Trading Range Indicator
by Trader Rich
I've found this text-based trading range indicator to be quite valuable in my technical analysis. Here is a picture of it on my charts:
This shows the daily range in pips for today, yesterday, the average over the previous 5 days, 10 days, and 20 days. It also shows the stop losses you might use if you want to set it at 1/2 or 3/4 of the average daily range.
It's particularly useful in guessing whether a momentum trade has the potential to continue or not.
If your interested in checking it out for Metatrader, you can download it here.