Which indicator is this?

Hi all

Lots of people seem to use the indicator shown in the top right corner of the main screen shown below.

I've had a bit of a search but I can't figure out what it is.

Does anyone know what it is and where I can get a copy (un-compiled if possible)?

Many thanks
olpip

It is the signal bars by cja over at forex-tsd. Go there and you will find it.

Perfect, thanks very much. I'll take a look.

olpips

You might like to start here:
http://www.forex-tsd.com/tools-utili...l_bars_v7.html
http://www.forex-tsd.com/tools-utili...on-helper.html

Can you explain what do "Pips to open", "Hi to low" and "daily av" settings on those mean?
What time is that indi taking for day open? is there a setting for that?
Regards

I didn't write the indicator, so the following is my best guess only.

The "day open" is midnight according to your MT4 broker's time.

"Pips to open" is the number of pips (or 1/10 pips, if your broker quotes in 5/3 decimal places) price has moved up/down since that time (positive value = up, negative = down).

"Hi to low" is the number of pips between the highest and lowest price since the daily open (i.e. today's daily range up until now).

"Daily ave" is the average daily range for the last X days. I don't know what the value for X is.

I recently posted my own version of this indicator here. This one posts the values as pips, regardless of the number of decimal places used by the broker, and also displays price rounded to 4/2 decimals, because I've always found the extra digit confusing.