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Higher Low and Lower High Breakout Dashboard

WARNING: due to the calculations used by this indicator, it may take time to load and running it may slow down the user's terminal

Description & Summary

Dashboard to detect Higher-Low/Lower-High breakouts and Triangle Patterns on 28 currency pairs and up to 8 timeframes at once.

Numbers on the left are the normalized values of distance between price and last Lower-High and Higher-Low if one has formed (displays "--" if none). Text will turn Red upon a Higher-Low Breakout and Green upon a Lower-High Breakout if the breakout distance is greater than that timeframe's Signal_Var extern variable.

The middle columns display each timeframe and symbol's "Triangle Score" - a score of 2 means a triangle pattern has formed (see screenshots for more details).

The right columns display if the price is above or below an EMA of configurable time period (extern variable EMA_Period).

Configurable Parameters

  • X_Signal_Var: the minimum distance price has to go above a recent Lower-High or below a Higher-Low to display a red or green signal on X timeframe.
  • Show_M5/M15/M30/H1/H4/D1/W1/MN1: Show columns for the selected timeframe.
  • EMA_Period: Set the period of the EMA for the columns on the right.
  • The indicator colors are the colors of the labels and columns.
  • Safe_Mode: Run the indicator in "safe mode", avoiding symbols and timeframes that might be missing data.
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Version 1.3 2017.10.12
- Added separate external variables for D1, W1 and MN timeframes so they can be toggled individually
- Removed excess code to improve performance. The product used to take two attempts to start successfully sometimes - this bug has been fixed now. Enjoy!
Version 1.2 2017.09.13
- Removed old expiry date.
Version 1.1 2017.09.11
-Show_EMAs extern bool added to toggle EMA columns on/off. Setting Show_EMAs to false may improve product performance and speed.