Indicators: StopDistance - bar range in points with a suggested stop level
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StopDistance - bar range in points with a suggested stop level:
Shows the range of every bar in points, its moving average (SMA or EMA) and a suggested stop distance (average x factor). A stop tighter than the typical bar range gets taken out by ordinary noise; the indicator makes that threshold visible in points, the same unit a stop loss is set in.
Author: Bohdan Klok