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Pips Average Range

1

This indicator compares the pips of the current day with the average of pips made in the previous three days.

The "Percentage today range" is red if today's figure is less than the range of the previous three days, but turns green when the percentage exceeds 100%.

When the range exceeds 100% there are good trading opportunities because we are in the presence of increased volatility of the past three days.

Best use with Banks Day Levels indicator.


Parameters settings

  • corner (indicator display position): 0 - corner upper left; 1 - corner upper right; 2 - corner bottom left; 3 - corner bottom right.
  • Alert_Notification: Alert when the percentage exceeds 100%.
  • Push_Notification: Push notification on mobile device when the percentage exceeds 100%.
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This ALL IN ONE indicator detects Inside Bar Narrow Range 4 and Inside Bar Narrow Range 7 two powerful patterns on 17 CFD on all timeframes.  "Inside Bar Narrow Range 4"  is an inside bar with the narrowest range out of the last 4 bars so "Inside Bar Narrow Range 7" an inside bar with the narrowest range  out of the last 7 bars. Hence, IBNR4 and better IBNR7 are an objective criterion for identifying  decreased range and volatility. Once we find an IBNR4 or an IBNR7 pattern, we aim to trade th
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This indicator provides useful information for quantitative analysis. The indicator compares the 28 pairs' pips of the current day with the average of pips made in the previous three days. When in the last three days the pips value is low and the value of today's pips is below, we are in the presence of a volatility compression that will explode soon. The "Range Today" is red if today's figure is less than the range of the previous three days, but turns green when the percentage exceeds 100%. Wh
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This indicator detects IDRN4 and IDNR7 two powerful patterns on 28 pairs on new daily bar. IDNR4 is the acronym for "Inside Day Narrow Range 4" where "Inside Day" is a lower high and higher low than the previous bar and "Narrow Range 4" is a bar with the narrowest range out of the last 4 bars so "Narrow Range 7" out of the last 7 bars. Hence, ID/NR4 and better ID/NR7 are an objective criterion for identifying days of decreased range and volatility. Once we find an ID/NR4 or an ID/NR7 pattern, we
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Auswahl:
jmhuang
3020
jmhuang 2021.01.11 18:10 
 

hugely overpriced for the information provided by the indicator - there are many indicators like these giving way more information in the internet and for free. AVOID

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Version 1.3 2020.03.24
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Version 1.2 2020.03.24
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