Indicator RP (Range Position) displays the price position within the range (from Low to High) reached over the previous N periods.

It has four configurable parameters:

  • Range period - range calculation period;
  • First level - the first level;
  • Second level - the second level;
  • Third level - the third level.

Calculations:

RP = 100 * (Close - Min) / (Max - Min)

where:

  • Max, Min - the highest and the lowest prices within the Period