Disliked{quote} No Problem Coffee.Lover ....... Thanks a lot for your kindness ...... Can you please create a Mt4 Indicator based on a simple condition ...... Original Criteria was this : 1) A bar whose entire range exceeds the last 10 bars by at least 2.5 to 3 times 2) A bar that exceeds the previous bars range. For condition 1 a green dot should appear under the bar For condition 2 an red dot should appear under the bar The person gave another explanation : 1) Lets consider the previous 10 bars 2) Each of those bars had a range of 3 points to 25 points...Ignored
Here you go! I've given an option for the ATR Period and the multiplier (you can set to 2.5 or 3 or whichever parameter you desire). Regarding the second condition, I presumed you meant that the the current bar range is greater than the previous bar range? I'm honestly not sure what the point is of the second condition, since it is valid almost every other bar; thus, you end up having many red dots.
Let me know if you need any changes to this indicator, my friend.
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rpasupathy (#2).ex4
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