Range Oscillator: Position of Median Price Within a Recent Range
Summary
The Range Oscillator measures where the median price sits within the highest-high to lowest-low range over a chosen period. It rescales that relative position to a bounded 0–100 scale, so values near the boundaries represent locations near the period’s range extremes. The document describes it as similar in spirit to raw Stochastic and Williams Percent Range, and says it can be used in a similar way to the Stochastic indicator.
The explanation is brief and gives no formula details, parameter guidance, chart examples, market tests, or evidence of profitability. It does not specify how the median price is calculated, how flat ranges are handled, or which thresholds should be used. As with other range-based oscillators, its reading describes price location within a selected lookback range; interpretation and usefulness may depend on the asset, period, and broader market context.
Key ideas
- The oscillator locates median price within the period’s highest-high to lowest-low range.
- Its readings are scaled from 0 to 100, with boundaries marking range extremes.
- The document compares its intended use with Stochastic and Williams Percent Range.
- No calculation details, parameter choices, or performance evidence are provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.