Hi there dear friend apprentice, here is a simple indi that might be useful for taking trades called ORB (opening range breakout). For that we need to know the stretch, which is defined as follows:
"The stretch is determined by looking at the previous ten days and averaging the sums of the differences between the open for each day and the closest extreme to the open on each day".
What I understand by that is that first we calculate the difference between the open and the closest extreme to the open (which will be the high or the low of the day). Do that for 10 days. Sum the result from all 10 days then divide by 10.
The indi could be just a text in the corner of the screen saying Stretch: 20 for example.If we could drag it around, better.
If you think it is possible, thanks! I am sending you the book via PM.
Cheers!