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Can anybody here create an indicator that will identify a day with the narrowest range out of the last 4 or 7 days? This is used by a lot of pro traders and hedge fund guys who like to trade breakouts of these days' ranges. If you do it I will be

Has anybody coded an indicator that identifies narrow range days? For example, an NR7 day is a day in which the range is the narrowest out of the last 7 days. Does anybody have an indi like this

Ok, I was wondering if it would be possible to create a range bar calculator for metatrader. Here's a little piece on them: http://www.fibonaccitrader.com/HELP40/Range%20Bar/default.htm This might be useful in filtering out chop