Originally, the indicator was designed to determine the maximum movement of daily range basis, it would be handy when understanding the overbought/oversold based on max range movement.

It will be suitable on any trading style, for example you may want to use MA cross as your signal. With this tool, you can determine the correct spot to enter the market.

It will show you the right time to enter the trade.

Note: It is better to wait until the range movement reaches the 61.8% ~ 100% of range movement for several pairs like GBPUSD, USDJPY, EURUSD, EURJPY, and AUDUSD. The full range between 61.8% ~ 100% usually appears during USA market.

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