I just want an indicator that forms a box. This box is basically for separating ranging areas of the chart from the moves. So for example, all candle highs below a certain level and all candle above a certain level would be in a box. When price breaks out of the box, I get an alert.
This bow would not be static, set between certain hours, but would appear when the ranging candles appear. And then would began again when the ranging conditions come back.
Put another way. Price is moving along and then say three or four candles are within a certain range a box is formed. The box remains, say it is a 15 pip box, all candles within that range will stay in the box until a certain candle breaks out of the box. Hope this makes sense. Thanks for any help.
This bow would not be static, set between certain hours, but would appear when the ranging candles appear. And then would began again when the ranging conditions come back.
Put another way. Price is moving along and then say three or four candles are within a certain range a box is formed. The box remains, say it is a 15 pip box, all candles within that range will stay in the box until a certain candle breaks out of the box. Hope this makes sense. Thanks for any help.
If it were not so, I would have told you...
