There are few new options in this update.
Now you can display a range around the last daily closing, to identify a ranging period inside X% around the closing line.
There are some options about high and low pivot , you can display them , and choose the number of candle left and right around the high/low pivot.
To avoid repainting , you can display line on the chart , it give you the information about when the pivot is detected.
It also display a channel between the last high pivot and the last low pivot , and the blue line is the middle between last high and last low.
You can also put a condition about a minimal percentage of gap between high and low pivot , it will display pivot only when it's X% between high and low.
And to finish it , you can put a condition to keep a minimal percentage of range between the last daily closing to save a pivot , it will display high only above X% about daily closing, and low only below X% of daily closing.
It can give you a range around the last daily closing , between big high and big low.
You can combine all theses options together.