Hey,
that just came through my mind.
We all know that every 5 year old can identifiy a trend looking at a chart.
If the price comes from the upper left corner to the lower right.. Trend is down.
So why not take the vertical Price Scale and convert the current price into a percentage of the total price scale visible on the screen.
Lets assume the top of the price scale is 200 Points and the bottom is 100 Points. Price is currently at 110. This means we have 10% which means trend is down. 50% would mean that price is in the middle of the chart -> ranging.
I don't think that there would be a practical use for this indicator. Just curious if that is possible with MT4.
that just came through my mind.
We all know that every 5 year old can identifiy a trend looking at a chart.
If the price comes from the upper left corner to the lower right.. Trend is down.
So why not take the vertical Price Scale and convert the current price into a percentage of the total price scale visible on the screen.
Lets assume the top of the price scale is 200 Points and the bottom is 100 Points. Price is currently at 110. This means we have 10% which means trend is down. 50% would mean that price is in the middle of the chart -> ranging.
I don't think that there would be a practical use for this indicator. Just curious if that is possible with MT4.