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Alert Before Bar Close
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Example Figure
Originality and usefulness
This indicator/alert mechanism is unique in two ways. First, it provides alerts before the close of a candlestick, allowing time-based traders to prepare early to determine if the market is about to form a setup. Second, it introduces an observation...
The goal of this indicator is to show how multiple assets are trading relative to their Previous Highs and Lows. Many traders have probably seen charts resembling this that may plot how asset prices are trading as a percent change over time, or something similar.
The key difference with this indicator is that all prices are normalized to reflect how they are...