I do not know, if this kind of indicator exist all ready, but this is how it should work.
After first minute close, at Daily Open, indicator should draw two vertical lines, up and down, after let`s say 20 Daily Average range.
Let`s say for example that GBPJPY 20 Days Average Range is 170 pips, so after that first minute close, two lines one up and one down 170 pips distance.
In picture only can show upper line, lower line is so far away so we can`t see that.
