0_mortor_1.02[1]_test1

Download script
Author: Copyright � 2007 Tom Balfe
0_mortor_1.02[1]_test1

This tool is designed to help traders quickly determine the current "personality" of a financial market—specifically, whether the price action is moving in a clear trend or oscillating within a horizontal range. By identifying these conditions at a glance, the script helps you decide which trading strategy is most appropriate: using moving averages for trending markets or oscillators for ranging markets.

Core Functionality

The logic operates by pulling and analyzing data across multiple timeframes simultaneously. It evaluates five different time periods to give you a holistic view of market momentum:

  • Short-term: 5 Minutes and 15 Minutes
  • Medium-term: 1 Hour and 4 Hours
  • Long-term: 1 Day (optional)

How the Analysis Works

The script uses several technical metrics to categorize the market movement for each timeframe:

  • Momentum Strength: It calculates the strength of the trend using an ADX-style logic. If the momentum is high, it signals a strong trend; if it is low, it suggests the market is sideways (ranging).
  • Directional Bias: For the larger timeframes (1H, 4H, and Daily), the script compares "Plus" and "Minus" directional indicators. This tells the tool not just that a trend exists, but which way it is leaning—upward or downward.
  • Visual Indicators:
    • Color Coding: The script changes text colors based on market conditions. Typically, different colors represent bullish (upward) trends, bearish (downward) trends, or neutral ranging states.
    • Icons and Arrows: To make the data readable at a glance, it uses specific symbols:
      • Up/Down Arrows: Indicate a clear trend in a specific direction.
      • Squiggly Lines: These appear when the market is "ranging," signaling that there is no dominant trend and price is moving sideways.

Real-Time Monitoring

Beyond just trend analysis, the script includes two practical utility features:

  1. Spread Tracker: It monitors the current "spread" (the difference between the buy and sell price). It highlights this value in Green if it is within your preferred limits and Red if it becomes too wide, helping you avoid trading during high-cost periods.
  2. Multi-Timeframe Snapshot: Instead of forcing you to switch charts constantly, the script displays a horizontal dashboard of all the analyzed timeframes on a single screen. This allows you to see, for example, if a short-term trend is moving against a long-term daily trend.

Summary for the Trader

The ultimate goal of this logic is to provide "situational awareness." It removes the guesswork of interpreting complex charts by providing a simplified dashboard that answers three questions instantly:

  1. Is the market trending or ranging?
  2. In which direction is that trend moving?
  3. Is the current spread low enough to trade profitably?
Indicators Used
Movement directional index
15 Views
0 Downloads
0 Favorites
0_mortor_1.02[1]_test1 
//mortortest
//+------------------------------------------------------------------+
//|                                             Trending or Ranging? |
//|                                                     ToR_1.02.mq4 |
//|                                       Copyright © 2007 Tom Balfe |
//|                                                                  |
//| This indicator shows you whether a pair is trending or ranging.  | 
//| For trending markets use moving averages and for ranging         |
//| market use oscillators.                                          |
//|                                                                  |
//| It shows ADX values for multiple timeframes to help you          |
//| decide which trading technique to use.                           |
//| Sometimes you'll see short-term trends against the H4            |
//| and D1 trend.                                                    |
//|                                                                  |
//| It's up to you whether you trade in a ranging market. It seems   |
//| to me that trading with the long-term trend is best.             |
//| Having said that, the reason why I made this indicator is to     |
//| to let the trader decide at a glance what to do, or even to      |
//| do nothing. Staying out of a market is a position too.           |
//|                                                                  |
//| If you want to chat about FOREX my friends and I made an IRC     |
//| channel on Undernet called #forex.                               |
//|                                                                  |
//| Best of luck in all your trades!                                 |
//|                                                                  |
//| Version: 1.02                                                    |
//|                                                                  |
//| Changelog:                                                       |
//|     1.02 - added arrows, ranging icon, no zero space state       |
//|            for icons/arrows, spacing got messed up, now          | 
//|            fixed                                                 |
//|     1.01 - unreleased, reduced number of colors, functional      |
//|     1.0  - unreleased, too many colors for ADX values            |
//|                                                                  |
//|                   http://www.forex-tsd.com/members/nittany1.html |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2007 Tom Balfe"
#property link      "http://www.forex-tsd.com/members/nittany1.html"
#property link      "redcarsarasota@yahoo.com"
#property indicator_separate_window

