Hi all,
Here is another quite simple and efficient indicator. It's basically point & figure projected to the chart as a channel (with adjustable size - below is 50/100 and one with many different wide channels on same price).
If you look at the channel, it's also always located at solid levels, if you use 50 point pipsMove then it's always at solid 50 levels, if you use 100 points, it's always at solid 100 levels. This may sound not so important but remember that the round numbers are psychologically important levels.
Also it's very important to note that because this indicator is solely based on pip movement, it's timeframe independent. So lines on 5 min chart are the same as lines on daily and so on.
Very simple, very efficient like all the best indicators
Screenshot and code attached.