The indicator shows the dynamics of the formation of the daily range in the form of a histogram, as well as the average value of the daily range for the specified period.
The indicator is a useful auxiliary tool for intraday traders.
- N Day – the period for calculating the average value of the daily range.
- Level Indefinite – the level of uncertainty.
- Level Confidence – the level of confidence.
- Level Alert – signal level. When it is crossed, an alert is issued.