Project a given range off the Open,High,Low OR CLOSE from the previous candle.
The range would could be defined by the previous candles OHL or close +/- X Pips, ATR or %.
Basically it would be like BoxPrice.lua except it would project to the right.
(BoxPrice with 1 period Chosen is perfect for how this indicator should look for 1 period)
Instead of the range being off of the current candle close, like BoxPrice, it should be off the previous candle.
(User should be able to pick OHL or C for it to be calculated from). Some guys might want to run it off the high or low as a pivot.
Users should be able to choose if the close previous close price also gets a line.
Users should be able to pick the color of each line
Users should be able to pick the color and depth of shading.
Users should be able to pick how many periods to the right it goes.
The user should be able to choose the range +/- by pips, ATR or %
An alert should go out if top or bottom range is breached.
Ideally you should be able to run this with say a 5min chart against a 1hr. Thus you would see a big shadow range off the hourly close plus or minus the hourly atr for say 12 bars( 5 min bars needed to make an hour under a user defined color and % shading). Then the 5min candle would have a small range projected with a separate user defined color and shading.
Thanks guys!
