Many thanks (again!) to Zen Leow for my Impossible Indicator back in February. I hope I'm just as fortunate with this new idea:

This indicator calculates the average range of one set of back bars in pips(Stage One), then compares a second set of back bars to that number in percentages (Stage Two).

For example, the One/Two stage settings are 30/3. So first it calculates the average range of the past 30 bars IN PIPS, then calculates what PERCENTAGE of that range is used up by just the last 3 bars (including the current open bar).

So in use it might read 45/28%, meaning that the last 30 bars had an average range of 45 pips each, and that the average of the last 3 bars comes to 28% of that.

Notes:

1. This is an indicator not an EA.

2. It needs to work with any time frame, pair, or broker.

3. The two variables should be able to go as high as 500 bars.

4. Results are displayed on the chart in the upper left-hand corner like so: "30 BAR AVERAGE: 45 pips; 28% LAST 3 BARS".

Many thanks in advance!

This indicator calculates the average range of one set of back bars in pips(Stage One), then compares a second set of back bars to that number in percentages (Stage Two).

For example, the One/Two stage settings are 30/3. So first it calculates the average range of the past 30 bars IN PIPS, then calculates what PERCENTAGE of that range is used up by just the last 3 bars (including the current open bar).

So in use it might read 45/28%, meaning that the last 30 bars had an average range of 45 pips each, and that the average of the last 3 bars comes to 28% of that.

Notes:

1. This is an indicator not an EA.

2. It needs to work with any time frame, pair, or broker.

3. The two variables should be able to go as high as 500 bars.

4. Results are displayed on the chart in the upper left-hand corner like so: "30 BAR AVERAGE: 45 pips; 28% LAST 3 BARS".

Many thanks in advance!

" Average traders look to the left, great traders look to the right."