Floor 4: Value
Dealing Range
Dealing Range has two steps. First you drag two lines onto the swing high and swing low that currently contain price. Then you say whether a ringed close sits in premium or discount, either side of the 50% line. It teaches you to frame price inside a range before judging it.
Free, with a verified email address. An account saves your progress, and floors and tiers open as you level up.
What it teaches
Framing price inside its dealing range.
- The dealing range is the most recent swing high and swing low that still contain price.
- Equilibrium is the midpoint. Above it is premium, below it discount.
- Picking the most recent swings, not the most dramatic ones on the screen.
- Framing first, then judging a price.
How a round plays
- A chart appears with two draggable lines, High and Low.
- Drag each line onto the swing that bounds the current range. The lines snap to wicks, and arrow buttons move a line one pip at a time.
- Press "Set the range". One close is then ringed: choose premium or discount. At higher levels the 50% line is not drawn for you.
- The Lens draws the range, the equilibrium at the midpoint and the two halves shaded.
- A run is six charts with two answers each and takes about four minutes.
How it is graded
The rule here: the range is the most recent swing high and low that still contain price, and equilibrium is their midpoint. Each line is graded against its swing within a tolerance of three pips at the first level down to one pip, and the premium or discount call is graded separately.
The honest note
Premium and discount describe where price sits inside a range you chose. Discount is not the same as cheap, and price can stay in one half for a long time.