With a lot of request to your suggestion,if it alert (i suppose print red color text on chart) once and then quit and or if alerting frequently on all two side up/down movement,what you will be decide and how,at the end you have to look at candles/bars what they saying or doing,to which direction ...... candles already doing same thing with big/short size at every TF.
That indicator is simply showing the pips size of the current bar. Nothing else
Ah! Would it be possible to recreate it in MT4? Would love to have it to display on our charts and alert each time the pip size in the 1M is above a chosen number for us please?
Please if it's not too much trouble!
The effect is the same as when you use ATR(1)
I was wondering if you or anybody recognizes this indicator
and has a more stable version. I don't have the source file but it looks like a TMA and it repaints a lot. I'm looking for some channel indicator to use on Renko.