot(enabled and isToday and showStDev2High ? dayOpen + avgRange_stDev_2_first / 2 : na,  color=dayOpen != dayOpen[1] ? na : color.new(color.white, scaledLineVisibility), linewidth=2, title = "ADR High 2 StDev First")

adr_high_2_stDev_second = plot(enabled and isToday and showStDev2High ? dayOpen + avgRange_stDev_2_second / 2 : na, color=dayOpen != dayOpen[1] ? na : color.new(high_2_stDev_color, scaledLineVisibility), title = "ADR High 2 StDev Second")

adr_high_3_stDev_first  = plot(enabled and isToday and showStDev3High ? dayOpen + avgRange_stDev_3_first / 2 : na,  color=dayOpen != dayOpen[1] ? na : color.new(color.white, scaledLineVisibility), linewidth=2, title = "ADR High 3 StDev First")

adr_high_3_stDev_second = plot(enabled and isToday and showStDev3High ? dayOpen + avgRange_stDev_3_second / 2 : na, color=dayOpen != dayOpen[1] ? na : color.new(high_3_stDev_color, scaledLineVisibility), title = "ADR High 3 StDev Second")

adr_high_4_stDev_first  = plot(enabled and isToday and showStDev4High ? dayOpen + avgRange_stDev_4_first / 2 : na,  color=dayOpen != dayOpen[1] ? na : color.new(color.white, scaledLineVisibility), linewidth=2, title = "ADR High 4 StDev First")

adr_high_4_stDev_second = plot(enabled and isToday and showStDev4High ? dayOpen + avgRange_stDev_4_second / 2 : na, color=dayOpen != dayOpen[1] ? na : color.new(high_4_stDev_color, scaledLineVisibility), title = "ADR High 4 StDev Second")

adr_high_5_stDev_first  = plot(enabled and isToday and showStDev5High ? dayOpen + avgRange_stDev_5_first / 2 : na,  color=dayOpen != dayOpen[1] ? na : color.new(color.white, scaledLineVisibility), linewidth=2, title = "ADR High 5 StDev First")

adr_high_5_stDev_second = plot(enabled and isToday and showStDev5High ? dayOpen + avgRange_stDev_5_second / 2 : na, color=dayOpen != dayOpen[1] ? na : color.new(high_5_stDev_color, scaledLineVisibility), title = "ADR High 5 StDev Second")

adr_low_1_stDev_first  = plot(enabled and isToday and showStDev1Low ? dayOpen - avgRange_stDev_1_first / 2 : na,  color=dayOpen != dayOpen[1] ? na : color.new(color.white, scaledLineVisibility), linewidth=2, title = "ADR Low 1 StDev First")

adr_low_1_stDev_second = plot(enabled and isToday and showStDev1Low ? dayOpen - avgRange_stDev_1_second / 2 : na, color=dayOpen != dayOpen[1] ? na : color.new(low_1_stDev_color, scaledLineVisibility), title = "ADR Low 1 StDev Second")

adr_low_2_stDev_first  = plot(enabled and isToday and showStDev2Low ? dayOpen - avgRange_stDev_2_first / 2 : na,  color=dayOpen != dayOpen[1] ? na : color.new(color.white, scaledLineVisibility), linewidth=2, title = "ADR Low 2 StDev First")

adr_low_2_stDev_second = plot(enabled and isToday and showStDev2Low ? dayOpen - avgRange_stDev_2_second / 2 : na, color=dayOpen != dayOpen[1] ? na : color.new(low_2_stDev_color, scaledLineVisibility), title = "ADR Low 2 StDev Second")

adr_low_3_stDev_first  = plot(enabled and isToday and showStDev3Low ? dayOpen - avgRange_stDev_3_first / 2 : na,  color=dayOpen != dayOpen[1] ? na : color.new(color.white, scaledLineVisibility), linewidth=2, title = "ADR Low 3 StDev First")

adr_low_3_stDev_second = plot(enabled and isToday and showStDev3Low ? dayOpen - avgRange_stDev_3_second / 2 : na, color=dayOpen != dayOpen[1] ? na : color.new(low_3_stDev_color, scaledLineVisibility), title = "ADR Low 3 StDev Second")

adr_low_4_stDev_first  = plot(enabled and isToday and showStDev4Low ? dayOpen - avgRange_stDev_4_first / 2 : na,  color=dayOpen != dayOpen[1] ? na : color.new(color.white, scaledLineVisibility), linewidth=2, title = "ADR Low 4 StDev First")

adr_low_4_stDev_second = plot(enabled and isToday and showStDev4Low ? dayOpen - avgRange_stDev_4_second / 2 : na, color=dayOpen != dayOpen[1] ? na : color.new(low_4_stDev_color, scaledLineVisibility), title = "ADR Low 4 StDev Second")

