Indicator Wide/Narrow Spread bar displays the largest and the smallest bar over the selected period as colored candles.

It has three adjustable parameters:

  • Range - search range

  • Show wide spread bar - show the largest bar (Yes/No)

  • Show narrow spread bar - show the smallest bar (Yes/No)

Calculations:

  • If Max = HL,
    WS = Max/Point and the candle color is blue

  • If Min = HL,
    NS = Min/Point and the candle color is red

where:

HL = High - Low
Max, Min - the maximum and minimum HL within the Range