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New Highs and Lows

Exported using NT Version 7.0.1000.15

This is a simple indicator, which detects new highs and lows. The highs and lows can be shown both as paintbars or as diamonds.

The definition of a new high can be either based on the bar high or the bar close. A new high based on the bar high is the highest high over the lookback period. A new high based on the bar close is the highest close over the lookback period. The same logic is applied to new lows, which can also be calculated from the bar lows or the bar closes.

With default settings the bar detects new 89-bar highs and lows.

The indicator works on both candlesticks and OHLC bars.

Update August 10, 2013: New highs and lows can be either based on high/low or on the close of the current bar. Highs and lows can be either shown as paintbars or as diamonds. Efficiency of algorithm improved.

Category NinjaTrader 7 Indicators

Details: New Highs and Lows
Category: NinjaTrader 7 Indicators

August 12th, 2013
Size: 8.39 KB
Downloaded: 1527 times

Keywords: high low newhigh newlow

Comments/ratings

Default User October 8th, 2011 01:50 AM

No Comment

Ron Schnee April 19th, 2012 11:21 PM

Makes it easy and quick to spot the OBOS extremes on a Bollinger Band or equivalent setup. I like it. Use it as above with the MomentumBBlines in panel 2, as another agreement for turns of an extreme.

Tarkus11 August 13th, 2013 01:56 PM

Great as always.

tcwairoa August 15th, 2013 06:37 AM

Great work Fat Tails, many thanks

zohar August 20th, 2013 11:13 PM

thanks

it2trade August 27th, 2013 07:06 PM

No Comment

XxBrianxX January 12th, 2014 07:09 PM

Thanks a million!

bundwidower February 9th, 2014 03:33 AM

Many Thanks !! Another useful piece of code for us numb skulls.

ProsperousTrader December 16th, 2014 10:46 PM

Very helpful. Thanks

gringa October 16th, 2018 11:03 AM

Thanks! I am finding your indicators SO useful!