Tuesday, October 9, 2018

Return Price Bar

Return Price Bar


The indicator is created based on the Transient Zones strategies, which basically involves determining the specific market areas in which the price remains quite a bit of time. The basic assumption in the development of the indicator, is that if the price comes precisely in this area, then it is this bar has a special significance for the development of a trading strategy.


With this version, you can clearly see the location of basic bars on the main price chart. Thus highlighted prices that are unique (maximum or minimum) for the previous N bars.




Main settings



  • Type extremes candles - type of prices from which the calculation will be done - from the body or the shadow of a candle;

  • Max candle looking - the number of previous bars to view;

  • Point Plus Arrow - vertical shift in paragraphs for displaying dots on the chart;

  • Is Alert - the possibility of filing messages when a min / max bar.


Return Price Bar

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