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Auto Ranges

Description

Range Trading is Day trading in easy mode. The Auto Ranges function much like the Auto Fib function automatically creates a trading range based on the timeframe you trade on. By creating these values it will lay out easy buy and sell areas based on the price action within a range which allows you as a trader to “Hedge” your trades. This is a system where you have both a long and a short position for an individual pair, with the idea that you are long from the bottom of the range and short from the top of it. Combine this with some basic range trading knowledge and you can easily maintain profitable positions while everyone else is getting “chopped up”.

How to use

“Range Trading” or a Trading “Range” is the vertical price movements between a resistant ceiling and a support floor for a period of time. Trading range often occurs in all financial markets in which the price resistance is provided by the top of a ticker’s trading range, while the price support is offered by the bottom of the trading range. When trading in a range you are looking to take short positions at the top of the range and long positions at the bottom. The tops and bottoms of the range in this system have a range of 0 or 1. Then they have a midpoint of .5 as well as midpoints between the top and middle and bottom and middle with the values .25 and .75. Using the chart above as an example with 0 being the top and 1 being the bottom let us say we took a long position when we confirmed the support around the 1 line then the lines of .75, .5, and .25 can act as our “Profit Targets” where we would take profit on our trade as it moves up. Ideally and with practice you can use a range to build your “Hedge” position. So you would simultaneously have a short position at the top of the range and a long position at the bottom of it. Mastering this method allows you to take profit and add to your positions regardless of which way the price moves since you are “Hedged” both ways.

Settings

The Auto Ranges work in the same way that the Auto Fibs work and the values where these ranges are pulled are also determined by the Deviation and Depth of the Auto Fibs. The ranges come preset with the values of 0, .25, .5, .75, and 1. This way you can “Range Trade” easily once you have dialed in the range using the Deviation and Depth values to determine where the tool pulls your range.

Indicator Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Auto Ranges

Description

Range Trading is Day trading in easy mode. The Auto Ranges function much like the Auto Fib function automatically creates a trading range based on the timeframe you trade on. By creating these values it will lay out easy buy and sell areas based on the price action within a range which allows you as a trader to “Hedge” your trades. This is a system where you have both a long and a short position for an individual pair, with the idea that you are long from the bottom of the range and short from the top of it. Combine this with some basic range trading knowledge and you can easily maintain profitable positions while everyone else is getting “chopped up”.

How to use

“Range Trading” or a Trading “Range” is the vertical price movements between a resistant ceiling and a support floor for a period of time. Trading range often occurs in all financial markets in which the price resistance is provided by the top of a ticker’s trading range, while the price support is offered by the bottom of the trading range. When trading in a range you are looking to take short positions at the top of the range and long positions at the bottom. The tops and bottoms of the range in this system have a range of 0 or 1. Then they have a midpoint of .5 as well as midpoints between the top and middle and bottom and middle with the values .25 and .75. Using the chart above as an example with 0 being the top and 1 being the bottom let us say we took a long position when we confirmed the support around the 1 line then the lines of .75, .5, and .25 can act as our “Profit Targets” where we would take profit on our trade as it moves up. Ideally and with practice you can use a range to build your “Hedge” position. So you would simultaneously have a short position at the top of the range and a long position at the bottom of it. Mastering this method allows you to take profit and add to your positions regardless of which way the price moves since you are “Hedged” both ways.

How to Add an Alert

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Auto Ranges

Description

Range Trading is Day trading in easy mode. The Auto Ranges function much like the Auto Fib function automatically creates a trading range based on the timeframe you trade on. By creating these values it will lay out easy buy and sell areas based on the price action within a range which allows you as a trader to “Hedge” your trades. This is a system where you have both a long and a short position for an individual pair, with the idea that you are long from the bottom of the range and short from the top of it. Combine this with some basic range trading knowledge and you can easily maintain profitable positions while everyone else is getting “chopped up”.

