OGT Owl Group Trading by Dr. Ken Long
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Technical Indicator

Max pain range compression

A screen that highlights symbols that have lost the most on a percentage basis compared to their peers.  In addition, today's range is compressed like a spring.  These candidates may be more likely to make an extreme move out of the narrow range.   The probability of a large move is increased while the initial risk required is reduced.   Formula = 100*(10D hi - Price)/(Range/ATR) or 100*(10D hi - Price)/(Range).