int spread;
//---- user selectable stuff
extern int  SpreadThreshold=6;
extern bool Show_D1_ADX=true;

extern string  note_MoR_settings   = "TF=0; mamethod: 0=SMA, 1=EMA, 2=SMMA, 3=LWMA; Price = 0C 1O 2H 3L 4Md 5Tp 6WghC: Md(HL/2)4,Tp(HLC/3)5,Wgh(HLCC/4)6";
extern int  RSI_Period = 10;
extern int  RSI_Applied_Price = 0;//0=close, 1=open, 2=high, 3=low, 4=(high+low)/2, 5=(high+low+close)/3, 6=(high+low+close+close)/4
extern int  MA1_Period = 10;
extern int  MA1_Method = 1;// 0=SMA, 1=EMA, 2=SMMA, 3=LWMA
extern int  MA2_Period = 30;
extern int  MA2_Method = 1;// 0=SMA, 1=EMA, 2=SMMA, 3=LWMA
 


//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
   //---- indicator short name
   IndicatorShortName("ToR 1.02 ("+Symbol()+")");

   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
   //---- need to delete objects should user remove indicator
   ObjectsDeleteAll(0,OBJ_LABEL);
     ObjectDelete("ToR102-1");ObjectDelete("ToR102-2");ObjectDelete("ToR102-3");
     ObjectDelete("ToR102-4");ObjectDelete("ToR102-5");ObjectDelete("ToR102-6");
     ObjectDelete("ToR102-7");ObjectDelete("ToR102-8");ObjectDelete("ToR102-9");
     ObjectDelete("ToR102-10");ObjectDelete("ToR102-11");ObjectDelete("ToR102-12");
     ObjectDelete("ToR102-4a");ObjectDelete("ToR102-6a");ObjectDelete("ToR102-8a");
     ObjectDelete("ToR102-10a");ObjectDelete("ToR102-12a");
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {
   //---- let's define some stuff 
   // M5 data

   double adx_m5 = iCustom (NULL,5,"0_MoR2a",0,RSI_Period,RSI_Applied_Price,
               MA1_Period,MA1_Method,MA2_Period,MA2_Method,3,0);
   double di_p_m5 = iADX(NULL,5,14,PRICE_CLOSE,1,0);
   double di_m_m5 = iADX(NULL,5,14,PRICE_CLOSE,2,0);
   // M15 data
 
   double adx_m15 = iCustom (NULL,15,"0_MoR2a",0,RSI_Period,RSI_Applied_Price,
               MA1_Period,MA1_Method,MA2_Period,MA2_Method,3,0);
   double di_p_m15 = iADX(NULL,15,14,PRICE_CLOSE,1,0);
   double di_m_m15 = iADX(NULL,15,14,PRICE_CLOSE,2,0);
   // H1 data

   double adx_h1 = iADX(NULL,60,14,PRICE_CLOSE,0,0);
   double di_p_h1 = iADX(NULL,60,14,PRICE_CLOSE,1,0);
   double di_m_h1 = iADX(NULL,60,14,PRICE_CLOSE,2,0);
   // H4 data

   double adx_h4 = iADX(NULL,240,14,PRICE_CLOSE,0,0);
   double di_p_h4 = iADX(NULL,240,14,PRICE_CLOSE,1,0);
   double di_m_h4 = iADX(NULL,240,14,PRICE_CLOSE,2,0);
   // D1 data
   double adx_d1 = iADX(NULL,1440,14,PRICE_CLOSE,0,0);
   double di_p_d1 = iADX(NULL,1440,14,PRICE_CLOSE,1,0);
   double di_m_d1 = iADX(NULL,1440,14,PRICE_CLOSE,2,0);
   
   //---- define colors and arrows 
   color adx_color_m5,adx_color_m15,adx_color_h1,adx_color_h4,adx_color_d1;
   
   string  adx_arrow_m5,adx_arrow_m15,adx_arrow_h1,adx_arrow_h4,adx_arrow_d1;
      
   //---- assign color
   // M5 colors
//   if ((adx_m5 < 100) && (adx_m5 != 0)) { adx_color_m5 = LightSkyBlue; }
   if ((adx_m5 >100))  { adx_color_m5 = Lime; }
   if ((adx_m5 <=100))  { adx_color_m5 = Red; }
      
