Hi Guys,
I am looking for an indicator which displays the average daily range of any currency pairs. I am not looking for any kind of eye-candy indicators which paints lots of stuffs on the charts but just an indicator which displays the daily range in PIPS. To be more clear, the indicator should display the average number of pips that the currency has been moving since X number of days (X is a variable of course). An example will be that the average daily range of the of the EUR/USD is 107 pips, thats just an example.
I know people usually does this with an Excel file, in which they import the historical data from their platforms and the Excel sheet calculates the average daily/weekly/whatever range.
So if anybody could help on this one, I would be delighted. Thanks in advance.
All the best in your trading.