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MetaTrader 5 Indicator | DHLBO

21.7.25 0

The DHLBO (Dynamic High/Low Band Overlay) indicator shows on the price chart two bands calculated based on the range Highs/Lows.

It has two input parameters:

  • Period;
  • Expansion.

Calculations:

Up band = Min+(Max-Min)*Expansion  Dn band = Max-(Max-Min)*Expansion

where:

  • Min, Max - the highest and lowest prices within the Period interval.

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