   // M15 colors
//   if ((adx_m15 < 23) && (adx_m15 != 0)) { adx_color_m15 = LightSkyBlue; }
   if (adx_m15 >100)  { adx_color_m15 = Lime; }
   if (adx_m15 <=100)  { adx_color_m15 = Red; }
   
   // H1 colors
   if ((adx_h1 < 23) && (adx_h1 != 0)) { adx_color_h1 = LightSkyBlue; }
   if ((adx_h1 >=23) && (di_p_h1 > di_m_h1)) { adx_color_h1 = Lime; }
   if ((adx_h1 >=23) && (di_p_h1 < di_m_h1)) { adx_color_h1 = Red; }
   
   // H4 colors
   if ((adx_h4 < 23) && (adx_h4 != 0)) { adx_color_h4 = LightSkyBlue; }
   if ((adx_h4 >=23) && (di_p_h4 > di_m_h4)) { adx_color_h4 = Lime; }
   if ((adx_h4 >=23) && (di_p_h4 < di_m_h4)) { adx_color_h4 = Red; }
   
   // D1 colors 
   if ((adx_d1 < 23) && (adx_d1 != 0)) { adx_color_d1 = LightSkyBlue; }
   if ((adx_d1 >=23) && (di_p_d1 > di_m_d1)) { adx_color_d1 = Lime; }
   if ((adx_d1 >=23) && (di_p_d1 < di_m_d1)) { adx_color_d1 = Red; }
   
   //---- feed all the ADX values into strings      
   string adx_value_m5 = adx_m5;
   string adx_value_m15 = adx_m15;
   string adx_value_h1 = adx_h1;
   string adx_value_h4 = adx_h4;
   string adx_value_d1 = adx_d1;
   
   //---- assign arrows strong up: { adx_arrow_ = "é"; } strong down: { adx_arrow_ = "ê"; }
   //                   up: { adx_arrow_ = "ì"; } down: { adx_arrow_ = "î"; }
   //                   range: { adx_arrow_ = "h"; }
   //                   use wingdings for these, the h is squiggly line
   
   // M5 arrows
//   if (adx_m5 < 23 && adx_m5 != 0) { adx_arrow_m5 = "h"; }
//   if ((adx_m5 >= 23 && adx_m5 < 28) && (di_p_m5 > di_m_m5)) { adx_arrow_m5 = "ì"; }
//   if ((adx_m5 >= 23 && adx_m5 < 28) && (di_p_m5 < di_m_m5)) { adx_arrow_m5 = "î"; }
   if ((adx_m5 >100)) { adx_arrow_m5 = "é"; }
   if ((adx_m5 <=100) ) { adx_arrow_m5 = "ê"; }
   
   // M15 arrows
   if ((adx_m15 >100)) { adx_arrow_m15 = "é"; }
   if ((adx_m15 <=100) ) { adx_arrow_m15 = "ê"; }
   
   // H1 arrows
   if (adx_h1 < 23 && adx_h1 != 0) { adx_arrow_h1 = "h"; }
   if ((adx_h1 >= 23 && adx_h1 < 28) && (di_p_h1 > di_m_h1)) { adx_arrow_h1 = "ì"; }
   if ((adx_h1 >= 23 && adx_h1 < 28) && (di_p_h1 < di_m_h1)) { adx_arrow_h1 = "î"; }
   if ((adx_h1 >=28) && (di_p_h1 > di_m_h1)) { adx_arrow_h1 = "é"; }
   if ((adx_h1 >=28) && (di_p_h1 < di_m_h1)) { adx_arrow_h1 = "ê"; }
   
   // H4 arrows
   if (adx_h4 < 23 && adx_h4 != 0) { adx_arrow_h4 = "h"; }
   if ((adx_h4 >= 23 && adx_h4 < 28) && (di_p_h4 > di_m_h4)) { adx_arrow_h4 = "ì"; }
   if ((adx_h4 >= 23 && adx_h4 < 28) && (di_p_h4 < di_m_h4)) { adx_arrow_h4 = "î"; }
   if ((adx_h4 >=28) && (di_p_h4 > di_m_h4)) { adx_arrow_h4 = "é"; }
   if ((adx_h4 >=28) && (di_p_h4 < di_m_h4)) { adx_arrow_h4 = "ê"; }
   
