Price and Candlestick Size Ratio Oscillator Parameters
Summary
This document describes an oscillator that expresses the percentage ratio between prices and candlestick sizes over a selected range. It identifies two settings: the calculation period, which determines the range length, and whether the range begins on the current candle or the preceding candle. The two setting choices are illustrated with figures, though the text does not explain the oscillator’s formula in detail.
The document offers a brief definition and parameter guide rather than a trading strategy or empirical evaluation. It provides no signals, thresholds, market examples, performance results, or discussion of limitations. Readers can learn what the indicator is intended to measure and how its range anchor can be adjusted, but cannot infer from this description how the oscillator should be interpreted or used in trading.
Key ideas
- The oscillator measures a percentage relationship between prices and candle sizes across a range.
- Its period setting controls the length of the calculation range.
- A setting determines whether the range starts at the current candle or the preceding candle.
- The document gives no trading rules or performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.