adr_low_5_stDev_first  = plot(enabled and isToday and showStDev5Low ? dayOpen - avgRange_stDev_5_first / 2 : na,  color=dayOpen != dayOpen[1] ? na : color.new(color.white, scaledLineVisibility), linewidth=2, title = "ADR Low 5 StDev First")

adr_low_5_stDev_second = plot(enabled and isToday and showStDev5Low ? dayOpen - avgRange_stDev_5_second / 2 : na, color=dayOpen != dayOpen[1] ? na : color.new(low_5_stDev_color, scaledLineVisibility), title = "ADR Low 5 StDev Second")

openPlot = plot(enabled and drawOpen ? dayOpen : na, color=dayOpen != dayOpen[1] ? na : color.new(color.white, scaledLineVisibility), title = "Day Open")

fill(adr_high_first, adr_high_second, color=dayOpen != dayOpen[1] ? na : color.new(high_color, scaledVisibility))

fill(adr_high_1_stDev_first, adr_high_1_stDev_second, color=dayOpen != dayOpen[1] ? na : color.new(high_1_stDev_color, scaledVisibility))

fill(adr_high_2_stDev_first, adr_high_2_stDev_second, color=dayOpen != dayOpen[1] ? na : color.new(high_2_stDev_color, scaledVisibility))

fill(adr_high_3_stDev_first, adr_high_3_stDev_second, color=dayOpen != dayOpen[1] ? na : color.new(high_3_stDev_color, scaledVisibility))

fill(adr_high_4_stDev_first, adr_high_4_stDev_second, color=dayOpen != dayOpen[1] ? na : color.new(high_4_stDev_color, scaledVisibility))

fill(adr_high_5_stDev_first, adr_high_5_stDev_second, color=dayOpen != dayOpen[1] ? na : color.new(high_5_stDev_color, scaledVisibility))

fill(adr_low_first, adr_low_second, color=dayOpen != dayOpen[1] ? na : color.new(low_color, scaledVisibility))

fill(adr_low_1_stDev_first, adr_low_1_stDev_second, color=dayOpen != dayOpen[1] ? na : color.new(low_1_stDev_color, scaledVisibility))

fill(adr_low_2_stDev_first, adr_low_2_stDev_second, color=dayOpen != dayOpen[1] ? na : color.new(low_2_stDev_color, scaledVisibility))

fill(adr_low_3_stDev_first, adr_low_3_stDev_second, color=dayOpen != dayOpen[1] ? na : color.new(low_3_stDev_color, scaledVisibility))

fill(adr_low_4_stDev_first, adr_low_4_stDev_second, color=dayOpen != dayOpen[1] ? na : color.new(low_4_stDev_color, scaledVisibility))

fill(adr_low_5_stDev_first, adr_low_5_stDev_second, color=dayOpen != dayOpen[1] ? na : color.new(low_5_stDev_color, scaledVisibility))

fill(adr_high_first, openPlot, color=fillOpenToADR and dayOpen == dayOpen[1] ? color.new(high_color, scaledOpenFillVisibility) : na)

fill(adr_low_first, openPlot, color=fillOpenToADR and dayOpen == dayOpen[1] ? color.new(low_color, scaledOpenFillVisibility): na)

// ————— Show warning or HTF reminder, if needed.

f_tfReminderAndErrorCheck(_userSelectionOfTf, _tfReminder) =>

    // Get chart's TF.

    var float _chartTfInMinutes = timeframe.multiplier * (timeframe.isseconds ? 1. / 60 : timeframe.isminutes ? 1. : timeframe.isdaily ? 60. * 24 : timeframe.isweekly ? 60. * 24 * 7 : timeframe.ismonthly ? 60. * 24 * 30.4375 : na)

    // Get HTF.

    float _htfInMinutes = request.security(syminfo.tickerid, _userSelectionOfTf, _chartTfInMinutes)

    // Label.

    string _txt = ''

    var color _color = na

    if _chartTfInMinutes > _htfInMinutes

        // Chart TF is higher than user-selected TF.

        _txt := 'The chart\'s timeframe\nshould not be greater than ' + _userSelectionOfTf

        _color := color.red

        _color

        // Display reminder of HTF.

    else if _tfReminder

        _txt := _userSelectionOfTf

        _color := color.silver

        _color

    float _y = ta.lowest(50)[1]

    var label _lbl = label.new(bar_index, _y, _txt, xloc.bar_index, yloc.price, #00000000, label.style_label_left, _color, size.large, text.align_left)

    if barstate.islast and _txt != ''

        // Update label.

        label.set_xy(_lbl, bar_index, _y)

        label.set_text(_lbl, _txt)

        label.set_textcolor(_lbl, _color)

    [_chartTfInMinutes, _htfInMinutes]

f_tfReminderAndErrorCheck(i_timeframe, i_reminder)

Displaying Average Daily Range Zones (TV).txt.