Is there a simple way to make an Indicator which tracks the closing price of a candle but a certain amount of Price level below or above the closing price? For example, if a candle closes at a price of 1750, then the indicator plots a point 30 points below at 1720. It draws a construing line like a MA, but based on a fixed distance from the closing price.
If the closing prices are falling one next to the other, it plots the same line but above the closing price.
Thank you for your support!
Kailash
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