Charts

Gopalakrishnan Range Index (GAPO)

Gopalakrishnan Range Index (GAPO)

Gopalakrishnan Range Index, developed by Jayanthi Gopalakrishnan, attempts to determine the variability of price data based on the log of the price range over a user defined n-periods.

Configuration Options

  • Period: Number of bars to use in the calculations.
  • Color Selectors: Colors to use for graph elements.
  • Display Axis Label: Whether to display the most recent value on the Y axis.

Formula

\[GRI = \frac{log(HighestHigh_{n-periods} - LowestLow_{n-periods})}{log(n-periods)}\]