Simple Range Filter
- Indicators
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Mattia Impicciatore
Hello,
I’m Mattia — a fintech developer, trader, and expert in MQL5, Python, and web technologies. - Version: 1.0
Simple Range Filter is an indicator designed to highlight candles with high or low volatility. It calculates the average range (High - Low) over a defined number of candles and dynamically adjusts the thresholds based on market conditions.
Main Features:
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Dynamic calculation of average range
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Visual highlighting of bars with above or below-average range
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Configurable parameters for colors and calculation period
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Real-time updates (tick-by-tick)
Use Cases:
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Helps identify periods of low volatility (consolidation) or high volatility (expansion)
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Can be used as a technical analysis component within more complex systems
Compatibility:
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Timeframes: M1 to D1
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Instruments: Forex, indices, cryptocurrencies, stocks
This indicator does not use predictive algorithms, does not guarantee trading results, and does not generate automatic signals. It is a technical analysis support tool.
