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This study calculates and displays the projected High and Low for Range Bars. The Range Bar types are selected via Chart >> Chart Settings >> Main Settings >> Bar Period Type. The Renko Bar types are listed below. They can only be used on Intraday Charts.

• Range Per Bar - Standard (in ticks)
• Range Per Bar - New Bar on Range Met (in ticks)
• Range Per Bar - True (in ticks)
• Range Per Bar - Fill Gaps (in ticks)
• Range Per Bar - Open=Close (in ticks)

Let \(H_t\) and \(L_t\) denote the High and Low Prices, respectively, at Index \(t\). Let \(r\) denote the Setting for the Range Bar (controlled via Chart >> Chart Settings >> Main Settings >> Setting) and let \(s\) denote the Tick Size.

We denote the Predicted High and Predicted Low Prices at Index \(t\) as \(H_t^{(P)}(r,s)\) and \(L_t^{(P)}(r,s)\), respectively. These are calculated for the last chart bar only as follows.