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.

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。