Price Labels displays price labels for the highest high over the range (index – high_period, index + high_period) and the lowest low over the range (index – low_period, index + low_period). The user may change the period lengths. This indicator’s definition is further expressed in the condensed code given in the calculation below.
How To Trade Using Price Labels
No trading signals are calculated for this indicator.
How To Access in MotiveWave
Go to the top menu, choose Study>Overlays>Price Labels
or go to the top menu, choose Add Study, start typing in this study name until you see it appear in the list, click on the study name, click OK.
Important Disclaimer: The information provided on this page is strictly for informational purposes and is not to be construed as advice or solicitation to buy or sell any security. Please see our Risk Disclosure and Performance Disclaimer Statement.
//period1 = user defined, default is 9
//period2 = user defined, default is 26
//ext bars = user defined, default is 20
//enabled = user defined, default is false
Code may be available on request.