I would like to build an indicator, which calculates the difference between 5 weeks High and 5 weeks Low multiplied by 1.5. The result should be visualized within the price chart in the same chart window (not below like an RSI, MACD, etc.) Any help is appreciated.
The calculated difference will not have the same scale as the price, so it will not be easy to read it on the price chart. Or do you want it to be only the current last value as a plotted text? (not a curve).
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