how does this indicator work?:
the indicator calculates the previous daily range.
It takes the High minus the Low (Yesterday High - Yesterday Low).
Then it does the very same for the last 5 previous days.
It does that for each seperate day and then makes an average of those 5 days.
Then it does the same for the last 10 previous days. And as last it does the same for the last 20 previous days.
Of those 4 results it makes a new average. It calculates the averages as a exponential moving average would do.
FXiGoR DYNAMIC Breakout system
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