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Marney Range Indicator

552 bytes added, 16:03, 8 October 2021
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=== Definition ===
Coming soonThe Marney Range Indicator (MRI) is used to determine the unique range profile of individual currency markets in real-time. The MVI takes the true range of each hour of the day over a preceding number of days and plots that value as a time-adjusted average. <br>''Developed by Caspar Marney.''<br><br>The indicator takes each hour of the day (for example, 8:00 to 9:00 a.m.) and then calculates the true range for that hour over the past N days. Thus it gives you a measurement of whether the current range is larger or smaller than is typical for that specific time period.
=== Default Inputs===
'''mins.in.session''' sets the number of minutes in session, 1440 by default.
'''autobars'''sets the number of bars automatically if true is entered, true by default.
'''UpColor''' sets the color for positive indicator values that are relatively high over avgLen bars, cyan by default.
'''DnColor''' sets the color for negative indicator values that are relatively low over avgLen bars, red by default.
[[Category:Pre-built Indicators]]
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