A low value of Gopalakrishnan Range Index means low volatility in a market where there are no gaps or significant changes in the charts. Whenever the charts start making strong moves or creating gaps the GAPO starts to rise.
We can not use this for a buy or sell signal.
It only gives an idea of the market volatility.
If you love to trade in a volatile market, look for a high value of GAPO and vice-versa.
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