RP – indicator for MetaTrader 5

Indicator RP (Range Position) displays the price position within the range (from Low to High) reached over the previous N periods.

It has four configurable parameters:

  • Range period – range calculation period;
  • First level – the first level;
  • Second level – the second level;
  • Third level – the third level.
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Calculations:

RP = 100 * (Close - Min) / (Max - Min)

where:

  • Max, Min – the highest and the lowest prices within the Period

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