OPEN-SOURCE SCRIPT

RangeLevels

A Range Calculator Indicator is a tool typically used in trading to determine the price range of an asset over a specified period. It calculates the difference between the highest and lowest prices within a set timeframe (e.g., daily, weekly, monthly). This indicator can help traders assess market volatility, identify potential support and resistance levels, and make more informed decisions about entry and exit points. By visualizing the range, traders can better understand price fluctuations and manage risk more effectively. The Range Calculator can be customized to different timeframes and asset types to suit specific trading strategies.

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