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- 7667
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- Published:
- 2019.02.07 09:00
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Indicator Wide/Narrow Spread bar displays the largest and the smallest bar over the selected period as colored candles.
It has three adjustable parameters:
- Range - search range
- Show wide spread bar - show the largest bar (Yes/No)
- Show narrow spread bar - show the smallest bar (Yes/No)
Calculations:
- If Max = HL,
WS = Max/Point and the candle color is blue
- If Min = HL,
NS = Min/Point and the candle color is red
where:
HL = High - Low
Max, Min - the maximum and minimum HL within the Range
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23535