Highs And Lows (HL)

Video Demonstration

Description

High-Low indicator defines the lowest and highest prices within a specific time-frame. It’s a valuable tool for traders, automatically marking these critical price levels with lines on a chart. The indicator is based on impulse correction indicator. It takes highest and lowest points.

How It Works

The High-Low indicator plots horizontal lines representing the highest and lowest prices over a given period. These lines act as support and resistance levels, helping traders identify potential entry and exit points.

Chart Settings

"High & Low Price Lines"
1. "Show High & Low Price Lines"
  Show or hide high and low price lines
2. "High & Low Price Lines Color"
  Change color of high and low price lines
3. "High & Low Price Lines Thickness"
  Change thickness of high and low price lines
"Historic High & Low Price Lines"
1. "Show Historic High & Low Price Lines"
  Show or hide historic high and low price lines
2. "Historic High & Low Price Lines Color"
  Change color of historic high and low price lines
3. "Historic High & Low Price Lines Thickness"
  Change thickness of historic high and low price lines

* For common indicator properties please see Common Indicator Settings

"Impulse & Correction Lines"
1. "Show Impulse & Correction Lines"
  Show or hide impulse and correction lines
2. "Impulse & Correction Lines Color"
  Change color of impulse and correction lines
3. "Impulse & Correction Lines Thickness"
  Change thickness of impulse and correction lines
"Coordinates"
1. "Show Coordinates"
  Show or hide coordinates
2. "Coordinates Color"
  Change color of coordinate border color
3. "Coordinates Fill Color"
  Change fill color of coordinates
4. "Coordinates Line Thickness"
  Change thickness of coordinates line
5. "Coordinates Size"
  Change size or coordinates

Chart View

Last modified: 24 September 2024