Scott Barkley would tell you that the 55 pips is coming from the feasibility for the institutions to make a move.

My thinking is more along the lines of physics. Escaping speed yields the distance -> progression made.

Speed Minimum 55 pips / 7 hour… 🙂

I made the line plots part of the 15-min ATR Target Pro, and here are the plotting lines:

extern bool plot_grid_55=true;
extern double pacing=55;

---

deletetxt1(“HLN”);

if (plot_grid_55) {

ObjectCreate( “HLN”+IntegerToString(0), OBJ_HLINE, 0, Time[0], w[0] );
ObjectSet(“HLN”+IntegerToString(0), OBJPROP_COLOR, clrBlack );
ObjectSet(“HLN”+IntegerToString(0), OBJPROP_STYLE, 2 );

for (i=1; i<=3; i++) {

ObjectCreate( “HLN”+IntegerToString(i), OBJ_HLINE, 0, Time[0], NormalizeDouble(w[0]+(pacing/10000)*i,5) );
ObjectSet(“HLN”+IntegerToString(i), OBJPROP_COLOR, clrBlack );
ObjectSet(“HLN”+IntegerToString(i), OBJPROP_STYLE, 2 );
}

for (i=-1; i>=-3; i–) {

ObjectCreate( “HLN”+IntegerToString(i), OBJ_HLINE, 0, Time[0], NormalizeDouble(w[0]+(pacing/10000)*i,5) );
ObjectSet(“HLN”+IntegerToString(i), OBJPROP_COLOR, clrBlack );
ObjectSet(“HLN”+IntegerToString(i), OBJPROP_STYLE, 2 );
}

}

---

void deletetxt1(string what){
for(int iObj=ObjectsTotal()-1; iObj >= 0; iObj–){
string on = ObjectName(iObj);
if(StringFind(on, what) == 0) ObjectDelete(on);

} }

 

 

…

+1, new feature:

qualifying moves (impulsive ones, in excess of 55 pips) in red and green

If the last one is red, that makes the current move up a mere retracement.

 

Now that you have come all the way, a bonus image for you… 8+8 =88