New N-Day HiLo: Difference between revisions
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(Created page with "This indicator displays the N-day high-low channel as lines and marks any new highs/lows. It recognizes and plots only the first new highs/lows of the day.<br> For example, If...") |
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Latest revision as of 15:17, 8 October 2021
This indicator displays the N-day high-low channel as lines and marks any new highs/lows. It recognizes and plots only the first new highs/lows of the day.
For example, If NumDays = 21, NewQualDays = 5 and OldQualDays = 3, the indicator will show the first new 21-day high (low) in at least 5 days, where the previous 21-day high (low) was also the highest high (lowest low) in at least 3 days when it occurred.
Default Inputs
NumDays (7) sets the number of preceding days to calculate the N-Day High and Low.
NewQualDays (0) sets the number of days the new N-Day High is at the highest high and N-Day Low is at the lowest low.
OldQualDays (0) sets the number of days the previous N-Day High was at the highest High and N-Day Low was at the lowest low.