How to use

“Range Trading” or a Trading “Range” is the vertical price movements between a resistant ceiling and a support floor for a period of time. Trading range often occurs in all financial markets in which the price resistance is provided by the top of a ticker’s trading range, while the price support is offered by the bottom of the trading range. When trading in a range you are looking to take short positions at the top of the range and long positions at the bottom. The tops and bottoms of the range in this system have a range of 0 or 1. Then they have a midpoint of .5 as well as midpoints between the top and middle and bottom and middle with the values .25 and .75. Using the chart above as an example with 0 being the top and 1 being the bottom let us say we took a long position when we confirmed the support around the 1 line then the lines of .75, .5, and .25 can act as our “Profit Targets” where we would take profit on our trade as it moves up. Ideally and with practice you can use a range to build your “Hedge” position. So you would simultaneously have a short position at the top of the range and a long position at the bottom of it. Mastering this method allows you to take profit and add to your positions regardless of which way the price moves since you are “Hedged” both ways.

Settings

The Auto Ranges work in the same way that the Auto Fibs work and the values where these ranges are pulled are also determined by the Deviation and Depth of the Auto Fibs. The ranges come preset with the values of 0, .25, .5, .75, and 1. This way you can “Range Trade” easily once you have dialed in the range using the Deviation and Depth values to determine where the tool pulls your range.

Indicator Settings

Style Settings

Auto Ranges

Description

Range Trading is Day trading in easy mode. The Auto Ranges function much like the Auto Fib function automatically creates a trading range based on the timeframe you trade on. By creating these values it will lay out easy buy and sell areas based on the price action within a range which allows you as a trader to “Hedge” your trades. This is a system where you have both a long and a short position for an individual pair, with the idea that you are long from the bottom of the range and short from the top of it. Combine this with some basic range trading knowledge and you can easily maintain profitable positions while everyone else is getting “chopped up”.

How to use

“Range Trading” or a Trading “Range” is the vertical price movements between a resistant ceiling and a support floor for a period of time. Trading range often occurs in all financial markets in which the price resistance is provided by the top of a ticker’s trading range, while the price support is offered by the bottom of the trading range. When trading in a range you are looking to take short positions at the top of the range and long positions at the bottom. The tops and bottoms of the range in this system have a range of 0 or 1. Then they have a midpoint of .5 as well as midpoints between the top and middle and bottom and middle with the values .25 and .75. Using the chart above as an example with 0 being the top and 1 being the bottom let us say we took a long position when we confirmed the support around the 1 line then the lines of .75, .5, and .25 can act as our “Profit Targets” where we would take profit on our trade as it moves up. Ideally and with practice you can use a range to build your “Hedge” position. So you would simultaneously have a short position at the top of the range and a long position at the bottom of it. Mastering this method allows you to take profit and add to your positions regardless of which way the price moves since you are “Hedged” both ways.

Settings

The Auto Ranges work in the same way that the Auto Fibs work and the values where these ranges are pulled are also determined by the Deviation and Depth of the Auto Fibs. The ranges come preset with the values of 0, .25, .5, .75, and 1. This way you can “Range Trade” easily once you have dialed in the range using the Deviation and Depth values to determine where the tool pulls your range.

Indicator Settings

Auto Ranges

Description

Range Trading is Day trading in easy mode. The Auto Ranges function much like the Auto Fib function automatically creates a trading range based on the timeframe you trade on. By creating these values it will lay out easy buy and sell areas based on the price action within a range which allows you as a trader to “Hedge” your trades. This is a system where you have both a long and a short position for an individual pair, with the idea that you are long from the bottom of the range and short from the top of it. Combine this with some basic range trading knowledge and you can easily maintain profitable positions while everyone else is getting “chopped up”.

How to use

“Range Trading” or a Trading “Range” is the vertical price movements between a resistant ceiling and a support floor for a period of time. Trading range often occurs in all financial markets in which the price resistance is provided by the top of a ticker’s trading range, while the price support is offered by the bottom of the trading range. When trading in a range you are looking to take short positions at the top of the range and long positions at the bottom. The tops and bottoms of the range in this system have a range of 0 or 1. Then they have a midpoint of .5 as well as midpoints between the top and middle and bottom and middle with the values .25 and .75. Using the chart above as an example with 0 being the top and 1 being the bottom let us say we took a long position when we confirmed the support around the 1 line then the lines of .75, .5, and .25 can act as our “Profit Targets” where we would take profit on our trade as it moves up. Ideally and with practice you can use a range to build your “Hedge” position. So you would simultaneously have a short position at the top of the range and a long position at the bottom of it. Mastering this method allows you to take profit and add to your positions regardless of which way the price moves since you are “Hedged” both ways.

