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Published:

6 June 2014, 15:51

Updated:

22 November 2016, 07:32

i-highlow.mq5 (13.53 KB) view

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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

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

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i-HighLow - indicator for MetaTrader 5