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Possible High and Low Indicator

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  • First Post: Aug 31, 2009 4:25pm Aug 31, 2009 4:25pm
  •  monzulu
  • | Joined May 2006 | Status: Member | 29 Posts
Hi guys, do you know any MT indicator out there that computes the possible highs and lows? This indicator should be superimposed on the price charts and not below it. (i.e. The HLC are the values from yesterday to get the possible High and Low for today).

the formula are these:

possible low = High - ((High + Low + Close)/3)*2

possible high = Low - ((High + Low + Close)/3)*2

Any ideas and help is appreciated. Thanks
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