Range trading: RIPPLE as for 04/02/2018

Here we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) predescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that if will be profitable with certain probability.

Long position 1
(minimum day with probability 68%) 0.4288
Long position 2
(minimum day with probability 95%) 0.3951
Long position 3
(minimum day with probability 99%) 0.3614

Short position 1
(maximum day with probability 68%) 0.5283
Short position 2
(maximum day with probability 95%) 0.5620
Short position 3
(maximum day with probability 99%) 0.5957

Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading.