Abbreviation: PriceRange ExpAvg
Category: Advanced Price Basic
Input Parameters:
| Name | Range | Default |
| High Price | High | |
| Low Price | Low | |
| Price Periods | Int >= 1 | 6 |
| ExpAvg Periods | Int >= 1 | 5 |
Calculation:
ExpAvg(X, ExpAvg Periods)
where
X = PriceRange(High Price, Low Price, Price Periods)
PriceRange represents Price Range
ExpAvg represents Exponential Moving Average
Discussion:
This indicator attempts to smooth the Price Range indicator by calculating its moving average. Since it uses an exponential moving average (which gives more importance to the most recent periods than to less recent periods), the smoothing is influenced most by recent periods.