Indicators: Range Oscillator
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Range Oscillator:
Indicator that is similar to "raw" Stochastic and Williams Percent Range.
Range Oscillator is an indicator that shows the relative position of median price in the highest high to lowest low range for desired period. It is bound to 0 - 100 range, hence those levels are the extreme levels. Usage should be similar to stochastic indicator.
Author: Mladen Rakic