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range_stat

1315
A basic statistic to describe "ranges". There are three inputs:

- short range
- long range
- moving average length

The output is a ratio of the short range to the long range. In the screenshot example, the short range is a single day (bar) and the long range is five days. A value near "1" would mean that every day entirely fills the five day range, and that a consolidation is likely present. A value near 0 would mean that each day fills only a small portion of the five day range, and price is probably "trending".

The moving average length is for smoothing the result (which also lags it of course).

The mean, and +- 2 standard deviations are plotted as fuchsia colored lines.
Nota Keluaran
renamed variable and fixed chart

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.