Candle Range (High-Low)

the Candle Range refers to the difference between the high price (High) and the low price (Low) of a specific candle or bar.

Example:
For a given candle on the chart:

The high price is 120.
The low price is 100.
The candle range is 20 (120 - 100).
Uses:
Volatility Measurement: The candle range is often used to assess an asset's volatility over time. For example, averaging candle ranges can indicate the average volatility.
Indicator Development: Many indicators, such as Average True Range (ATR), rely on candle ranges to provide insights about market conditions.
Trade Filters: Candle ranges can act as filters in strategies to avoid trading during periods of low volatility.