Many trades go wrong not because of direction, but because of misjudged risk.
You might take the same setup on two days with the same stop. One trade works. The other gets stopped out early, even though price later moves in your favor.
This often happens because volatility changes. Candle size alone does not reflect that.
That’s why we built FYERS True Range indicator. It shows how much price is actually moving, so your risk is based on context, not guesswork.
What it does
FYERS True Range shows how far price has moved compared to the previous day.
It captures intraday movement and gaps from the previous close. In Indian markets, gaps are common. Price may open far from the close and then trade quietly. The chart may look calm, but the risk was real.
A quick example
On a 5-minute chart of Apollo Micro Systems, price stays between ₹230 and ₹234. It looks like a quiet session.
But when you add FYERS True Range indicator, the line starts higher after the open, reflecting early volatility from a gap. As the session progresses, the line flattens, showing reduced movement, even though candle sizes remain similar.
This helps improve your stop-loss and target planning.
Why it matters
True Range gives a more accurate view of volatility. It helps you adjust your stop, trail, or position size based on how much the market is moving.
How it works
The calculation uses the largest of the following:
Today’s high minus today’s low
Absolute value of today’s high minus the previous close
Absolute value of today’s low minus the previous close
This ensures gaps and sharp opens are fully reflected.
Where it applies
FYERS True Range works on all instruments: stocks, indices, futures, options, and commodities.
Where to find it
Available on FYERS Web, FYERS App, and FYERS Trader.
Open your chart
Go to Indicators
Search for Fyers True Range and select it
Use it before your next trade. You’ll see how volatility changes through the day and manage risk better.