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I had this cool indicator that allowed you to create 3 colored zones, (the zones are drawn around high and low prices). The first zone allowing a vertical line drawn in the beginning, the length of the chart, and also a colored box around the high and low.
Here is my 5 min template for ES, I add the TRO Buy Zone and Hourly Buy Zone indicator to this, and change some settings for ES, for YM and others you need to change the parameters for above two indicators, I really don't know how TRO made this, but …
This indicator identifies different market phases based on price action.
Phases
1. Up-Trend: An up-trend is a confirmed range breakout to the up-side, a consolidation continuation, or a down-trend that pulls back Initial Range ticks over n-Periods.
2. …
This indicator is not part of the Viper system, it's a free indicator. Anyone know where I can find it?
It's similar in appearance to this, but it encapsulates the high and low within it. It has options for 3 zones, the first zone it draws a vertical line at the beginning of the price box!