DHLBO – indicator MetaTrader 5
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. DHLBO – indicator MetaTrader 5