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[Download Now] Fun With Thinkscript – Better Range Finder

(6 customer reviews)

Original price was: $150.00.Current price is: $44.00.

Product Delivery – You will receive Content Access Via Email.
Email – [email protected]

Description

 width=Fun With Thinkscript – Better Range Finder

This ThinkorSwim indicator is a better range finder that has the goal of setting reasonable expectations for intra-day price movement.

I put the Better Range Finder on a chart and I can see immediately how it is going to help my premium collection trades I do on the NADEX exchange. So, thank you very much for that one.

Ernest

To establish reasonable expectations, I need to know things such as:

  • On average, how far does price move up from the open to the high of the day?
  • On average, how far does price move down from the open to the low of the day?
  • What is the average daily price range?

Once that data has been gathered, standard deviations are calculated then the average price range is expanded by one standard deviation. According to statistics, the intra-day price movements should fall within that expanded range (avg range + 1SD) roughly 70% of the time.

Any price movement within that expanded range would be considered “normal.” Price moves beyond that expanded range would signify a large move for the day.

The Better Range Finder plots the average and normal ranges on the chart to show where intra-day prices might go. Initially, the full range is extended upward from the open to show how far price might extend if it were to open and continue higher for the rest of the day. Likewise, the full range is extended downward from the open to show how far prices might fall.

As the day progresses, the upper and lower range boundaries are moved inward to reflect actual price movement. The upper boundaries will always be extended by the range size from the current low of the day and the lower boundaries will be extended downward from the high of the day.

The areas representing the average open-to-HOD and open-to-LOD are painted. The line between the two areas is the open of the day.

The video below may help to explain the concept a little better. The presenter describes projecting the daily average lines upward from the low of the day and downward from the high of the day and that is exactly how the lime green and purple lines react in my script.

The lime green lines correlate to the average daily range mentioned in the video. The purple lines expand that range by one standard deviation.


Salepage: https://funwiththinkscript.com/indicators/better-range-finder/

Delivery Method

– After your purchase, you’ll see a View your orders link which goes to the Downloads page. Here, you can download all the files associated with your order.
– Downloads are available once your payment is confirmed, we’ll also send you a download notification email separate from any transaction notification emails you receive from imcourse.net.
– Since it is a digital copy, our suggestion is to download and save it to your hard drive. In case the link is broken for any reason, please contact us and we will resend the new download link.
– If you cannot find the download link, please don’t worry about that. We will update and notify you as soon as possible at 8:00 AM – 8:00 PM (UTC+8).

Thank You For Shopping With Us!

6 reviews for [Download Now] Fun With Thinkscript – Better Range Finder

  1. Ryker (verified owner)

    I learned so much from this course. The instructor’s knowledge is impressive.

  2. Anna Sanders (verified owner)

    The course was very informative and well-structured.

  3. Amanda Martinez (verified owner)

    Good quality.

  4. Laura Griffin (verified owner)

    The course was very engaging and easy to follow.

  5. Emily Roberts (verified owner)

    The content was high-quality and well-organized.

  6. Lindsay Morgan (verified owner)

    The practical examples made a huge difference. Great course!

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