Contract Hi Low
Contract Hi Low was authored by Omega Research 1995. It displays the highest high and the lowest low. No user input is required. This indicator’s definition is further expressed in the condensed code given in the calculation below.
How To Trade Using Contract Hi Low
No trading signals are given for this indicator.
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//con = contract
//index = current bar number
conHi = ifNull(high, conHi[index-1]); conLow = ifNull(low, conLow[index-1]); if (high moreThan conHi) conHi = hi; if (low lessThan conLow) conLow = low; Plot1: conHi; Plot2: conLow