Linear Price Bar

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Hi all,

Here's an "indicator" I put together the I call Linear Price Bar (LPB). It's just another way of looking at price. It plots price on a line and makes it easy to see volitility. It also makes it easy to see the bulls/bears "battle" for each bar.

I'm working on another volitility breakout indicator that uses the LPB and is based on an idea from Larry Williams . I'll post it later when I'm done tinkering. (This is different, but similar, to the Volitility Expansion thread) I think a lot of different studies could be made using this.

Two indicators are attached

1) Linear Price Bar.mq4

2) #MTF_LPB.mq4 (Multi TimeFrame)

Both need to be in the indicators folder if you want to use the MTF version as it references the orginal indicator.

Let me know what you think.

Keris

Here's a pic...

[fxt]

nice indicators

[Pecunianonolet]

Very nice alternative perspective!

[fxbs]

correlation this (mayby): MAMy (digital filter); green line crosses 0 -buy/sell signal, red crosses 0 - stop(tp)

[fxbs]

hm, nice junk filter

LPB ind signal filter

[Nicholishen]

https://www.mql5.com/en/forum/176231

This IND has a bar formation mode which allows you to watch lower TF bars form on the higher TF charts as the actually prices. ... just a little bit of a different take.