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Range Indicator

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The Range Indicator is drawn from the idea that changes in the average day’s intraday range (high to low) as compared to the average day’s interday range (close to close) will either signal a start of a new trend or the end of an existing trend.

Range Indicator

Chart courtesy of Prophet Financial Systems (www.prophet.net)

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Categories Articles, Technical Analysis | Tags: Technical Analysis, Technical Indicators

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