Settings

The Auto Ranges work in the same way that the Auto Fibs work and the values where these ranges are pulled are also determined by the Deviation and Depth of the Auto Fibs. The ranges come preset with the values of 0, .25, .5, .75, and 1. This way you can “Range Trade” easily once you have dialed in the range using the Deviation and Depth values to determine where the tool pulls your range.

Indicator Settings

Timeframe Settings

The SR Lines can be adjusted by intensity for each timeframe. First the SR High, Medium, and Low levels can be toggled to be on or off. Then the ATR Length, Multiplier, and Volume Threshold can be individually adjusted to change the frequency of the SR levels and the intensity to which they are plotted. 

Auto Ranges

Description

Range Trading is Day trading in easy mode. The Auto Ranges function much like the Auto Fib function automatically creates a trading range based on the timeframe you trade on. By creating these values it will lay out easy buy and sell areas based on the price action within a range which allows you as a trader to “Hedge” your trades. This is a system where you have both a long and a short position for an individual pair, with the idea that you are long from the bottom of the range and short from the top of it. Combine this with some basic range trading knowledge and you can easily maintain profitable positions while everyone else is getting “chopped up”.

How to use

“Range Trading” or a Trading “Range” is the vertical price movements between a resistant ceiling and a support floor for a period of time. Trading range often occurs in all financial markets in which the price resistance is provided by the top of a ticker’s trading range, while the price support is offered by the bottom of the trading range. When trading in a range you are looking to take short positions at the top of the range and long positions at the bottom. The tops and bottoms of the range in this system have a range of 0 or 1. Then they have a midpoint of .5 as well as midpoints between the top and middle and bottom and middle with the values .25 and .75. Using the chart above as an example with 0 being the top and 1 being the bottom let us say we took a long position when we confirmed the support around the 1 line then the lines of .75, .5, and .25 can act as our “Profit Targets” where we would take profit on our trade as it moves up. Ideally and with practice you can use a range to build your “Hedge” position. So you would simultaneously have a short position at the top of the range and a long position at the bottom of it. Mastering this method allows you to take profit and add to your positions regardless of which way the price moves since you are “Hedged” both ways.

Settings

The Auto Ranges work in the same way that the Auto Fibs work and the values where these ranges are pulled are also determined by the Deviation and Depth of the Auto Fibs. The ranges come preset with the values of 0, .25, .5, .75, and 1. This way you can “Range Trade” easily once you have dialed in the range using the Deviation and Depth values to determine where the tool pulls your range.

Indicator Settings

Timeframe Settings

Auto Ranges

Description

Range Trading is Day trading in easy mode. The Auto Ranges function much like the Auto Fib function automatically creates a trading range based on the timeframe you trade on. By creating these values it will lay out easy buy and sell areas based on the price action within a range which allows you as a trader to “Hedge” your trades. This is a system where you have both a long and a short position for an individual pair, with the idea that you are long from the bottom of the range and short from the top of it. Combine this with some basic range trading knowledge and you can easily maintain profitable positions while everyone else is getting “chopped up”.

How to use

“Range Trading” or a Trading “Range” is the vertical price movements between a resistant ceiling and a support floor for a period of time. Trading range often occurs in all financial markets in which the price resistance is provided by the top of a ticker’s trading range, while the price support is offered by the bottom of the trading range. When trading in a range you are looking to take short positions at the top of the range and long positions at the bottom. The tops and bottoms of the range in this system have a range of 0 or 1. Then they have a midpoint of .5 as well as midpoints between the top and middle and bottom and middle with the values .25 and .75. Using the chart above as an example with 0 being the top and 1 being the bottom let us say we took a long position when we confirmed the support around the 1 line then the lines of .75, .5, and .25 can act as our “Profit Targets” where we would take profit on our trade as it moves up. Ideally and with practice you can use a range to build your “Hedge” position. So you would simultaneously have a short position at the top of the range and a long position at the bottom of it. Mastering this method allows you to take profit and add to your positions regardless of which way the price moves since you are “Hedged” both ways.

