Average Price Movement inidcator displays the high/low for the period over time. On top of that an 8 period exponential moving avergae is attached to get average movement over time. It provides, for eg. on a Daily chart, gives a day range and this can be used to book profits or place stop loss. It is very simple indicator to provide price range over time.
Hey, This can be used for understanding the day range on a Daily timeframe. Entries or profits can taken based on the Average. Also please read the comments below for how some users are using this.
e93octane
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Glad I found this.. awesome indicator.. using it for volume as my broker does not provide it... great job.
cachalote
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This is an Excellent indicator ! Simple and superbly effective. A pity it seems a few people found it yet. Configure Time Frame = 5 ( 5 minutes ) if you are using 1 Minute charts to see it working. Otherwise , you will only see two straight lines and no information ( using it with the default day timeframe "D").
cooney_s
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Good tool. Can be used to highlight possible moves into Supply or Demand zones, reversal could be imminent on the large pip spikes. Thanks for sharing!