Daily Range Projections – indicator MetaTrader 5
The indicator forecasts high and low price values of a financial asset considering yesterday’s (completed) and today’s day candlesticks parameters. Tomorrow’s price range X depends on the current day Close and Open prices ratio. Three relations are possible among them: if Сlose[0] < Open [0], then Х = (High[1] + Low[1] + Close[1] + Low[1]
