NinjaTrader 7 Indicators - New Highs and Lows
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NinjaTrader 7 Indicators
Indicators in this section are compatible with NinjaTrader 7

New Highs and Lows 5 *
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 
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Details: New Highs and Lows
Category: NinjaTrader 7 Indicators 

August 12th, 2013
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Keywords: high low newhigh newlow


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