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Published:
2014.06.06 15:51
Updated:
2016.11.22 07:32
i-highlow.mq5 (13.53 KB)view

Real author:

RickD

The i-HighLow indicator draws a channel with the borders that correspond to the highest and lowest values of candlestick shadows for a specified number of bars with a vertical shift at the number of points defined by the indicator input parameters:

//+----------------------------------------------+ 
//| Indicator input parameters                   |
//+----------------------------------------------+ 
input uint period=20;    // The number of candlesticks for defining an extremum
input uint Filter=50;    // Width of the offset from a candlestick in points
input int Shift=0;       // Horizontal shift of the indicator in bars

This indicator was first implemented in MQL4 and published in CodeBase on 21.05.2007.

Figure 1. The i-HighLow indicator

Figure 1. The i-HighLow indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/2394

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