Glossary

AVG = Average Range. The average range is the sum of the ranges divided by the quantity records in the dataset.

Closed Inside Previous Period. It is the percentage of time the period tagged the previous period’s high or low and perhaps exceeded the previous period’s high or low and ended up closing within the previous period’s range  The difference between the InsidePP and CIPP statistics… Read More »CIPP

Day of Week Stats are often broken down by Day of the Week. (Mon – Friday) We are not currently providing Sunday Stats.

Encompassed Previous Period. It is the percentage of the time the “period ending” tagged or exceeded both the previous period’s high and low.  In other words, the current “period ending” bar is higher and lower than the previous bar.

Initial Balance Period The Initial Balance Period (IBP), as used on statsfortrading.com, is the first 60 minutes of the Regular Trading Hours (RTH) session. IBP 1.5 is the range multiplied by 1.5 and added to the IBP Low and subtracted from the IBP High.  This… Read More »IBP

Inside Previous Period.  It is the percentage of time that the 30-minute range says inside the prior 30-minute range.  This means that it does not touch or tag the high or the low of the previous 30-minute period range.  It stays completely inside the previous… Read More »InsidePP

MAX = Maximim Range The Maximum Range is the smallest range in the dataset.  Knowing the Maximum Range can help a trader know what the 30-Minute period has been statistically capable of in the defined period of time, ie; -30 days, -60 days, etc.

Median = Median Range The Median Range is the middle of a range of numbers in ascending or decending order.  In trading, the outliers on big range days can skew certain statistics.  The Median can help determine a central tendency. For a fuller definition see… Read More »MEDIAN

MIN = Minimum Range The Minimum Range is the smallest range in the dataset.  Knowing the Minimum Range can help a trader know what the 30-Minute period has been statistically capable of in the defined period of time, ie; -30 days, -60 days, etc.

OverNight Range This is the Globex Range (Globex High – Globex Low) between the start of the Globex Session (6:00 pm EST) and the close of the last 30min bar prior to the start of the  Regular Trading Hours (RTH) session. Example: CL’s ONR is… Read More »ONR