The Daily Factor Indicator was created by Andrea Unger (Stocks and Commodities Jun 2023 pgs 26-31), and this is a new volatility indicator that compares the body, which is the absolute difference between the previous open and previous close, and the range which is the difference between the previous high and previous low. The indicator is calculated by dividing...
![AAPL: Daily Factor Indicator [CC]](https://s3.tradingview.com/r/roCukmkh_mid.png "Daily Factor Indicator [CC]")
