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Hi all,
Here's an "indicator" I put together the I call Linear Price Bar (LPB). It's just another way of looking at price. It plots price on a line and makes it easy to see volitility. It also makes it easy to see the bulls/bears "battle" for each bar.
I'm working on another volitility breakout indicator that uses the LPB and is based on an idea from Larry Williams . I'll post it later when I'm done tinkering. (This is different, but similar, to the Volitility Expansion thread) I think a lot of different studies could be made using this.
Two indicators are attached
1) Linear Price Bar.mq4
2) #MTF_LPB.mq4 (Multi TimeFrame)
Both need to be in the indicators folder if you want to use the MTF version as it references the orginal indicator.
This IND has a bar formation mode which allows you to watch lower TF bars form on the higher TF charts as the actually prices. ... just a little bit of a different take.
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"Anyone who has never made a mistake has never tried anything new." -Albert Einstein
Linear Mode
