TRI - The Range Indicator by Jack Weinberg

9 thg 10, 2019

TRI - The Range Indicator by Jack Weinberg

Developed by Jack Weinberg, Range indicator compares intraday range with inter-day range

Intraday range is bar’s (high – low) and inter-day range is (Close – Close-1)
Author had a strong belief that crossing of intraday range outside the inter-day range is an indication of end of current trend
It oscillates between 0 to 100 levels

Interpretation

RI crossing above level 80 is a signal to exit
RI below 20 is indication that a new trend is about to take charge
RI is useful to filter signal given by other studies

26 thg 5, 2020

Phát hành các Ghi chú

bugs fixed

19 thg 6, 2021

Phát hành các Ghi chú

fix