OPEN-SOURCE SCRIPT

[JHF] Candle Range Average

20
The Candle Range Average indicator, developed by JHF, is designed to help traders analyze the volatility of price movements within each candle. The indicator calculates the difference between the high and low of each candle, offering a clear visualization of price range.

Key features include:

  • Moving Average: A simple moving average (SMA) of the candle ranges, helping to smooth out fluctuations and identify trends in volatility.
  • Percentage Mode: An optional setting to switch between absolute price movement and percentage price movement, providing flexibility depending on your analysis needs.


This indicator is useful for identifying periods of high and low volatility, which can be critical for timing entries and exits in trading strategies.

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。