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Date/Time: Sat, 20 Apr 2024 00:34:46 +0000

Post From: Weinberg's "Range Indicator"

[2013-06-13 10:20:20] Link To Thread - Link To Post [Go To First Post]
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!