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Indicator · Pine Script v5 · Own pane
Order 65 bars
This indicator calculates the percentage distance between the current price and the highest high price over the last 65 bars.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code19
Settings1inputs
LicenceMIT
Last update4 years ago15 Dec 2021
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
19 lines of Pine Script v5 from [Order] 65 bars.txt, published under MIT. Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © icewalk
//@version=5
indicator("[Order] 65 bars")
numberOfBars = input.int(65, title="Number of bars", step=1, minval=1)
var prices = array.new_float()
currentPrice = request.security("SPY", timeframe.period, close)
array.push(prices, currentPrice)
if array.size(prices) > 65
array.shift(prices)
hi = array.max(prices)
plot((math.abs(hi - currentPrice) / currentPrice) * 100)
Overview
Order 65 bars maintains an array of closing prices for the specified number of bars and identifies the maximum high value. The script then plots the absolute value of the difference between this maximum high and the current price, divided by the current price, multiplied by 100. The main setting changes the number of bars considered. The indicator draws the result as a line in a separate pane.
- percentage distance from max high
- array of last 65 prices
- separate pane plot
- user adjustable bars
- percentage volatility measure
Details
Published by
DaniilOkrug on GitHub
Code credit
icewalk, as written in the script's header
Type
Draws
Separate pane below the chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Number of bars | int | 65 | numberOfBars |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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