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Intelligent BarRange was developed for the NQ to calculate the max / min movement on long term range bars. Like the name implies it is used on Range charts only. We like to use it on 80 or greater range charts. The graphics constantly update to show where the market stands on the direction of the bar and remaining price till next bar.
When the NQ is in a sideways or consolidation state (min 2 bars approximate same high and lows), the 80 range bars will typically alternate from red to green to red etc before a breakout. We will use the BarRange to either enter long when the previous bar was red or short when the previous bar was green. The count down block helps to enter right at the open of the next bar.
Intelligent Tools was created for technical traders who are constantly drawing rectangles, support and resistance lines, trend lines and other objects on their charts. We made it easy to pick an object and change its color with a single click for efficiency and speed.
The toolbox includes one click copy objects and one click audio alerts. Just select a horizontal line to define the "if price goes above this line" alert me and select a horizontal line to define the "if price goes above this line" alert me.
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