DislikedScreenshot 5M GBPUSD.
1) Price is consolidating around Monthly Pivot
2) Trading range for the day was at 160 pips
3) Average trading range (daily) is approximately 180 pips
4) Correct entry if you want to risk another short is a new low on 5M signal candleIgnored
I have made it visible only on my daily chart and I check it occasionally in the second half of day.
Attached File(s)
Average_Daily_Range.ex4
17 KB
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403 downloads
Average_Daily_Range.mq4
14 KB
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502 downloads