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Urika Relative Price

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The Urika Relative Price (URP) indicator is designed to compare the current price of an asset to an average of previous closing prices. It aims to show whether the current price is above or below the historical average and whether it's increasing or decreasing relative to that average. URP is more focused on the relationship between the current price and its historical context.

Calculation:
URP calculates the difference between the current price and the average of previous prices. It uses this difference to create a histogram that can be green (if the current price is higher than the historical average) or red (if it's lower). The color lightens if the current bar is shorter than the previous bar, providing additional visual information.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.