The indicator displays the average range for the specified period.
It can show two types of ranges:
- High/Low;
- Open/Close.
Two modes for rendering results are available:
- Absolute values;
- 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
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