Range Coefficient

v10.3
Range Coefficient

Version:
1.0, (April 2017)
Author:
Maz @ prorealcode.com

Description:
Histogram showing coefficient of recent range (or recent average range) against longer term average range.

This indicator can be used to predict volatility 

Interpretation:
Values at or below zero show the recent candle range is less than or equal to the average candle range;
Values above zero show the recent candle range is increasing against the average candle range;
An upward trending range coefficient crossing above the zero line suggests that volatility is consistently increasing and that higher volatility is to follow;
A downward trending range coefficient below the zero line suggests that the volatility is decreasing.

In addition, look for the difference in market moves between high range coefficient and low range coefficient

— code —

 

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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