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This is referencing a plot. The first 1 means plot one bar back and the [1] means use the value from one bar back in that plot. This is usually used to join two different line plots together when the color changes else you might get a one bar blank spot.
Mike, thanks for tip. That is actually where I started. I ran your code but the display was nothing like the NT indicator that supposedly does the same thing. I could not really tell why, hence I needed to convert line-by-line directly from the NT script to see where the discrepancy was. I believe the code difference is minor but the resulting display differences are not.
If you are familiar with Ninja script I would appreciate if you take a quick look at the attached, maybe something will jump out at you.