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HiLo indicator for NT7?
Started:June 5th, 2010 (08:43 AM) by cbtrade Views / Replies:2,133 / 2
Last Reply:June 5th, 2010 (12:00 PM) Attachments:0

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HiLo indicator for NT7?

Old June 5th, 2010, 08:43 AM   #1 (permalink)
Elite Member
Oakland, NJ
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HiLo indicator for NT7?

I have a HiLo indicator that works on NT6.5 but doesn't seem to work on NT7. Does anyone have a HiLo indicator (plots Hi & Lo price brackets from specific time period) for NT7? The HiLo lines can also be stretched to a certain time of the day as well.

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Old June 5th, 2010, 08:43 AM   #2 (permalink)
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Old June 5th, 2010, 12:00 PM   #3 (permalink)
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This post has been selected as an answer to the original posters question Answer

If you want to take the high and low of a specific time period within a day, you first want to make sure that the last candle within this period is correctly cut off at the end. To achieve this you would create a session template via the session manager which divides the trading session into three subsessions

- session prior to specific time period
- session for specific time period
- session after specific time period

The CurrentDayOHLV22 indicator below, if set to Daysession Pivots should display open high and low for the second session.


If you want to follow a simpler approach, you could achieve the same with a time-based approach, but with the risk that some of the candles reach out over the border of your specific period giving you a false high and low.

I have an indicator that plots the initial balance (1st hour of trading) and uses the second approach, but it will only give correct values for 1,2,3,4,5,6,10,15,20 and 30 min chats (all divisors of 60 are possible).

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