Congestion index

Congestion index

The congestion index is an indicator that can be use for identifying breakout of consolidation periods.

The congestion index is calculated by taking the difference between the highest close price and the lowest close price for a specific period and then dividing the result by the lowest close price for the same period. Finally, the index value is multiplied by 100.

It is a simple formula :

 

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No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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