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Specification
The indicator marks the highest high with "H" as per attachment and when the price drops and turns at let's say 50% of the high mentioned, it will show "L" and when the price now goes up and above the previous "H", it will show "HH" when the price drops again.
Should the price drop lower than previous "L" and turn say 10 pips lower, it will show "LL" etc.
The upward moving bars/candles to be coloured Green and when the first downward PA occurs, that next movement will be coloured Yellow (example) until it closes at the "LL" when the whole "leg" will change colour to RED.
The ensuing UP movement will be Green again and vice versa.
Attached is a screen shot of the explanation and the indicator is attached for your kind perusal.
Trusting that you would be prepared to make the necessary changes for me, I look forward to hearing from you.
Regards.
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8
27%
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48%
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3
0%
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100%
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10
48%
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22
59%
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2
0%
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50%
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2
9%
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13%
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10
10%
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70%
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2
25%
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