This indicator offers a unique perspective; it looks a lot like Envelopes but is totally different.
The default parameters are the same as I use in my strategies, every day and with all pairs, although each pair has its own characteristic.
By changing the parameters you can enter Fibonacci levels that you prefer, I use 0.5/1.0/1.5 which equals 50/100/150 .
NO-REPAINT unlike other similar indicators Hot Range does not redraw level lines, I use a simple strategy, when the 1.5 level is reach