Rank Index

Period : 5

Average Period : 5

In the Rank index indicator, two lines are plotted below the chart.

1 – The green line is the Rank Index line

2 – The red line is the average.

An increase in the Rank Index indicates a bullish trend.

A falling Rank Index indicates a bearish trend.

The Rank Index line crosses above the Average line when it is Bullish, and it crosses below the Average line when it is Bearish.

The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.

This indicator is also available in the System Builder of RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

The indicator is applicable to all types of charting. Calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.