Indicators: Range

Range Indicator

Visualize Range !

A Range in trading is a period during which the price of a stock evolves horizontally in a channel defined by higher highs that stumble on a resistance zone and lower that bounce on a support zone.

The theoretical objective of a range breakout is to postpone the height of the range.

Description

The Range indicator displays range on charts when one is detected within the last 150 candlesticks.

Parameters can be adjusted to display only the Ranges that meet your criteria. All these settings are available without modifying the code, in a very simple way in the "configuration" menu.

Adjustable validation criteria :

• Minimum Range height,
• Maximum range outings (false break out),
• Maximum distance between actual stock price and bottom / neckline.

Available filters :

• Actual stock price is in the Range,
• Actual stock price is breaking out the Range's top,
• Actual stock price is breaking out the Range's bottom,
• Minimum 2 tops and 2 bottoms.

Display options :

• Lines on Range's top and bottom,
• Rectangle on the Range zone,
• Color of the top and bottom lines,
• Range rectangle color and transparency.

Video user guide (english subtitles available) :

Details of available settings :

Download guide

Characteristics

• Works on all TimeFrames, preferred 4 hours and higher,
• ProRealTime V11 and later versions compatible,
• Free ProRealTime (daily closings) compatible,
• Automatic and free updates for life.

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Disclaimer

Our proposed tools (indicators and screeners) are not investment advices but tools allowing everyone to find specific graphic configurations.
Investing in the financial markets involves risks up to and including the total loss of capital.
The user of the proposed tools understands and accepts that the use of these tools is under his sole and entire responsibility. P2C Trading declines all responsibility in the use of the tools and the consequences that would result.