Hi,
I am wondering if anyone has an indicator that draws a box around x bars with a maximum range of y.
lets say we are on a 1m chart and we set it for 5 bars with a high/low range of 5 (or 50) pips it then draws a box around the five bars that have moved a total of less than 5 pips. The highest high of the 5 bars is within 5 pips of the lowest low.
I am looking to highlight a ranging market so I guess an alert would be nice, but I can live without one.
Thanks in advance
I am wondering if anyone has an indicator that draws a box around x bars with a maximum range of y.
lets say we are on a 1m chart and we set it for 5 bars with a high/low range of 5 (or 50) pips it then draws a box around the five bars that have moved a total of less than 5 pips. The highest high of the 5 bars is within 5 pips of the lowest low.
I am looking to highlight a ranging market so I guess an alert would be nice, but I can live without one.
Thanks in advance
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