Hello Forex Station,
I love volatility contractions and expansions (a lot there to glean as a trader)
But this indicator does not wait for the close of the candle before it gives the signal.
It will give the signal based on the candle open (which 99% of candles open inside the previous one).
Even when the candle closes and it is NOT a narrow range inside candle (NR4/ID) it will keep the candle painted with the square-shaped wing-ding.
Please help us traders out here as I cannot find this indicator in proper form.
P.S. This indicator came from a volatility thread here on this forum. I would just like some help in making it better for everyone.
Please and Thank You.
Many thanks.