This tool will provide you the average daily range statistics over a given sample period. Here's what the data provides: -Over a given sample period what the ADR was for both up & down days -It counts the number of down days (red candle) & the number of up days (green candle) from the sample period -It counts the number of times the high is set 1st on a down day (red candle) -It provides the number of average hours it takes to set the high on a down day (red candle) -It provides the average upper wick values & candle bodies for a down day (red candle) -It provides the ADR for the down days (red candle) over the sample period -It counts the number of times the low is set 1st on an up day (green candle) -It provides the number of average hours it takes to set the low on an up day (green candle) -It provides the average lower wick values & candle bodies for an up day (green candle) -It provides the ADR for the up days (green candle) over the sample period -It has an optional buy level with stop loss & take profit target based of the average wick values -It has an optional sell level with stop loss & take profit target based of the average wick values -It has an optional dashboard view for up to 23 currency pairs The indicator cost $50. I can accept payment via paypal at txfxtrader@gmail.com
Out of the last 5 up days (green candles) out of 10, only 40% put in a low before reversing & going higher. For the last 5 down days (red candles), 100% put in a high before reversing & going lower.
What about other 60% ? They still have low of the day. What is your definition of "put in a low before reversing"
If a low was made after the 00:00 GMT candle (1hr candle) close and then reverses I refer to that as putting in a low before reversing. The other 60% made a low within the 1st hour.
is there any degradation in performance of platform when indicatior running? Do you need to open charts for all these pairs? Any particular timeframe? do i get source code with the purchase ?