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Registered User Joined: 8/11/2010 Posts: 5
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I would to know if it is possible to draw boxes around the daily bars in group of five bars using the lowest and highest price in the last 5 bars? This would allow us to see the weekly bar movements on top of the daily bar. Thanks for your help.
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Administration
Joined: 9/30/2004 Posts: 9,187
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Add Donchian Channels to price and set the period to 5 and the offset to 0. Doesn't draw boxes but doesn't plot the max high and min low of the last 5 bars.
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Registered User Joined: 8/11/2010 Posts: 5
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The Donchian Channels indicator is not sufficient for me. Is there a way for me to create a custom indicator that would draw boxes around daily bars?
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Administration
Joined: 9/30/2004 Posts: 9,187
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No, there isn't a way to use a custom formula to draw boxes around the bars.
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