Wide and Narrow Spread Bars from High–Low Ranges

Summary

This indicator highlights the bars with the largest and smallest high–low ranges within a user-selected search range. The user can independently choose whether to display the widest bar, the narrowest bar, or both. The description labels the widest bar as a wide-spread bar and the narrowest as a narrow-spread bar, with separate colors for each.

The calculations compare each bar’s high minus low with the maximum and minimum such ranges over the selected period, then express the selected range in points. The document gives the calculation concept and adjustable settings, but does not explain how to interpret these bars, define a trading entry or exit, or show backtest evidence. It also leaves unspecified details such as handling ties or the exact period boundaries. The indicator identifies relative range extremes; any market meaning or strategy value requires separate testing.

Key ideas

• The indicator finds the maximum and minimum high–low ranges within a selected period.
• Users can toggle display of the widest and narrowest bars independently.
• The marked bars use separate colors and their ranges are expressed in points.
• The description provides no trading interpretation or performance evidence.

Tags

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