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Hi,
I have a question regarding the programming into an indicator of the spread of the candlestick. Specifically the high and low of that bar.
What I want is a way for the indicator to be able to detect what is a wide spread bar vs average spread bar vs low spread bar.
The problem of calculating the average spread is that during a volatile period the average spread is high and in non volatile period the average spread is lower. So a bar which could be termed as a wide spread bar in non volatile times could become a average or even narrow spread bar in volatile times.
Any suggestions that can be applied to programming of an indicator?
Thanks,
- forexmm