High Low - Candle Origin is an overlay indicator that draws the current and previous period high and low as lines starting at the exact candle that formed each extreme.
The period can be 1 hour, 4 hour, daily or weekly, and the chart timeframe must be smaller than the chosen period or the script stops with an error. Lines are extended to the right by a set number of bars, with separate colour, style, width and label settings for each of the four levels. Current levels update as price moves.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Period Mode
string
Daily
periodMode
Show Current High
bool
true
showCurrentHigh
Show Current Low
bool
true
showCurrentLow
Show Previous High
bool
true
showPrevHigh
Show Previous Low
bool
true
showPrevLow
Right Extension (bars)
int
50
rightExtendBars
Line Color
color
color.gray
currHighColor
Line Style
string
dashed
currHighStyle
Line Width
int
1
currHighWidth
Show Label
bool
true
showCurrHighLabel
Label Text (blank = auto)
string
currHighLabelText
Label Color
color
color.gray
currHighLabelColor
Show all 34 settings
Setting
Type
Default
Variable
Label Size
string
small
currHighLabelSize
Line Color
color
color.gray
currLowColor
Line Style
string
dashed
currLowStyle
Line Width
int
1
currLowWidth
Show Label
bool
true
showCurrLowLabel
Label Text (blank = auto)
string
currLowLabelText
Label Color
color
color.gray
currLowLabelColor
Label Size
string
small
currLowLabelSize
Line Color
color
color.new(color.gray, 60)
prevHighColor
Line Style
string
dashed
prevHighStyle
Line Width
int
1
prevHighWidth
Show Label
bool
true
showPrevHighLabel
Label Text (blank = auto)
string
prevHighLabelText
Label Color
color
color.new(color.gray, 60)
prevHighLabelColor
Label Size
string
small
prevHighLabelSize
Line Color
color
color.new(color.gray, 60)
prevLowColor
Line Style
string
dashed
prevLowStyle
Line Width
int
1
prevLowWidth
Show Label
bool
true
showPrevLowLabel
Label Text (blank = auto)
string
prevLowLabelText
Label Color
color
color.new(color.gray, 60)
prevLowLabelColor
Label Size
string
small
prevLowLabelSize
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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