Settings

The Auto Ranges work in the same way that the Auto Fibs work and the values where these ranges are pulled are also determined by the Deviation and Depth of the Auto Fibs. The ranges come preset with the values of 0, .25, .5, .75, and 1. This way you can “Range Trade” easily once you have dialed in the range using the Deviation and Depth values to determine where the tool pulls your range.

Indicator Settings

Auto Ranges

Description

Range Trading is Day trading in easy mode. The Auto Ranges function much like the Auto Fib function automatically creates a trading range based on the timeframe you trade on. By creating these values it will lay out easy buy and sell areas based on the price action within a range which allows you as a trader to “Hedge” your trades. This is a system where you have both a long and a short position for an individual pair, with the idea that you are long from the bottom of the range and short from the top of it. Combine this with some basic range trading knowledge and you can easily maintain profitable positions while everyone else is getting “chopped up”.

How to use

“Range Trading” or a Trading “Range” is the vertical price movements between a resistant ceiling and a support floor for a period of time. Trading range often occurs in all financial markets in which the price resistance is provided by the top of a ticker’s trading range, while the price support is offered by the bottom of the trading range. When trading in a range you are looking to take short positions at the top of the range and long positions at the bottom. The tops and bottoms of the range in this system have a range of 0 or 1. Then they have a midpoint of .5 as well as midpoints between the top and middle and bottom and middle with the values .25 and .75. Using the chart above as an example with 0 being the top and 1 being the bottom let us say we took a long position when we confirmed the support around the 1 line then the lines of .75, .5, and .25 can act as our “Profit Targets” where we would take profit on our trade as it moves up. Ideally and with practice you can use a range to build your “Hedge” position. So you would simultaneously have a short position at the top of the range and a long position at the bottom of it. Mastering this method allows you to take profit and add to your positions regardless of which way the price moves since you are “Hedged” both ways.

Settings

The Auto Ranges work in the same way that the Auto Fibs work and the values where these ranges are pulled are also determined by the Deviation and Depth of the Auto Fibs. The ranges come preset with the values of 0, .25, .5, .75, and 1. This way you can “Range Trade” easily once you have dialed in the range using the Deviation and Depth values to determine where the tool pulls your range.

Indicator Settings

Auto Ranges

Description

Range Trading is Day trading in easy mode. The Auto Ranges function much like the Auto Fib function automatically creates a trading range based on the timeframe you trade on. By creating these values it will lay out easy buy and sell areas based on the price action within a range which allows you as a trader to “Hedge” your trades. This is a system where you have both a long and a short position for an individual pair, with the idea that you are long from the bottom of the range and short from the top of it. Combine this with some basic range trading knowledge and you can easily maintain profitable positions while everyone else is getting “chopped up”.

How to use

“Range Trading” or a Trading “Range” is the vertical price movements between a resistant ceiling and a support floor for a period of time. Trading range often occurs in all financial markets in which the price resistance is provided by the top of a ticker’s trading range, while the price support is offered by the bottom of the trading range. When trading in a range you are looking to take short positions at the top of the range and long positions at the bottom. The tops and bottoms of the range in this system have a range of 0 or 1. Then they have a midpoint of .5 as well as midpoints between the top and middle and bottom and middle with the values .25 and .75. Using the chart above as an example with 0 being the top and 1 being the bottom let us say we took a long position when we confirmed the support around the 1 line then the lines of .75, .5, and .25 can act as our “Profit Targets” where we would take profit on our trade as it moves up. Ideally and with practice you can use a range to build your “Hedge” position. So you would simultaneously have a short position at the top of the range and a long position at the bottom of it. Mastering this method allows you to take profit and add to your positions regardless of which way the price moves since you are “Hedged” both ways.

Settings

The Auto Ranges work in the same way that the Auto Fibs work and the values where these ranges are pulled are also determined by the Deviation and Depth of the Auto Fibs. The ranges come preset with the values of 0, .25, .5, .75, and 1. This way you can “Range Trade” easily once you have dialed in the range using the Deviation and Depth values to determine where the tool pulls your range.

Indicator Settings

Terms & Conditions