Are you sure you mean the line
for(i=0;i<int(NBars); i++) if(Low[bar]<Low[bar-i] && Low[bar]-Low[bar-i]<m) m=High[bar]-Low[bar-i];
Since you compare m to L-Li, but set it to H-Li, seems strange to me...
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Extremum:
The indicator allows to predict the trend reversal
Fig.1 The Extremum indicator.
Author: Nikolay Kositsin