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RP - indicator for MetaTrader 5
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- 3190
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- Published:
- 2018.07.13 15:49
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Indicator RP (Range Position) displays the price position within the range (from Low to High) reached over the previous N periods.
It has four configurable parameters:
- Range period - range calculation period;
- First level - the first level;
- Second level - the second level;
- Third level - the third level.
Calculations:
RP = 100 * (Close - Min) / (Max - Min)
where:
- Max, Min - the highest and the lowest prices within the Period
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21265
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