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Simple indicator: High-Low
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Old 02-05-2007, 09:40 AM
Hoh Hoh is offline
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Question Simple indicator: High-Low
Hi everyone,

I'm looking for a simple indicator which can calculate difference of high and low of price bar i.e. high minus low (in pips.) I think this is very easy for MT4 coder?

I'm also looking for indicator which can let me add "level" (e.g. 80pips) into above-mentioned indicator so that I know which bar has broken my alert level.

Anyone? TIA.

Regards,
Hoh
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Old 02-05-2007, 11:17 AM
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Hey, LoHi.mq4 is what you wanted. Just in case, I attached OHi-OLo.mq4 that plots Open-High and Open-Low.

Enjoys!
Attached Files
File Type: mq4 LoHi.mq4 (1.5 KB, 172 views)
File Type: mq4 OHi-OLo.mq4 (1.6 KB, 146 views)
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Old 02-05-2007, 11:21 AM
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PeriodBars variable should be 1. If you want average of high minus average of low, then PeriodBars = x bars covered in average.
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Old 02-06-2007, 07:09 AM
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Quote:
Originally Posted by scorpion View Post
PeriodBars variable should be 1. If you want average of high minus average of low, then PeriodBars = x bars covered in average.
Thanks scorpion. This is what I want.

Regards,
Hoh
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