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Constant Range Candles

Constant Range Candles

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  1. Constant Range Candles and Charts are also referred to as Range Bars (RB) and Range Bar Charts.
  2. Constant Range Candles / Bars all have the same pip range value from high to low.
  3. Standard Candles / Bars all have different pip range values from high to low.
  4. The indicator computes the pip range of the 8th historical candle / bar from the current candle / bar.
  5. As each new candle / bar is formed the 8th historical candle becomes the next candle to the right.
  6. Because all range candles / bars have the same pip range value each successive 8th candle produces the same fixed range output.
  7. If the indicator is used with standard candles / bars the range output will not be fixed but will differ with each new candle / bar.






Constant Range (CR): CR 50

LCrudeAug12: 79.58 High - 79.08 Low (a random candle data chosen for illustration)


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Author
Salvador
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