0% line and 100% line are determined by "Period" and "Delay" parameter.
- Period: specifies periods to detect the highest ( ) and the lowest ( ) .
- Delay: specifies the number of new bars you ignore.
(👇 old version)
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.