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Has anyone coded these indicators?
Started:January 15th, 2010 (06:33 PM) by solom113 Views / Replies:2,076 / 10
Last Reply:July 21st, 2012 (05:33 PM) Attachments:3

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Has anyone coded these indicators?

Old July 21st, 2012, 05:33 PM   #11 (permalink)
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phil View Post
Here is an idea for an indicator.
When range bars are being completed at a fast rate it is usually indicative of market movement in that direction.
A handy indicator would show the speed--perhaps in color---of range bar formation.

red- very slow
pink- slow
gray- medium
light green-fast
dark green-very fast

perhaps a color bar in a sub-graph

Have you taken a look at Aligator's GradientColorbars?


They don't take the speed of the bar into account, but thought you might want to put them on a chart & see if they help.

After all, it's what you learn AFTER you know it all, that counts!
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