Support Board
Date/Time: Sat, 03 May 2025 18:23:19 +0000
Post From: Weinberg's "Range Indicator"
| [2013-06-13 10:20:20] |
| User20851 - Posts: 9 |
|
Hello, Does Sierra Chart offer an indicator that works like Jack Weinberg's Range Indicator, or is such an indicator possible to add. A description is as follows: Description Developed by Jack Weinberg, Range indicator compares intraday range with inter-day range Intraday range is bar’s (high – low) and inter-day range is (Close – Close-1) Author had a strong belief that crossing of intraday range outside the inter-day range is an indication of end of current trend It oscillates between 0 to 100 levels Interpretation RI crossing above level 80 is a signal to exit RI below 20 is indication that a new trend is about to take charge RI is useful to filter signal given by other studies Thank you very much! |