Expected Range QuantAlgo
- Indicadores
- Krystof Zak
- Versión: 1.0
Expected Range is a great tool for understanding the possible price deviation from daily open price.
This Indicator can be interpreted as follows --> I want to identify a price level with an "x%" probability of the price revisiting it.
Then you choose these "x%" price levels and the indicator is gonna find them for you.
So for example, if you select value of 15, it means that the indicator is gonna find you a price level which has a 15% chance of price revisiting it.
You can choose up to 5 values.
With this information provided, you can make much better trading decisions.
This Indicator can be interpreted as follows --> I want to identify a price level with an "x%" probability of the price revisiting it.
Then you choose these "x%" price levels and the indicator is gonna find them for you.
So for example, if you select value of 15, it means that the indicator is gonna find you a price level which has a 15% chance of price revisiting it.
You can choose up to 5 values.
With this information provided, you can make much better trading decisions.