How the RANGE TRIGGER block works

This new block allows you to trigger an action based on the position of the price compared to the HH (Higher High), LL(Lower Low) or Median Price. But a picture is worth a thousand word so here is how it looks.

As you can see you have multiple settings, here’s how they are used :

• Analysis period: As always, it is the period you want to base your analysis on.
• Length: This is the length( in candles of the period you chose, so 20 * 4h = 20 4h candles = 3.3 days). on which the range based on.
• Price Position: You can choose between Below and Above, changing this setting will determine when you want the block to be triggered.
• Related to: You can choose HH(the highest price ever achieved on the last x candles), LL(the lowest price ever achieved on the last x candles), or median price (the median price of the last x candles).
• Distance Threshold: This is the minimum percentage by which the price needs to be compared to your settings.