Needs formula for Hi-Lo MT4 indicator

I wish to use the Hi-Lo indicator as available in mq4 code in another piece of software. In Tradestation to be precise. I, unfortunately have no mql knowledge and therefore can't understand the formula for this indicator when looking at the mql code.

I would appreciate it if somebody could explain the formula for this indicator to me so I can code it in Easylanguage (Tradestation).

Something like:
If = Simple Moving Average of Close for last 10 periods > Highest High for last 20 periods Then plot dot below Low, else .......?

The mq4 code for the Hi-Lo indicator is:

//+------------------------------------------------------------------+
//| Hi-Lo.mq4 |
//| |
//| Ramdass - Conversion only |
//+------------------------------------------------------------------+

#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Red
#property indicator_color2 Lime
//---- input parameters
extern int Per=3;
extern int CountBars=300;
//---- buffers
double Up[];
double Down[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{

//---- indicator line
IndicatorBuffers(2);
SetIndexStyle(0,DRAW_ARROW);
SetIndexArrow(0,159);
SetIndexStyle(1,DRAW_ARROW);
SetIndexArrow(1,159);
SetIndexBuffer(0,Up);
SetIndexBuffer(1,Down);
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Hi-Lo |
//+------------------------------------------------------------------+
int start()
{
SetIndexDrawBegin(0,Bars-CountBars+Per);
SetIndexDrawBegin(1,Bars-CountBars+Per);
int i,counted_bars=IndicatorCounted();
bool Pr=false, PrevPr=false;
double val,val2;
//----
if(CountBars<=Per) return(0);
//---- initial zero
if(counted_bars<1)
{
for(i=1;i<=Per;i++) Up[CountBars-i]=0.0;
for(i=1;i<=Per;i++) Down[CountBars-i]=0.0;
}
//----
i=CountBars-Per-1;
// if(counted_bars>=CCIPeriod1) i=Bars-counted_bars-1;
while(i>=0)
{
val=iMA(NULL,0,Per,1,MODE_SMA,PRICE_HIGH,i);
val2=iMA(NULL,0,Per,1,MODE_SMA,PRICE_LOW,i);

if (Close[i]<val2 && PrevPr==true) Pr=false;
if (Close[i]>val && PrevPr==false) Pr=true;
PrevPr=Pr;
Up[i]=0.0; Down[i]=0.0;
if (Pr==false) Up[i] = val+2*Point;
if (Pr==true) Down[i] = val2-2*Point;

i--;
}
return(0);
}
//+------------------------------------------------------------------+

Hi mate,

Coded, tested.. here you GO!

P.S.Coded myself

Hi Piters,

I really appreciate you effort and response. Thank you for coding the indicator.

Regards,

boerseun