To gain a better understanding of IRT and RTL, I've attempted to write a custom projected daily range indicator.
The idea is to calculate the median daily range by day of week over the last 100 days and then draw the potential range high and range low based on the sessions current low and high as lines on an intraday chart.
I think I have a working version, but I'm not entirely sure if this was the best solution to the problem. I'd appreciate some feedback / suggestions for improvement.