It prints the current pip distance from the daily top (H) and the daily bottom (L) in pips. The indicator also can show us how far price has moved from the low or high of the day. If the max pips (6M) have already been reached today and price is near a major support or Resistance level, then perhaps we should consider getting out of a trade or to place a reverse trade. Selling bottoms and buying tops is not a good idea. Its often the case that if today a currency pair has already reached its 6M average daily pips, then perhaps it will stop soon. This indicator may help us avoid some of the lower probability trades. how many pips it has moved in relation to its long term average.
how many pips a currency pair has moved from the high or low of the day.I made it because I need to know the following: I want to share an indicator I have been using for a few years.
