An interactive indicator that calculates and displays key candle metrics including range and percentage change, allowing traders to quickly analyze price movement and volatility of specific time periods.
Explore complementary indicator rolesHow it works
The indicator allows traders to select any specific candle on the chart and automatically calculates two primary metrics: range and percentage change. The range is determined by subtracting the low price from the high price, which provides insight into the total price movement during that specific time period.
For the percentage change, the indicator calculates the difference between the opening and closing prices, then divides this by the opening price and multiplies by 100. This provides a clear percentage representation of price movement, showing whether the candle closed higher or lower and by what magnitude.
Why it may be useful
By providing instant calculations of range and percentage change, this indicator eliminates the need for manual computations, saving traders valuable time during market analysis. These metrics offer quick insights into market volatility and price momentum, which are critical for making informed trading decisions.
The interactive nature of the tool allows traders to rapidly assess different candles without disrupting their workflow. Understanding price range and percentage change helps traders identify potential trading opportunities, assess market sentiment, and develop more strategic entry and exit points.
When to explore it
This indicator is most effective during periods of high market volatility where quick assessment of price movement is crucial. It is particularly useful for traders who need rapid insights into short-term price dynamics, such as day traders and scalpers who make multiple trades within short time frames.
Traders can leverage this tool during key market events, earnings releases, or economic announcements when price movements are more pronounced. It is especially valuable when analyzing breakout scenarios, comparing different time periods, or quickly screening multiple charts for potential trading opportunities.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
