OK - probably a caveman could do it but I can't :fear:
Looking for an indicator to do the following... sort of a fib cluster indi
Maybe this indi already exists but I do not know of it.
I would like to search back through a certain time frame (adjustable by bars or time) and find all instances of close price (selectable > close,open, high, low, typical, or median) being the same (or within an adjustable tolerance of ticks or percentage). The amount of times this happens that you are searching for should be adjustable from 2 to whatever over the defined time period. When you find this confluence of price. the indi draws a horizontal line and a horizontal line at fib extensions above and below this point (configurable for colors and on/off, etc)
I think this would be an interesting indi and would possibly find some very relevant areas of support/resistance. I am currently doing this manually and it is working very well. Hat tip to Gio. :becky: