how close is so close ??

New comment
 

hello

i need your ideas on this

lets say i want to estimate that the price is close to an object , not inside it , but close .

measuring the distance visually is easy

i can say , yes the price is close to the box . but calculating it always get me different results for different symbols

points, pips, %of price , doesn't seem to work as it should


any ideas ?

 
% of price or % of daily range or % of atr is surely the best thing.

This will work efficiently on all symbols regardless of their tick size and value.

Ideally, at least in my opinion, around 5% of daily range is the needed tolerance i use near levels. 

Of course it can also depends on the chart timeframe, so using atr of the current timeframe can be more effective than daily range in some situations 
 
Ahmed_Fouda: not inside it , but close .

Until you can state your requirements in concrete terms, it can not be coded.

 
Ahmed_Fouda:

hello

i need your ideas on this

lets say i want to estimate that the price is close to an object , not inside it , but close .

measuring the distance visually is easy

i can say , yes the price is close to the box . but calculating it always get me different results for different symbols

points, pips, %of price , doesn't seem to work as it should


any ideas ?

Draw a fibo from your object to Lowest or highest candle price, then add an alert for 0.1 or 0.2 level in fibo tool to know when price comes nearest to your object

New comment
Reason: