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Views:: 3371
Rating:: (8)
Published:: 2018.09.27 15:32

DHLBO.mq5 (9.32 KB) view

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The DHLBO (Dynamic High/Low Band Overlay) indicator shows on the price chart two bands calculated based on the range Highs/Lows.

It has two input parameters:

Period;
Expansion.

Calculations:

Up band = Min+(Max-Min)*Expansion
Dn band = Max-(Max-Min)*Expansion

where:

Min, Max - the highest and lowest prices within the Period interval.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21714

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DHLBO - indicator for MetaTrader 5