I've been thinking how knowing the precise timing and the price of the high and low of a bar will help us not only in quickly identifying the support and resistance, and also the behavior of price action in the smaller time frame. This way you don't have to see the smaller time frame to check whether the price goes up or down first from opening, and to closing.
I won't help much on 1M chart, but I think it would help determine the micro trend within a bar, from 1H up.
I've been trying to find this very simple indicator on the net and on the forum to no avail. Anyone knows where we can get this, or knows how to build it from scratch?
I won't help much on 1M chart, but I think it would help determine the micro trend within a bar, from 1H up.
I've been trying to find this very simple indicator on the net and on the forum to no avail. Anyone knows where we can get this, or knows how to build it from scratch?