Sherif Hilo

Category: trend

A trend-following channel indicator that tracks the Highest High and Lowest Low over a lookback period, switching states based on price closing above or below the previous period's extreme.

Formula

\text{If } Close_i > Pivot_{i+1} \Rightarrow UpTrend, \text{LineUp} = \text{LLV}(Low, period); \text{ElseIf } Close_i < Pivot_{i+1} \Rightarrow DownTrend, \text{LineDn} = \text{HHV}(High, period)

Inputs

• period_high (default: 100)
• LineUpClr (default: clrBlue)
• LineDnClr (default: clrRed)

See signal primitives and every published strategy that uses Sherif Hilo on WOBR StrategyVerse.