Simple indicator: High-Low | Forex Factory

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Simple indicator: High-Low

  • #1
  • First Post: Feb 5, 2007 4:22am Feb 5, 2007 4:22am
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. I think this is very easy for MT4 coder?

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

Anyone? TIA.

Regards,
Hoh
  • #2
  • Feb 5, 2007 4:42am Feb 5, 2007 4:42am
Comes with metatrader 4, is called "average true range" and is found under indicators / oscillators. set period to 1 and you got your high-low.
Trust price. Know yourself.
  • #3
  • Feb 5, 2007 9:03pm Feb 5, 2007 9:03pm
Quoting SeekingLight
Comes with metatrader 4, is called "average true range" and is found under indicators / oscillators. set period to 1 and you got your high-low.
Thank you SeekingLight. This is exactly what I want.

Is there a histogram instead of line version of ATR?

Regards,
Hoh
  • #4
  • Feb 6, 2007 4:24pm Feb 6, 2007 4:24pm
Quoting hoh
Thank you SeekingLight. This is exactly what I want.

Is there a histogram instead of line version of ATR?

Regards,
Hoh

Take a look at the MQL4_Tutorial by Codersguru:

http://www.forexfactory.com/showthread.php?t=6011

Lessons 10, 11 and 12 shows in detail how to create an indicator for the daily range. A histogram version is attached.
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File Type: mq4 My_First_Indicator.mq4   2 KB | 1,603 downloads
  • #5
  • Feb 6, 2007 8:16pm Feb 6, 2007 8:16pm
Quoting hapalkos
Take a look at the MQL4_Tutorial by Codersguru:

http://www.forexfactory.com/showthread.php?t=6011

Lessons 10, 11 and 12 shows in detail how to create an indicator for the daily range. A histogram version is attached.
Thanks hapalkos.

Regards,
Hoh
  • #6
  • Feb 26, 2007 11:38am Feb 26, 2007 11:38am
Quoting hoh
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. I think this is very easy for MT4 coder?

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

Anyone? TIA.

Regards,
Hoh
Pardon me for this question, but why exactly do You need such kind of indicator? Maybe there is some kind of system You are creating? Breakouts perhaps. It would be nice if You could share Your opininion. Once again, I completely understand if You don't want to answer this.

Happy Trading
  • #7
  • Feb 26, 2007 3:26pm Feb 26, 2007 3:26pm
hello, i am looking for a high-low indicator too. Besides i need it to have a feature that allow me to choose to draw second highest/lowest, third highest/lowest of the most n recent bars.

does anyone have it? really appreciate your help
  • #8
  • Feb 27, 2007 6:42am Feb 27, 2007 6:42am
Quoting Dexis
Pardon me for this question, but why exactly do You need such kind of indicator? Maybe there is some kind of system You are creating? Breakouts perhaps. It would be nice if You could share Your opininion. Once again, I completely understand if You don't want to answer this.
Yes, this is a breakout system.
I use first bar which has enough day range to be master bar for sideway which follows it.
This is difficult to explain in sentence but basically this is a pin bar system.

Regards,
Hoh
  • #9
  • Feb 27, 2007 7:21am Feb 27, 2007 7:21am
Quoting hoh
Yes, this is a breakout system.
I use first bar which has enough day range to be master bar for sideway which follows it.
This is difficult to explain in sentence but basically this is a pin bar system.

Regards,
Hoh
Thanks Hoh!

Happy Trading
  • #10
  • Jun 22, 2009 9:45pm Jun 22, 2009 9:45pm
This is only an idea. Has anyone found an indicator that will measure the candle from high to low. For example using a one hour chart the previous candle had a range of 30 PIPs. I would like to paint those candles my choice of colors. Any ideas are appreciated.
  • #11
  • Last Post: Jun 24, 2009 10:49am Jun 24, 2009 10:49am
Hi everybody.
Thanks all who help me.
I'm not a able whit code but I need a simple indi
that show, on side of chart, previous bar value for Open, Close, High & Low
in TF1 M30 M15 if it possible.
(In Att. I made what I'm looking f)
I use this to calc 3th rule of DeMark TrendLine.
If you know this code already exist please post link......or if someone want to write this code.......

Thanks
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