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Return Price Bar

The indicator is based on the Transient Zones strategy, which involves determining certain areas of the market, where the price stays for a little time only. The main assumption during the indicator development was that if the price enters such a zone, then that bar has a special meaning when developing a trading strategy.

This version allows to clearly see the location of the basic bars on the main price chart. The unique (maximum or minimum) prices for the previous N bars are highlighted this way.

Main Parameters

  • Type extremes candles - price type for calculations - the body or wick of the candle;
  • Max candle looking - the number of previous bars for scanning;
  • Point Plus Arrow - vertical shift in points to display the points on the price chart;
  • Is Alert - display alerts when a minimum/maximum bar appears.
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