   // D1 arrows
   if (adx_d1 < 23 && adx_d1 != 0) { adx_arrow_d1 = "h"; }
   if ((adx_d1 >= 23 && adx_d1 < 28) && (di_p_d1 > di_m_d1)) { adx_arrow_d1 = "ì"; }
   if ((adx_d1 >= 23 && adx_d1 < 28) && (di_p_d1 < di_m_d1)) { adx_arrow_d1 = "î"; }
   if ((adx_d1 >=28) && (di_p_d1 > di_m_d1)) { adx_arrow_d1 = "é"; }
   if ((adx_d1 >=28) && (di_p_d1 < di_m_d1)) { adx_arrow_d1 = "ê"; }
   
   //---- defines what spread is 
   spread=MarketInfo(Symbol(),MODE_SPREAD);
    
   //----====>>>> creates text "Current Spread: "
   ObjectCreate("ToR102-1", OBJ_LABEL, WindowFind("ToR 1.02 ("+Symbol()+")"), 0, 0);
     ObjectSetText("ToR102-1","Current Spread:", 10, "Lucida Sans Regular", LightSteelBlue);
     ObjectSet("ToR102-1", OBJPROP_CORNER, 0);
     ObjectSet("ToR102-1", OBJPROP_XDISTANCE, 110);
     ObjectSet("ToR102-1", OBJPROP_YDISTANCE, 2);
   //---- creates spread number, Lime if less than threshold, Red if above it
   ObjectCreate("ToR102-2", OBJ_LABEL, WindowFind("ToR 1.02 ("+Symbol()+")"), 0, 0);
     if (spread<=SpreadThreshold)
     {
     ObjectSetText("ToR102-2",DoubleToStr(spread ,0),10, "Lucida Sans Regular", Lime);
     }
     else
     ObjectSetText("ToR102-2",DoubleToStr(spread ,0),10, "Lucida Sans Regular", Red);
     ObjectSet("ToR102-2", OBJPROP_CORNER, 0);
     ObjectSet("ToR102-2", OBJPROP_XDISTANCE, 215);
     ObjectSet("ToR102-2", OBJPROP_YDISTANCE, 2);
   
   //----====>>>> ADX STUFF
   //----====>>>> creates text "5 Min: "  
   ObjectCreate("ToR102-3",OBJ_LABEL, WindowFind("ToR 1.02 ("+Symbol()+")"), 0, 0);
     ObjectSetText("ToR102-3","5 Min:", 10, "Lucida Sans Regular", LightSteelBlue);
     ObjectSet("ToR102-3", OBJPROP_CORNER, 0);
     ObjectSet("ToR102-3", OBJPROP_XDISTANCE, 240);
     ObjectSet("ToR102-3", OBJPROP_YDISTANCE, 2);
   //---- create 5 min value
   ObjectCreate("ToR102-4",OBJ_LABEL, WindowFind("ToR 1.02 ("+Symbol()+")"), 0, 0);
     ObjectSetText("ToR102-4", " MoR "+StringSubstr(adx_value_m5,0,5)+" ",9, "Lucida Sands Regular",adx_color_m5);
     ObjectSet("ToR102-4", OBJPROP_CORNER, 0);
     ObjectSet("ToR102-4", OBJPROP_XDISTANCE, 280);
     ObjectSet("ToR102-4", OBJPROP_YDISTANCE, 2);
   //---- create 5 min arrow, squiggle if ranging
   ObjectCreate("ToR102-4a",OBJ_LABEL, WindowFind("ToR 1.02 ("+Symbol()+")"), 0, 0);
     ObjectSetText("ToR102-4a",adx_arrow_m5,9, "Wingdings",adx_color_m5);
     ObjectSet("ToR102-4a", OBJPROP_CORNER, 0);
     ObjectSet("ToR102-4a", OBJPROP_XDISTANCE, 345);
     ObjectSet("ToR102-4a", OBJPROP_YDISTANCE, 2); 
   
