Range PositionMicrostructure

Timeframe M1 · unit norm

What it measures

Position of the current bar's close within its own high-low range, expressed as a value from −0.5 (closed at the low) to +0.5 (closed at the high).

How Janira reads it (bullish vs bearish)

+0.5 means the bar closed exactly at its high - buyers controlled the entire range. −0.5 means the bar closed at its low - sellers held until the end. Zero means a middle close.

In plain language

Think of the bar's high and low as the top and bottom floors of a building. Range position tells you on which floor the bar parked when it closed. Top floor (+0.5) = buyers won; bottom floor (−0.5) = sellers won.

Scenarios

• Range position near +0.5: the bar closed right at the high - no late selling; buyers maintained full control for the duration.
• Range position near −0.5: the bar closed at the low - no late buying; sellers had the final say on this bar.
• Range position near 0 with large range: the bar had significant movement but closed in the middle - indecision between the extremes.
• Consecutive bars with range position above +0.3: a sequence of closes in the upper half of range - persistent short-term buying conviction.

More microstructure indicators

Janira computes Range Position deterministically from live price action, the same way for every reading - no discretion, no hidden weighting. This page explains the method; it is not a live reading and not advice.