REQ: High-Low Band

[Sabbir Ahmed]

High-Low Band indicator was programmed for simple elite section. Indicator is calculating Average High (average of past 5 or more daily highs), Average Low (average of past 5 or more daily lows), High-Low of past 5 bars and draw a “bar” as two horizontal lines in a “box” on right side of chart, High Range (this is the average of the range of these past highs) and draw High Band and Low Band (full description is on elite section). Indicator is having the following parameters:

HlbPeriod – period to calculate (default 5 as in your example)

HlbTimeFrame – time frame to use (default is daily)

HlbTimeFrameShift – starting bar from a target time frame to use for range calculation (default 1st closed bar)

HlbRangeMultiplier – multiplier for average range to add to average high or low (default 1 as in your example).

 

http://blog.forex-tsd.com/images/122335d1277316940t-new-elite-section-indicator-high-low-band-highlowbandh4.gif

 

Link: http://blog.forex-tsd.com/new-elite-section-indicator-high-low-band/

[sillykiddo]

can anyone share this????