Indicator showing new price range entry

[mkinfosys]

Hi, I am looking for an indicator which shows me if the market moves into a new price range.
F.e. If the market moves 5 points away from the start level (so 5 points higher or lower) the indicator value should show one time the value 1. Thereafter it should go back to value 0 and stay there. As soon then market moves again 5 points up or down from the new start level.
Any help on or a efs example would be much appreciated.

[ACM]

mkinfosys
The enclosed script should do it. You can change the value of Step in Edit Studies
Alex

function preMain(){
    setStudyTitle("Bit");
    setShowCursorLabel(false);
}

var Price = null;
var Price1 = null;
var Bit = 0;

function main(Step){

    if(Price == null) Price = close(0);
    if(Step == null) Step = 5;

    if(getBarState()==BARSTATE_NEWBAR){
        Price1 = Price;
    }
    
    if(close(0) >= Price1+Step || close(0) <= Price1-Step){
        Bit = 1;
        Price = close(0);
    } else {
        Bit = 0;
    }

    return Bit;
}