Percentage Range Indicator

14 בינו׳ 2022

The Percentage Range Indicator is useful for assessing the volatility of pairs for percentage-based grid bots. The higher the percentage range for a given time period, the more trades a grid bot is likely to generate in that period. Conversely, a grid bot can be optimised by using grids that are less than the Percentage Range Indicator value.

I have been using the Percentage Range Indicator based on the one hour time period and 168 periods of smoothing (seven days based on one-hour periods).

Enjoy.

5 בפבר׳ 2023

הערות שחרור

Script updated to give options for different smoothing -- simple moving average, exponential moving average and weighted moving average. Other code also tidied up.

This script only calculates the range from the high to the low for the period. See my other script, ATRP Arthur, for calculation of the average true range percent. The true range takes into account gaps between periods.

5 בפבר׳ 2023

הערות שחרור

Updated published chart.