Hello,
I am looking for some indicator that will count price amplitude in a special way... All indicators I have found counted amplitude of every bar (hi-low, shadows etc.) but I am looking for sth that will tell me what was the "real" amplitude of every price movement ...
"real" means to me ..... hmmm .... 1 week candle consists of 6 days ... 1 day of 24 hours and so on .. If we look at weekly chart and see a big move for 1000 pips we can look on a daily and see that while moving for this 1000 pips price moved up and down few times and have done 2000 pips amplitude ... and I would like to count what was the amplitude of this move even on 1 minute chart
please see the atach. - within 18 hours price moved for 64 pips .. but I would like to count amplitude of each 30 minute bar and ADD it together ... not multiply average amplitude of 30m bars
I hope You understand what I mean
.. my english ..sorry