Daily High Low

Category: market_structure

Plots the High and Low prices of a higher timeframe (e.g., Daily) onto the current chart, supporting standard High/Low, candle bodies (Open/Close), or purely Close-based ranges.

Formula

High = \begin{cases} High_{TF} & \text{if Price = LOWHIGH} \\ \max(Open_{range}, Close_{range}) & \text{if Price = OPENCLOSE} \\ \max(Close_{range}) & \text{if Price = CLOSECLOSE} \end{cases} \\ Low = \begin{cases} Low_{TF} & \text{if Price = LOWHIGH} \\ \min(Open_{range}, Close_{range}) & \text{if Price = OPENCLOSE} \\ \min(Close_{range}) & \text{if Price = CLOSECLOSE} \end{cases}

Inputs

• TimeFrame (default: PERIOD_D1)
• Previous (default: true)
• Price (default: DHL_LOWHIGH)

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