Blast Off

Indicator designed by Larry Williams, who in 2002 called this indicator Blast Off, which translated means to jump out.

The indicator aims to identify price explosions, both positive and negative. To obtain this result the OPEN and CLOSE values are compared with HIGH and LOW and if the difference between the OPEN and the CLOSE of the day is less than 20% of the range (HIGH-LOW), the explosion is likely to occur of price, or if the absolute value of (OPEN-CLOSE) / HIGH-LOW is less than 20% a Blast Off is expected.