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The indicator displays information on the chart about the average number of points per day the price of the instrument and the spread.
It differs from analogues in that it does not take into account huge or insignificant daily fluctuations, they are smoothed out, so in any situation it allows you to see the real picture, not distorted by random news bursts or days with “near zero” trading activity.
How can the indicator be useful?
1. Assistance in choosing charts for trading with the required volatility.
2. Correct calculation of stop loss and take profit for intraday trading. Each trading instrument has its own average daily power reserve and up-to-date information about it is necessary for the correct calculation of goals before entering a position.
In the settings, you can change the number of days to calculate the average size of the daily candle (“Days” by default is 5 days), the color of the displayed text (“Color”) and the number of the corner of the terminal in which the indicator will be displayed (“Corner” from 1 to 4).
