Average range
Average range is the typical distance between the high and low of a candle on an instrument, averaged over a stretch of candles.
Definition
Average range is the typical distance between the high and low of a candle on an instrument, averaged over a stretch of candles.
It gives a size a reader can compare against. A body that is large relative to the average range is what displacement describes.
Different indicators average different numbers of candles, so the figure depends on the setting.