This indicator was originally developed by Jayanthi Gopalakrishnan (Stocks & Commodities, V.19:1 (January, 2001): "Gopalakrishnan Range Index").
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Gopalakrishnan indicator or GAPO for short, is a measurement of market volatility.
The indicator is calculated over a set time period (default 5 days) using only price action.
Developed by Jayanthi Gopalakrishnan which is based on Mandelbrot's work, to measure the dynamic character of the financial markets.
![EURUSD: Gopalakrishnan Range Index [Rouge1896]](https://s3.tradingview.com/v/V3aenvyZ_mid.png "Gopalakrishnan Range Index [Rouge1896]")
