This indicator utilizes the Narrow Range 7 concept . This concept says that if the seventh candle is the one with the smallest range, that is, the smallest difference between maximum and minimum of all 7 candles. The indicator marks this candle with two markers and waits for a breakout to happens in the next 6 candles. It's called "timeframe" because if in the next 6 candles the breakout not happens, it will remove all marks on candle. If it exceeds 7 times the timeframe, it also will remove the
Weiss Wave with lots of functionality and lightweight. The same can be used both in markets that have access to volume (REAL=Contracts, Tick=Business) or points!
You will be able to:
- Analyze the volume of the market by swings made!
- Define the source of the data presented in the graphic, its size and color! Or simply hide this information!
- Define whether or not to show the swings in the graph and how many swings! In addition to setting the trend line color, thi