When price is above D1 open its bullish and you should look for range highs to be taken
When price is below D1 open its bearish and you should look for range lows to be taken
When the range low or high is taken price SHOULD enter a period of price expansion as liquidity should be lying there IF price does not enter price expansion then you should assume a range is still being held
Release Notes
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Some changes to clean things up!
No more cluttered levels only the most relevant :)
Release Notes
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Total overhaul of the displayed variables. More simplicty and the daily levels are now displayed on chart.
Thanks for this great indicator. :) Do the weekly range levels repaint if price pushes them, or are they fixed in place? Are they based on previous weekly highs and lows?
which one is which? color wise?
thanks