I often used to loe do my sorrow, a good looking trade oportunity turned into a terrible one. Because while dabbling on the smaller timeframes (M5 up to M30) I didn't realise the pips variance was so LOW.
So I made a simple indior to keep it visible.
Http://docs.google.com/View?id=dddphpjg_17gf2zwmdg
The yellow lines are the high and lows observable on the chart, and the numbers are the number of pips out of Bid to High and Low respectively.
When the Bid is at the lower half of the High/Low range, the Bid Line reveals Red, if it's in the top half it reveals Blue. When it's pushing new High's, it's Aqua, and if it's pushing new Low's it's Lime.
The Black Lines and numbers cover the range (the values vary based on how big the range is)
It works in the MBT Mt4 platform as well as the 4 Digit MT4's.
Attatched Below are a pic of the indior and the indior as well.
ps. Please feel free to share that info, if everyone can show me a simpler method of placing the text in the right positions.
Blue Mental
https://www.nigeriaforextrading.com/...1766800857.mq4