Orion Average Range
- Indicateurs
- Joao Paulo Botelho Silva
- Version: 1.0
- Activations: 5
Theoretical Foundation
Similar to the well-known Average True Range (ATR), the Average Range indicator is a volatility measure that is calculated using only the range of the bars (high – low), not considering the Gaps, as with the ATR.
The Average Range can be very useful for day traders as it allows one to get the measure of the volatility of the last N bars.
Parameters
You can select the calculation period of the indicator.