That website took me back to the 80s in a second. Do you use that indicator, are we witnessing the sauce of your craft?
I've noticed range days show up when, within the first 12 bars or so: up to HOD --> new LOD --> new HOD or down to LOD --> new HOD --> new LOD
Well, just came to record that after the carnage in the SP500 we had a flat day. It makes sense, day traders are licking their wounds. So it confirms that after gamblers are kicked out we go back to a calm day. Good to know.