Indicator Wide/Narrow Spread bar displays the largest and the smallest bar over the selected period as colored candles.
It has three adjustable parameters:
- Range – search range
- Show wide spread bar – show the largest bar (Yes/No)
- Show narrow spread bar – show the smallest bar (Yes/No)
Calculations:
- If Max = HL,
WS = Max/Point and the candle color is blue
- If Min = HL,
NS = Min/Point and the candle color is red
where:
HL = High – Low
Max, Min – the maximum and minimum HL within the Range