Plotting the Previous Candle’s High-to-Close and Low-to-Close Ranges

Summary

This indicator draws two price-range labels for the most recently completed candle: the distance from its high to its close and from its low to its close. It refers to the candle immediately before the current one, so the displayed values are based on finalized rather than still-changing prices.

The description gives no formulas, example values, trading rules, or performance evidence. It only identifies the two ranges and says the code was adapted from an earlier OHLC Range indicator. The labels may help users inspect a candle’s closing position within its range, but the text does not explain how to interpret them or establish that they predict future price movement.

Key ideas

• The indicator marks the previous closed candle’s high-to-close range.
• It also marks that candle’s low-to-close range.
• The description provides no trading interpretation or evidence of predictive value.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.