Range Exhaustion
How much of today's normal range is already used, with projection levels both ways. Great for knowing when to stop chasing 🙂
About this indicator
If a market usually moves 80 pips a day and has already done 75, a continuation trade is buying whatever is left. This shows you that before you click. The average leaves today out, so a half-finished day never drags the benchmark down right when you need it. Projections are drawn the way desks use them: if today's low holds, a full average day reaches here, and the same from the high. A small label on the last bar shows the percent used and changes colour after your warning level. It builds the daily range from the chart's own bars, so it works on intraday charts too. 🙂
Reviews (0)
No reviews yet, be the first to share how it works for you.