Aims Box Alert

[Darren]

I was wondering if there is an indicator that can push an alert when the current Aims Box is less than a certain number of pips? I think there is one if there is a new dot but I am interested in one for just a small Aims box?

Cheers,

Darren

[Dave]

I'm the world's worst indi coder and I know nothing..... but thanks to Steve I reckon I now know enough to put something together. Stay posted and I'll see what I can manage. If someone beats me to it I won't take offence though

[Darren]

I like the sound of that Dave - thanks in advance.

[Dave]

Here you are, Darren. This is pretty hopeless and I'm sure someone can do a better job, but I'm getting some popup signals so hopefully all is well. It does check at the close of every candle though, so in the off hours of the market when the range is tight there's a chance it will indicate very regularly! I'm sure there's a way to check it only when a new AIMS level is formed but I don't know how to do that. Hopefully this will do for now and if I learn how to check only when a new AIMS level is formed I'll update it.
Indicator checks that:
Upper AIMS level - lower AIMS level is <= 'X' pips,
Candle is within the bounds of the upper and lower AIMS levels, i.e. still in the box.
Enjoy!
Dave

Edit: New version attached. Essentially the same thing but improved coding that:
- Will only give alert when new AIMS level appears and the new box is less than 'X' pips (so unlike previous version will not alert at the close of every candle when the existing small AIMS box has already been alerted);
- Option to test for price contained within the small box, so can receive alerts based on small boxes alone regardless of whether price has already broken out or not, or only get an alert when price still within the small box.

I'd be interested to know how people apply this indicator to higher timeframes (if anyone does) and what is considered to be a 'small box' on daily timeframe charts for the majors. The evolution of the indicator may be that we calculate the average size of the last however many boxes and we receive an alert when the box size is less than the average, but I need to work out how to do that first

Another edit: Just realised a small error. Only run this v1.1 with 'Within_Box' set to true for now and I'll correct over the weekend. Fixed, latest attached.

[Darren]

Brilliant Dave - thank you so much for spending the time coding it. (hug)

I shall have a play with it now but I am sure it will be very useful to me.

[Dave]

Hey Darren. I just got a bolt of inspiration to hopefully reduce the signals to when a new AIMS level forms. I'll try it over the weekend and let you know how I get on.
Dave

[Darren]

Looking forward to it!

Get the old grey matter working.

[Dave]

All fixed (until someone finds an error) and latest attached. Enjoy.

[Darren]

Thanks again Dave