Gopalakrishnan Range Index

The Gopalakrishnan Range Index is an indicator of volatility and momentum, devised by Jayanthi Gopalakrishnan to distinguish between irregular and continuous markets. Each type of market provides opportunities for the trader, but for Gopalakrishnan it is important to know what kind of market you are dealing with and if this reflects your trading style. The goal of the Gopalakrishnan Range Index is not to generate buy or sell signals, but to provide an overview – a starting point that you can use to identify financial instruments that match your trading style. An increase in the Gopalakrishnan Range Index represents an increase in the volatility of the financial instrument, and it is therefore advisable to use the Gopalakrishnan Range Index alongside a trend indicator.