Range Indicator: Range Expansion and Current-Bar Price Movement
Summary
The document introduces the Range indicator, which calculates a range expansion index and displays the range of price change for the current bar. It identifies the indicator’s author and notes that it was first implemented in MQL4 and published in 2007. The text offers a basic description of what the indicator reports, rather than explaining its calculation or how to interpret its values in a trading system.
No performance evidence, example signals, parameter guidance, or trading rules are provided. The document therefore serves as a brief indicator reference, not a tested strategy. Readers would need additional information to assess how the range expansion index is calculated, what market conditions it may help analyze, and whether it adds value alongside other measures.
Key ideas
- The indicator calculates a range expansion index.
- It displays the price-change range for the current bar.
- The document does not explain the formula or provide evidence of trading performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.