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Range Indicator

The Range indicator, developed by Jack Weinberg, is based on the idea that average high to low prices versus average close to close prices may be a leading indication that a new trend is emerging or that an existing trend is about to end.  Use the Range indicator as a confirmation indicator.

The range bound parameters are considered to be 20 and 80.  If the range indicator reads 20 or below look for the possible emergence of a new trend.  If the range indicator reads 80 or above, look for the signs of the existing trend to end.

See Also

Range Developer Help