A signal indicator of daily ranges. It is based on indicator Range Contraction.
It displays in a separate window the ratio between today's and yesterday's ranges. It marks with signal pointers the narrow range points (under the specified value).
There are three adjustable parameters:
if RC < Threshold:
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/21109
Oscillator PAIN (Price Action Indicator).NV
NV (Natenberg's Volatility) - Sheldon Natenberg's historical volatility indicator.