   //----====>>>> create text "15 Min: "
   ObjectCreate("ToR102-5",OBJ_LABEL, WindowFind("ToR 1.02 ("+Symbol()+")"), 0, 0);
     ObjectSetText("ToR102-5","15 Min:", 10, "Lucida Sans Regular", LightSteelBlue);
     ObjectSet("ToR102-5", OBJPROP_CORNER, 0);
     ObjectSet("ToR102-5", OBJPROP_XDISTANCE, 370);
     ObjectSet("ToR102-5", OBJPROP_YDISTANCE, 2);
   //---- create 15 min value
   ObjectCreate("ToR102-6",OBJ_LABEL, WindowFind("ToR 1.02 ("+Symbol()+")"), 0, 0);
     ObjectSetText("ToR102-6", " MoR "+StringSubstr(adx_value_m15,0,5)+" ",9, "Lucida Sands Regular",adx_color_m15);
     ObjectSet("ToR102-6", OBJPROP_CORNER, 0);
     ObjectSet("ToR102-6", OBJPROP_XDISTANCE, 420);
     ObjectSet("ToR102-6", OBJPROP_YDISTANCE, 2);
   //---- create 15 min arrow, squiggle if ranging
   ObjectCreate("ToR102-6a",OBJ_LABEL, WindowFind("ToR 1.02 ("+Symbol()+")"), 0, 0);
     ObjectSetText("ToR102-6a",adx_arrow_m15,9, "Wingdings",adx_color_m15);
     ObjectSet("ToR102-6a", OBJPROP_CORNER, 0);
     ObjectSet("ToR102-6a", OBJPROP_XDISTANCE, 485);
     ObjectSet("ToR102-6a", OBJPROP_YDISTANCE, 2); 
      
   //----====>>>> create text "1 Hr: "
   ObjectCreate("ToR102-7",OBJ_LABEL, WindowFind("ToR 1.02 ("+Symbol()+")"), 0, 0);
     ObjectSetText("ToR102-7","1 Hr:", 10, "Lucida Sans Regular", LightSteelBlue);
     ObjectSet("ToR102-7", OBJPROP_CORNER, 0);
     ObjectSet("ToR102-7", OBJPROP_XDISTANCE, 510);
     ObjectSet("ToR102-7", OBJPROP_YDISTANCE, 2);
   //---- create 1 hour value
   ObjectCreate("ToR102-8",OBJ_LABEL, WindowFind("ToR 1.02 ("+Symbol()+")"), 0, 0);
     ObjectSetText("ToR102-8", " ADX "+StringSubstr(adx_value_h1,0,5)+" ",9, "Lucida Sands Regular",adx_color_h1);
     ObjectSet("ToR102-8", OBJPROP_CORNER, 0);
     ObjectSet("ToR102-8", OBJPROP_XDISTANCE, 540);
     ObjectSet("ToR102-8", OBJPROP_YDISTANCE, 2);
   //---- create 1 hour arrow, squiggle if ranging
   ObjectCreate("ToR102-8a",OBJ_LABEL, WindowFind("ToR 1.02 ("+Symbol()+")"), 0, 0);
     ObjectSetText("ToR102-8a",adx_arrow_h1,9, "Wingdings",adx_color_h1);
     ObjectSet("ToR102-8a", OBJPROP_CORNER, 0);
     ObjectSet("ToR102-8a", OBJPROP_XDISTANCE, 605);
     ObjectSet("ToR102-8a", OBJPROP_YDISTANCE, 2); 

   //----====>>>> create text "4 Hr: "
   ObjectCreate("ToR102-9",OBJ_LABEL, WindowFind("ToR 1.02 ("+Symbol()+")"), 0, 0);
     ObjectSetText("ToR102-9","4 Hr:", 10, "Lucida Sans Regular", LightSteelBlue);
     ObjectSet("ToR102-9", OBJPROP_CORNER, 0);
     ObjectSet("ToR102-9", OBJPROP_XDISTANCE, 630);
     ObjectSet("ToR102-9", OBJPROP_YDISTANCE, 2);
   //---- create 4 hour value
   ObjectCreate("ToR102-10",OBJ_LABEL, WindowFind("ToR 1.02 ("+Symbol()+")"), 0, 0);
     ObjectSetText("ToR102-10", " ADX "+StringSubstr(adx_value_h4,0,5)+" ",9, "Lucida Sands Regular",adx_color_h4);
     ObjectSet("ToR102-10", OBJPROP_CORNER, 0);
     ObjectSet("ToR102-10", OBJPROP_XDISTANCE, 665);
     ObjectSet("ToR102-10", OBJPROP_YDISTANCE, 2);
   //---- create 1 hour arrow, squiggle if ranging
   ObjectCreate("ToR102-10a",OBJ_LABEL, WindowFind("ToR 1.02 ("+Symbol()+")"), 0, 0);
     ObjectSetText("ToR102-10a",adx_arrow_h4,9, "Wingdings",adx_color_h4);
     ObjectSet("ToR102-10a", OBJPROP_CORNER, 0);
     ObjectSet("ToR102-10a", OBJPROP_XDISTANCE, 730);
     ObjectSet("ToR102-10a", OBJPROP_YDISTANCE, 2); 
      
