The i-HighLow indicator draws a channel with the borders that correspond to the highest and lowest values of candlestick shadows for a specified number of bars with a vertical shift at the number of points defined by the indicator input parameters:
//+----------------------------------------------+ //| Indicator input parameters |//+----------------------------------------------+ inputuint period=20; // The number of candlesticks for defining an extremuminputuint Filter=50; // Width of the offset from a candlestick in pointsinputint Shift=0; // Horizontal shift of the indicator in bars
This indicator was first implemented in MQL4 and published in CodeBase on 21.05.2007.
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