MT indicator for higher lows / lower highs?

I have been searching for a MetaTrader indicator that could be used for finding trends based on higher lows or lower highs, but could not find any. I mean, an indicator that could recognize trends somehow like this:

http://www.investopedia.com/universi...Dowtheory2.asp

I would like to use the indicator in a EA, so the indicator should not do redrawing in any case, and it's values should be able to be read by the EA.

Is there such indicator available anywhere?

http://www.forexfactory.com/showthread.php?t=234062

I'm sorry CodeMeister, but I just could not find that kind of indi from the discussion you pointed out...?

To be more precise, I need an indicator that could be used for recognizing situations as in the attached picture. Is this possible anyhow?