Range Factor

It can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits.

Go long if price is above upper band. Go short if price is below lower band.

//myRange = 0.02 //default Range (M1=0.01,M5=0.02,M15=0.04,M30=0.06,H1=0.08,H4=0.14,D1=0.4)
x = 100*(average[3,2](close)-average[34,2](close))*AverageTrueRange[3](close)
y = x/average[34,2](close)/AverageTrueRange[34](close)
z = (EXP(2*y)-1)/(EXP(2*y)+1)

Return z, myRange, -myRange

//myRange = 0.02 //default Range (M1=0.01,M5=0.02,M15=0.04,M30=0.06,H1=0.08,H4=0.14,D1=0.4)

x = 100*(average[3,2](close)-average[34,2](close))*AverageTrueRange[3](close)

y = x/average[34,2](close)/AverageTrueRange[34](close)

z = (EXP(2*y)-1)/(EXP(2*y)+1)

Return z, myRange, -myRange

forex range

Risk disclosure:

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 :

Filename : download the ITF files

How to import ITF files into ProRealTime platform?

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