Range Area Chart
It is a type of area chart consisting of two sets of high and low values, which form an area. In other words, the area is not given by the line representing the values of the variable and the X-axis, but between two bands of values.
It is a type of area chart consisting of two sets of high and low values, which form an area. In other words, the area is not given by the line representing the values of the variable and the X-axis, but between two bands of values.
It serves to identify the maximum and minimum prices of something, or the range of estimated values in the absence of a specific value.
An example of a range area chart is the Bollinger Bands. They are two bands above and below a simple moving average, i.e. the positive and negative standard deviations, which help to identify the oversold or overbought of an asset.
