Banzai wrote: Tue Apr 12, 2022 3:35 am
Inside Bars
or Inside Candle
Released date: March 16, 2022
Coder: FXCodeBase dot com
You are an extra-ordinary human being . Great visualisation job. Very useful for a risk-averse retiree like me who scalps for daily income.
Totally dependent on visual chart clues rather than any indicator, oscillator or technical or fundamental analysis. I trade only during congestion period. I totally avoid breakouts. Can you kindly modify the indicator to include three different coloured candles based on thresholds defined by the user in Pips Heights for (a) Huge Breakout or Outlier - maybe 120 pips (b) Trending (may be 60 pips) (c) High congestion - 30 pips (d) Tiny Range - less than 10 pips . Similarly, a box indicator is purely based on a user-defined threshold to mark the Width of Candles with thick horizontal lines . I am not looking for renko or thick layer shadow as such. Just simple lines are drawn for analysis purpose .
Armed with these two Height and Width indicators and a Sempaphor ( or 4 fractals) I will be able to scalp easily. I will depend on signals given by my brain rather than by an indicator using moving averages. Thank you.