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    N.s.deepak
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    This document defines a study for calculating dynamic weekly zones for a security based on its historical weekly high-low ranges over different time periods. It retrieves the weekly high-low ranges for the last 10, 9, 8 etc. weeks, calculates the average daily range (ADR) for each period, and plots the ADR high and low values from the 5-week and 10-week periods to generate the dynamic zones.

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    5_6151999902252532168

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    This document defines a study for calculating dynamic weekly zones for a security based on its historical weekly high-low ranges over different time periods. It retrieves the weekly high-low ranges for the last 10, 9, 8 etc. weeks, calculates the average daily range (ADR) for each period, and plots the ADR high and low values from the 5-week and 10-week periods to generate the dynamic zones.

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    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
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    74 views1 page

    5 6151999902252532168

    Uploaded by

    N.s.deepak
    This document defines a study for calculating dynamic weekly zones for a security based on its historical weekly high-low ranges over different time periods. It retrieves the weekly high-low ranges for the last 10, 9, 8 etc. weeks, calculates the average daily range (ADR) for each period, and plots the ADR high and low values from the 5-week and 10-week periods to generate the dynamic zones.

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    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
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    of 1

    //JFT dynamic Weekly zone

    study(title="JFT dynamic Weekly zone", shorttitle="JFT dynamic Weekly zone",


    overlay=true)

    //dayHigh=security(tickerid, 'W', high[1])


    OPEN=security(tickerid, 'W', open)

    //ADR L
    dayrange=(high - low)

    r1 = security(tickerid, 'W', dayrange[1])


    r2 = security(tickerid, 'W', dayrange[2])
    r3 = security(tickerid, 'W', dayrange[3])
    r4= security(tickerid, 'W', dayrange[4])
    r5= security(tickerid, 'W', dayrange[5])
    r6 = security(tickerid, 'W', dayrange[6])
    r7 = security(tickerid, 'W', dayrange[7])
    r8 = security(tickerid, 'W', dayrange[8])
    r9= security(tickerid, 'W', dayrange[9])
    r10= security(tickerid, 'W', dayrange[10])

    adr_10 = (r1+r2+r3+r4+r5+r6+r7+r8+r9+r10) /10


    adr_9 = (r1+r2+r3+r4+r5+r6+r7+r8+r9) /9
    adr_8 = (r1+r2+r3+r4+r5+r6+r7+r8) /8
    adr_7 = (r1+r2+r3+r4+r5+r6+r7) /7
    adr_6 = (r1+r2+r3+r4+r5+r6) /6
    adr_5 = (r1+r2+r3+r4+r5) /5
    adr_4 = (r1+r2+r3+r4) /4
    adr_3 = (r1+r2+r3) /3
    adr_2= (r1+r2)/2
    adr_1 = r1

    //plot
    adrhigh10=plot((OPEN+(adr_10/2)) , title="ADR
    High10",style=circles,color=blue,linewidth=1)
    adrlow10=plot((OPEN-(adr_10/2)), title="ADR LOW10",style=circles,
    color=blue,linewidth=1)

    adrhigh5=plot((OPEN+(adr_5/2)) , title="ADR
    High5",style=circles,color=blue,linewidth=1)
    adrlow5=plot((OPEN-(adr_5/2)), title="ADR LOW5",style=circles,
    color=blue,linewidth=1)

    fill(adrlow10,adrlow5,color=blue)
    fill(adrhigh10,adrhigh5,color=blue)

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