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.

Settings

• 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.