Average Pips Movement

Market average pips Movement and sideways detection

Why this indicator:

1. It detects sideways or no movements of the market
   
2. It helps to know the pips values being changed during the given ranges, so traders know how much pips market can go down or up and set their trade for suitable time frame.
   

Settings:
You can change the atr values and range values. both are indicating how many bars to consider for the average. I suggest to uncheck the lables and labels on price scale to keep the chart nice and fresh.
You can also change the colors for each line.

Use Cases:
First value, indicating ranges average, the pips value you can expect to go up or down during this time. lower time frame means lower number. This is the key point. It shows the risk you might jumped to. if you can risk and target only 20pips and this value is 50pips, go down few time frame and find the 20 value. so you will be safe.

Second value, is just normal atr for reference only.

Third value, is the difference of atr and range values, closer to zero or negative value means no movement in the market. it happens at the end of new york session till the open of tokyo sessions and sometimes extended till london sessions open. Higher the number, the more movements in the market.

This indicator is mainly for the begginers. If you already know the best time frame for you to trade and when the market moving, you do not need this indicator at all.

And also disclaimer: this indicator doesn't show the pips values you will make profit, the value are just for references and it is calculated based on the market movement, so you know the things only once it occured!

Thanks!