by Zalabia » Tue Apr 09, 2013 9:50 pm
Hi Apprentice,
I need an indicator which is similar to this one. The indicator name is "Relative Aggression Bars".
The indicator will highlight 6 types of bars with different colours, the rest of the bars will be grey coloured.
Level (I) long Aggression Bar: will be coloured light green and based on a percentage up of the price change or the average true range or volume, or mix of two or the three of them.
Level (II) long Aggression Bar: will be coloured dark green and based on higher percentage up of the price change or the average true range or volume, or mix of two or the three of them.
Level (III) long Aggression Bar: will be coloured very dark green and based on higher percentage up than level (II) of the price change or the average true range or volume, or mix of two or the three of them.
Level (I) short Aggression Bar: will be coloured light red and based on a percentage down of the price change or the average true range or volume, or mix of two or the three of them.
Level (II) short Aggression Bar: will be coloured dark red and based on a higher percentage down of the price change or the average true range or volume, or mix of two or the three of them.
Level (III) short Aggression Bar: will be coloured very dark red and based on a higher percentage down than level (II) of the price change or the average true range or volume, or mix of two or the three of them.
When level (III) aggression bar appears a short horizontal line will be drawn at the high and the low of the bar, they will work as support and resistance.
Regards,