RealValue: A Price Tracker Adjusted by Average Bar Range
Summary
RealValue is an indicator intended to estimate a smoother reference level for an asset’s market price. Its stated behavior is directional: it rises when price is above the indicator and falls when price is below it. The speed of that adjustment is tied to the average distance between each bar’s high and low over a user-selected period. This makes the indicator responsive to both the direction of price relative to its current level and the recent typical bar range.
The document describes the design rationale and identifies a supporting smoothing library, but does not provide the full calculation, parameter values, trading rules, or performance evidence. It also does not define how the indicator’s output should be used to enter or exit trades. The description is therefore useful as a conceptual outline rather than a validated strategy. Its suitability across assets, timeframes, and market conditions is not established, and any practical application would need independent implementation checks and testing.
Key ideas
- RealValue aims to provide a smoother reference level than the market price.
- The indicator rises when price is above its current value and falls when price is below it.
- Its adjustment rate depends on the average high-to-low range over a selected period.
- The document gives a design overview but not a full formula or trading rules.
- No backtest or other performance evidence is provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.