Range & Stop — Indicator by Shenl0ng

A market moving sideways will break out at one point in time. The trader does not know if the break-out will be upwards or downwards. Both are possible. The Range & Stop indicator offers the possibility to place an order in the edge of the fixed range area. If one order is executed, the other order can be the take profit order.
If price its trending price will always respect the range and the new areas of the price will always providing support and resistance on the edge of the range.
Stop and range also provide a stop lost base on atr volatility calculations to prevent Stop hunts before rising.

Comes with few Conditions for trend reversal recognition and candle color

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Display Price Action

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New Range add for larger view

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you can enable and disable large box

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Renko Candle Update!

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small circles

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Alert conditions added

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Shenl0ng for more information, or follow the author's instructions below.

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