The indicator displays the actual range of the hourly candle in percent and the calculated range based on average statistics.
Indicator parameters: Averaging Period – averaging period for calculating the relative range indicator. Number Of Bars For Statistics – number of bars in history for collecting average statistics data for a trading instrument. Shifting Start Of Statistics Calculation – shift from which bar to start collecting statistics so that the readings do not affect the last N data. Histogram Size – histogram bar size (actual range). Line Size – line size (forecast range). Histogram Color – histogram color. Line Color – line color. How to understand the indicator readings: 1. Histogram bars display the actual range of the H1 candle as a percentage (%). 2. Line is the calculated value of the H1 candle range as a percentage (%) based on the average statistics. !!! The indicator works only on the H1 chart period.
HCLC Range - indicator MetaTrader 4 Draws two labels: High-Close and Low-Close range of the last closed candle left of the current candle Rewrite from original…
Range Ratio - indicator MetaTrader 4 Very useful way to advance your chart analysis. This indicator show you ratio of movement sizes inside bar to current…
