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Range & Trend (Expo) calculates the long term and short term Trading ranges as well as identifying the Trend. The indicator makes it easy to trade with the trend and to spot trading ranges.
The indicator has a unique trend line that adapts to the current volatility which enables that the trend is displayed more clearly. The color and the slope of the line determines the trend.
HOW TO USE
- Identify Long term and Short term Trading ranges
- Identify range breakouts
- Identify the trend
INDICATOR IN ACTION
Daily chart
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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