High-Low of X Bar

8. Aug. 2024

Overview

• The High-Low of X Bar indicator allows traders to visualize historical high and low values from a specific number of bars ago directly on the chart.
  
• Provides insight into past price action by displaying high, low, and their difference at the most recent bar.
  
• Customizable inputs and color settings for labels enhance usability and visual integration with your chart.
  

Key Features

• Historical Data Analysis: Displays the high, low, and the difference between these values from a specified number of bars ago.
  
• Customizable Inputs: Set the number of bars ago to review historical price points, with a range from 1 to 2000 bars. Premium users can exceed this range.
  
• Dynamic Labeling: Option to show high, low, and difference values as labels on the chart, with customizable text and background colors.
  
• Color Customization: Customize label colors for high, low, and difference values, as well as for cases with insufficient bars.
  

Inputs

• Number of Bars Ago: Enter the number of bars back from the current bar to analyze historical high and low values.
  
• Show High Value: Toggle to display the historical high value.
  
• Show Low Value: Toggle to display the historical low value.
  
• Show Difference Value: Toggle to display the difference between high and low values.
  

Color Settings

• High Label Background Color: Set the background color of the high value label.
  
• High Label Text Color: Choose the text color for the high value label.
  
• Low Label Background Color: Set the background color of the low value label.
  
• Low Label Text Color: Choose the text color for the low value label.
  
• Difference Label Background Color: Set the background color of the difference label.
  
• Difference Label Text Color: Choose the text color for the difference label.
  
• Not Enough Bars Label Background Color: Set the background color for the label shown when there are insufficient bars.
  
• Not Enough Bars Label Text Color: Choose the text color for the insufficient bars label.
  

Usage Instructions

• Add to Chart: Apply the High-Low of X Bar indicator to your TradingView chart.
  
• Configure Settings: Adjust the number of bars ago and display options according to your analysis needs.
  
• Customize Appearance: Set the colors for the labels to match your chart's style.
  
• Analyze: Review the high, low, and their difference directly on your chart for immediate insights into past price movements.
  

Notes

• Ensure your chart has sufficient historical data for the indicator to function properly.
  
• Customize label visibility and colors based on your preference and trading strategy.
  

22. Dez. 2024

Versionshinweise

Added a line chart to visualize the difference of high and low if X (e.g., 1000th) bar from the current one. X can be adjusted as needed.