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The Range Detector indicator aims to detect and highlight intervals where prices are ranging. The extremities of the ranges are highlighted in real-time, with breakouts being indicated by the color changes of the extremities.
USAGE Ranging prices are defined by a period of stationarity, that is where prices move within a specific range.
Detecting ranging markets is a common task performed manually by traders. Price breaking one of the extremities of a range can be indicative of a new tre
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