Figure 7. Histogram of intraday range (rescaled with local median) versus asymptotic density function of the range of a standard Brownian motion (sample period: 1962.01.02 - 2013.04.12)

From

Does Anyone Need a GARCH(1,1)?

Erhard Reschenhofer

Journal of Finance and Accounting. 2013, 1(2), 48-53 doi:10.12691/jfa-1-2-2