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Range Band (Expo)

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Overview
Range Band (Expo) measures an asset's volatility and price movements to plot the most relevant price range. Identifying ranges in trading is extremely important for traders to assess the current market and make informed decisions about when to enter and exit positions.

By identifying ranges, traders can identify support and resistance levels, and use these levels to determine when to enter and exit a trade. Ranges also help traders to identify potential entry and exit points and set stop-loss and take-profit levels. Additionally, ranges can help traders to identify potential trends and reversals.


How to use

Identify potential trading opportunities
For example, if the price is bouncing between the upper and lower range bands, it may indicate that traders could potentially profit from short-term contrarian trades. Similarly, if the price is trading near the upper or lower range band, it may indicate that traders could potentially profit from long-term trend trades.

Price Ranges and SR Levels
Range bands help traders identify price ranges that are likely to be profitable. It is a graphical representation of price movement and is typically used to identify support and resistance levels. Range bands are also used to identify potential entry and exit points.

Trends
Range bands are used in to identify trends.

Reversals
Range bands are used in technical analysis to identify potential reversal points.

Overbought and Oversold
When the price reaches the upper range band, it may indicate that the asset is overbought and that the price is likely to fall. When the price reaches the lower range band, it may indicate that the asset is oversold and that the price is likely to rise.


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Disclaimer

The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Nota Keluaran
Major update

  • Institutional Fair value gap + levels added
  • Range & Volatility Candles added
  • Liquidity Range added

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