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[JHF] Candle Range Average

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The Candle Range Average indicator, developed by JHF, is designed to help traders analyze the volatility of price movements within each candle. The indicator calculates the difference between the high and low of each candle, offering a clear visualization of price range.

Key features include:

  • Moving Average: A simple moving average (SMA) of the candle ranges, helping to smooth out fluctuations and identify trends in volatility.
  • Percentage Mode: An optional setting to switch between absolute price movement and percentage price movement, providing flexibility depending on your analysis needs.


This indicator is useful for identifying periods of high and low volatility, which can be critical for timing entries and exits in trading strategies.

Penafian

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