This may be foolish or impossible but here goes...

I have an idea for scalping one or more candles after signal candle closes.

The idea consists of a script or indicator that takes a new candle and uses every tick (I guess) to count how many times a new high is made and how many times a new low is made (starting with the open price) for the duration of the candle and shows the result after close.

My idea is to trade in the direction with the most new highs/lows. The reasoning is if a candle is making more new highs than lows then we trade long on next candle. It may turn out that going in the opposite direction may be the better way.

We could have a situation where we get a bearish candle that has been making new highs all candle and then makes one new low and closes bearish and maybe going long would be the right move. This will need testing to figure out.

I find this intriguing.

This should be able to be tested on any TF.

Again this may be an idea that goes nowhere...but you know how it goes when you get an idea...you have to flesh it out and see where you end up.

If anyone is willing to help create this I would be grateful.

Thanks, Chris.