I think i have good idea for such indicator, but unfortunatelly i can't write indicators... But maybe someone will know how to do that 
Here's idea:
The base are 2 indicators - support resistance (white dashed line on a chart, value is 6- shows min/max from 6 last bars) and atr (everyone know whats that).
My idea is that this indicator will draw 2 lines in some distance from support resistance (distance based on atr) as it is shown on the chart.
Aim is to not enter long if price is under blue line and short if price is above red line.
I have noticed that 1,5atr filter is a good filter in flat trends.
There should be at least 3 parameters:
1) atr period
2) atr percentage parameter (for ex. 1.5 when line is suppose to be in distance of 150% of atr)
3) support resistane period (how many bars to include in min/max search)
I hope everything is understandable. Sorry for language
Cheers
Here's idea:
The base are 2 indicators - support resistance (white dashed line on a chart, value is 6- shows min/max from 6 last bars) and atr (everyone know whats that).
My idea is that this indicator will draw 2 lines in some distance from support resistance (distance based on atr) as it is shown on the chart.
Aim is to not enter long if price is under blue line and short if price is above red line.
I have noticed that 1,5atr filter is a good filter in flat trends.
There should be at least 3 parameters:
1) atr period
2) atr percentage parameter (for ex. 1.5 when line is suppose to be in distance of 150% of atr)
3) support resistane period (how many bars to include in min/max search)
I hope everything is understandable. Sorry for language
Cheers
