A momentum indicator comparing a closing price to its price range over a set period. It is one of many tools used within technical analysis to translate raw price data into a visual signal that can guide entries, exits, or bias.
A momentum indicator comparing a closing price to its price range over a set period. It is one of many tools used within technical analysis to translate raw price data into a visual signal that can guide entries, exits, or bias.
It's used to spot potential reversal zones in ranging markets. At the intermediate level, this becomes increasingly relevant as traders begin refining strategies, tightening risk controls, and reading the market more critically.
Plotted between 0 and 100, with 80/20 as common overbought/oversold levels. Most traders come across this while reviewing charts, monitoring news feeds, or checking their account dashboard, and being able to spot it quickly is a useful practical skill.
IUX
Exness
Vantage
XM
ICMarkets
LiteFinance
Moneta
Tickmill
South Africa (9)
India (9)
Bangladesh (12)
Germany (9)
Thailand (10)
Philippines (9)
Nigeria (10)
Vietnam (10)
Malaysia (9)
