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Views:: 3045
Rating:: (6)
Published:: 2018.07.13 15:49

RP.mq5 (9.56 KB) view

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Indicator RP (Range Position) displays the price position within the range (from Low to High) reached over the previous N periods.

It has four configurable parameters:

Range period - range calculation period;
First level - the first level;
Second level - the second level;
Third level - the third level.

Calculations:

RP = 100 * (Close - Min) / (Max - Min)

where:

Max, Min - the highest and the lowest prices within the Period

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21265

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RP - indicator for MetaTrader 5