The New High New Low Index indicator displays the High/Low values of a symbol.
The index is calculated as the difference between the number of highest highs and the number of lowest lows for a given period.
In addition to High and Low, the indicator calculates their sum – the HL index.
The indicator has one input parameter:
- Period – period, for which the High and Low indices will be calculated.
Similar MetaTrader Trading Tools:
