A signal indicator of daily ranges. It is based on indicator Range Contraction.
It displays in a separate window the ratio between today's and yesterday's rabges. It marks with signal pointers the narrow range points (under the specified value).
There are three adjustable parameters:
- Threshold - yesterday's range threshold;
- Show Small Range - whether to show narrow range signals or not (Yes/No);
- Calculation period mode - calculation period mode
- Current - calculations on the current bar;
- Previous - calculations on the previous bar.
если RC < Threshold: