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Indicator that identifies highs and lows of a chart and plots the equivalent lines in both mt4 and mt5
I would like to code an indicator that identifies highs and lows of a chart (using “Three candle formation ” i.e. the candle is higher/lower than candle before and after it).
All together it will have 4 lines 2 for the highs and two for the lows.
At the highs/ low will have 2 types as well Solid line if that high / low break an opposite structure i.e. another low/high. And a dashed line if it did not break any structures Also require the options to choose which of the 4 lines to display.
I will also require the source files The Lines drawn will continue until price has broken through it , at which point it terminates.
An illustration is shown below. Break of Structure the structure break will always be opposite i.e high will be solid if it breaks a low and vice versa but that line will now continue until price goes through it and there it will terminate.
I have attached a zip file containing pdf for the full requirement with illustrations.
and an image showing the general idea.
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