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New Highs and Lows
Exported using NT Version 7.0.1000.15
This is a simple indicator, which detects new highs and lows. The highs and lows can be shown both as paintbars or as diamonds.
The definition of a new high can be either based on the bar high or the bar close. A new high based on the bar high is the highest high over the lookback period. A new high based on the bar close is the highest close over the lookback period. The same logic is applied to new lows, which can also be calculated from the bar lows or the bar closes.
With default settings the bar detects new 89-bar highs and lows.
The indicator works on both candlesticks and OHLC bars.
Update August 10, 2013: New highs and lows can be either based on high/low or on the close of the current bar. Highs and lows can be either shown as paintbars or as diamonds. Efficiency of algorithm improved.
Category
NinjaTrader 7 Indicators
Details:
New Highs and Lows
Category:
NinjaTrader 7 Indicators
August 12th, 2013
Size: 8.39 KB
Downloaded: 1527 times
Keywords:
high
low
newhigh
newlow
919
Fat Tails
View Download Details
October 16th, 2018 11:03 AM
gringa
Thanks! I am finding your indicators SO useful!
December 16th, 2014 10:46 PM
ProsperousTrader
Very helpful. Thanks
February 9th, 2014 03:33 AM
bundwidower
Many Thanks !! Another useful piece of code for us numb skulls.
January 12th, 2014 07:09 PM
XxBrianxX
Thanks a million!
August 27th, 2013 07:06 PM
it2trade
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