Trading Range Indicator

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.

Forex ADR indicator 28/12/2006,10:30 13.35 Kb.

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