The indicator displays the average range for the specified period.

It can show two types of ranges:

1. High/Low;
2. Open/Close.

Two modes for rendering results are available:

1. Absolute values;
2. Relative values (percentage).

It has four input parameters:

• Timeframe - the timeframe for which the range is shown;
• Period - the period (range) for which data are shown;
• Applied price - prices of the ranges
  • High/Low;
  • Open/Close.
• Calculation mode - calculation and display mode:
  • Absolute - absolute values;
  • Relative - percentage values.

Fig.1. The daily range on H4

Fig.2. The range of H12 on H4