   if (Show_D1_ADX==true)
   {
   //----====>>>> create text "1 Day: "
   ObjectCreate("ToR102-11",OBJ_LABEL, WindowFind("ToR 1.02 ("+Symbol()+")"), 0, 0);
     ObjectSetText("ToR102-11","1 Day:", 10, "Lucida Sans Regular", LightSteelBlue);
     ObjectSet("ToR102-11", OBJPROP_CORNER, 0);
     ObjectSet("ToR102-11", OBJPROP_XDISTANCE, 760);
     ObjectSet("ToR102-11", OBJPROP_YDISTANCE, 2);
   //---- create 15 min value
   ObjectCreate("ToR102-12",OBJ_LABEL, WindowFind("ToR 1.02 ("+Symbol()+")"), 0, 0);
     ObjectSetText("ToR102-12", " ADX "+StringSubstr(adx_value_d1,0,5)+" ",9, "Lucida Sands Regular",adx_color_d1);
     ObjectSet("ToR102-12", OBJPROP_CORNER, 0);
     ObjectSet("ToR102-12", OBJPROP_XDISTANCE, 810);
     ObjectSet("ToR102-12", OBJPROP_YDISTANCE, 2);
   ObjectCreate("ToR102-12a",OBJ_LABEL, WindowFind("ToR 1.02 ("+Symbol()+")"), 0, 0);
     ObjectSetText("ToR102-12a",adx_arrow_d1,9, "Wingdings",adx_color_d1);
     ObjectSet("ToR102-12a", OBJPROP_CORNER, 0);
     ObjectSet("ToR102-12a", OBJPROP_XDISTANCE, 880);
     ObjectSet("ToR102-12a", OBJPROP_YDISTANCE, 2);
   }


//----
   return(0);
  }
//+------------------------------------------------------------------+

Similar scripts

ToR_1.02

This indicator visualizes real-time trend strength and direction across multiple timeframes simultaneously using ADX thresholds to differentiate between active momentum and stagnant consolidation.

ToR_1[2].02

This indicator synthesizes ADX values across multiple temporalities to distinguish between high-velocity trending phases and low-momentum consolidation zones.

(T_S_R)range2 _new

This indicator calculates multi-period daily price ranges to project potential overhead room and determine automated stop-loss levels based on a user-defined risk-to-reward ratio.

(T_S_R)range2

This indicator calculates multi-period daily price ranges to project potential volatility and dynamically determine risk-adjusted stop-loss levels based on a user-defined reward-to-risk ratio.

ToR_1.10

This indicator analyzes Average Directional Index (ADX) values across five distinct timeframes to distinguish between trending and ranging market states, utilizing visual cues for momentum strength and directional bias.

(T_S_R)-Daily Range Calculator

This indicator calculates rolling average daily ranges across multiple timeframes to project real-time potential price movement and determine risk-adjusted stop-loss coordinates.

(T_S_R)-Daily Range Calculator

This indicator calculates multi-period daily price ranges to derive an average volatility metric, projecting potential room for movement and suggesting optimal stop-loss levels based on a user-defined risk-to-reward ratio.

NUGROHO_V3_v1

NUGROHO_V3

#00CURRENT PRICE1

_2523(T_S_R)-Daily Range Calculator _v1

This indicator calculates multi-period historical daily ranges to project dynamic stop-loss levels based on a user-defined risk-to-reward ratio and current price proximity to daily extremes.

Comments