Dynamic High/Low Band Overlay

[Apprentice]

Written on request.

High Peak = ((highest[Y](High))*X - (lowest[Y](Low))*X)+lowest[Y](low)

Low Peak = highest[Y](high)- ((highest[Y](High))*X-(lowest[Y](Low))*X)

Basically creates the two bands (overlayed on the price chart) to show me different highs/lows from Y periods back, reduced by a certain number (X) which goes from 0 to 1 in incremental steps of 0.001.

DHLBO.lua

(2.42 KiB) Downloaded 855 times

The indicator was revised and updated

[Apprentice]

This version finds the minimum and maximum for a defined period.
And from that moment for each past period narrows the width of the channel for a defined percentage.

DHLPBO.lua

(2.26 KiB) Downloaded 886 times

[Alexander.Gettinger]

MQL4 version of Dynamic High/Low Band Overlay: viewtopic.php?f=38&t=61686.

[Apprentice]

The indicator was revised and updated.