Ideal for automatically updating the traderanges on a hourly, daily, weekly or monthly timeframe . You don't have to add support/resistance lines manually anymore. Just choose the desired range timeframe and the indicator will add the the ranges on the chart.
EXAMPLE SETTING 5min chart with Daily Timeframe as base range
## Current Daily Candle - Purple line = Open of the current day
## Previous Daily Candle - Green Top line = High of the previous day - Red Bottom line = Low of the previous day
## Areas around the lines For each line you can set an %, which will be shown as an background color. The indicator can be set to send an alert when price falls into this range. You will never miss an nice trade opportunity again.
##### NEED MORE ADVANCED FUNCTIONS? Check out our "Trade Range Indicator ADVANCED - AltSumo.com " indicator. With the advanced version you can set the current low/high, multiple previous timeframes and much more!