Indicator that needs debugging

The Indicator will calculate based on proprietary formulas and conditions of the FOREX-SPOT market the entries for LONG and SHORT positions.

The preferred attachment of this Indicator is on an hourly chart.
In addition the Indicator provides information regarding daily averages:

Average – Average Range, a stronger calculation than the ATR (Average True Range). I use more than 10 days of data.

Y/DAY – Yesterday’s PIP movement. This field gives you the range of PIPS contains yesterday’s cycle. The value is embedded in the calculation of this Indicator.

T/DAY – Today range which is basically the LOW minus HIGH. Note after 5:00 PM EST a new business is created in the FOREX market.

Spread – The difference between the BID and the ASK price of a security or asset.

Critical note: If “T/DAY” value is greater than “Average”, it will start blinking and paint the value in orange color. That means to you as a trader, initiating a trade is more risky. In times it is better to stay away from the market. You don’t have a trade because today range is more than Average range!

No BUY/HOLD and/or SELL recommendations!