fxcodebase-backup
Closing Price Position
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=7662
Forum: 17 · Topic 7662 · 2 post(s)
Closing Price Position
Apprentice · Fri Oct 28, 2011 3:13 am
Here I offer indicator / oscillator which shows the position of the closing price within the High / Low range of candles.
Theoretical basis. Strong Uptrend. Closing price at the top of the range. Strong Down Trend Closing price at the bottom of the range.
If not, it may be an indication of weakening of the current trend.
The indicator has several display options. Label / Overlay / Both
The indicator was revised and updated
Re: Closing Price Position
Apprentice · Fri Mar 17, 2017 7:39 am
Indicator was revised and updated.