Would it be possible to create an indicator which counts, say, the last 16 bars of a 30 mins chart i.e. 8 hours worth and if the range of that period from the highest high to lowest low is under a set amount, say 25 pips, two lines appear on a chart and an email alert is sent to me?
This would be a huge help in my low volatility=potential breakout strategy.
Not an original idea I know but I can't see this kind of indicator anywhere. I've used the ATR but just not the same.
Thanks very much if you can help make it or point me in the direction of a similar indicator
http://picnac.com/images/9816Untitled 3.jpg
This would be a huge help in my low volatility=potential breakout strategy.
Not an original idea I know but I can't see this kind of indicator anywhere. I've used the ATR but just not the same.
Thanks very much if you can help make it or point me in the direction of a similar indicator
http://picnac.com/images/9816Untitled 3.jpg