Sliding multi-taymfreymovy narrowing volatility indicator ID / NR.
1. External variables:
extern int TF = 15 , / / Number of candles emulate the older, perhaps a custom TF
extern int NR = 4 , / / Number of candles older FFs, among which we seek inner candle
extern bool UseAlert = false ; / / Use the alert.
2. The appearance of the signal (ARROW) indicates a state ID / NR (by L. Raschke). In this case (the default setting) – this means that the last TF = 15 bars formed the current timeframe are very narrow price range of the TF * (NR = 1), TF * (NR = 2), TF * (NR = 3) and TF * (NR = 4) in the last TF * NR = 15 * 4 = 60 bars. In addition, the range of the last 15 bars is internal to the range of the previous 15 bars. Zero bar is not considered.
3. Indicator line (LINE) – similar to the Donchian channel line and show the corresponding volatility. There is a middle line.
4. Indicator line (SECTION) to connect the history of the moments of the signal (ARROW).
Possible application:
The indicator was developed based on the use of a systems breakdown on strategies similar to the strategy of “inside day ID/NR4″. It can be used on smaller timeframes, “mimicking” the senior timeframe, with sliding and arbitrary, such as 156, 32 ...
Of the channel can be used as target levels, as well as for maintenance positions.
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