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Results tagged with analysis
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user 867
17
votes
2
answers
1k
views
Why is the ratio of Hi-Low range to Open-Close range close to 2?
I tried it in several symbols and timeframes with the same result:
$$\frac {mean(HIGH-LOW)}{mean(|CLOSE-OPEN|)}$$
Symbol Result
------ ------
EURUSD:W1 1.9725
EURUSD:D1 2.0023
E …
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