Active times

[Hailkayy]

User may not know when exactly to trade.
Let's ease the process.

Period : (0 is all chart data)
Threshold : (pips, ticks)
Highlight : Y/N

In order to trade active markets indicator will look for long candles (showing activity)

Example : user may only look for candles that have a lenght of 25 ticks +.
Algorythm will search for it and discriminate all candle that lenght is below 25 ticks.
Algorythm will spot that candles over 25 ticks happen [b]mainly between "x hour and y hour" (it has to search when those candles happen, on average).
Algorithm will display result on chart i.e "6pm - 8pm"[/b]

Meaning the next active time, where the candles will be 25ticks + of lenght will be between 6pm and 8pm of the next period.

Highlight will color the candles in past and future that match the threshold.
This way user will not trade during low activity time.
This indicator may also serve to those who prefer calm markets, they will trade the candles that are not highlighted (outside of the time that will be written by the indicator).

Result display on chart : "Next : X pm/am - Y pm/am"

Thanks.

[Apprentice]

Your request is added to the development list,
Under Bugzilla Id Number 3580

Bugzilla is developer internal requests database.
If someone is interested to do any task from this list please contact me.