I was wondering if there is an indicator that would draw an arrow above or below a bar, when the bar has closed in the top or bottom 25% of the range. It would have to be developed to recognize when a bar closes in the top 25% or the bottom 25%. It could be any time frame, day bar close, 4 hr close etc. It could be used on any time frame. I would like to see when the bars close near the high or near the low and an arrow would be a great visual tool. For instance when a day bar closes in the top 25% of the range the arrow would point up in the direction of the close. And vise-versa for a down close.
Thank you in advance for what you do to help traders succeed.