Is there an indicator that will show the maximum retracement movement in pips (not squiggly lines) from the time price started retracing until it came back to the same point ?
it should only have a small display showing the value and preferably a drop down box to display the values of the last X number of retracements it has counted
it would have to have variables to cut out noise so that you could set:
ignore retracement of less than X pips or points
reset the maximum after X number of bars on the chart is attached to
This should be a great help in deciding the size of a trailing stop
thanks
DT
it should only have a small display showing the value and preferably a drop down box to display the values of the last X number of retracements it has counted
it would have to have variables to cut out noise so that you could set:
ignore retracement of less than X pips or points
reset the maximum after X number of bars on the chart is attached to
This should be a great help in deciding the size of a trailing stop
thanks
DT
Lets go grab some PIPS