Last Two Highest High and Lowest Low Lines – Yearly Quarterly, Monthly, Weekly, Daily, 4 Hour and 1 Hour

v10.3
Last Two Highest High and Lowest Low Lines – Yearly Quarterly, Monthly, Weekly, Daily, 4 H ...

At the start of a new period this indicator draws lines connecting the previous two periods highest highs and previous two lowest lows. It then projects these lines forward throughout the latest period.

It can find the last two yearly, quarterly, monthly, weekly, daily, 4 hourly and 1 hourly highest highs and lowest lows and draw lines connecting them and projected forward until the start of a new year, quarter, month, week, day, 4 hour period, 1 hour period when new lines are drawn.

You can turn on or off the lines connecting the highs and lows and also turn off the projected lines using the settings ‘Lines’ and ProjectedLines’.

The indicator can be used on any time frame chart but if there is not enough data to provide two HH or two LL then it won’t draw any lines for that time period. You can only draw slower time frame lines on a faster time frame chart so for example you obviously cannot draw H1 lines a daily chart

For daily calculations Sunday candles are included in Fridays data so the projected lines on a Monday are from the Thursday daily HH and daily LL and the daily HH and daily LL of Friday and Sunday combined. Weeks start at the open of the Sunday candle.

Each line is labelled at its end. If projected lines are shown then the label is at the end of the projected line if not then it is at the end of the line connecting HH’s and LL’s. Because it is not possible to draw something and then delete it there are no labels on the last  projected lines shown on the chart. To overcome this issue you can add my other ‘Last Two Highest High and Lowest Low as Horizontal Lines – Yearly Quarterly, Monthly, Weekly, Daily, 4 Hour and 1 Hour’ indicator to your price chart and turn off the values and lines in that indicator. This will give you up to date labels.

The projected lines can go a little wobbly on very fast time frames which I assume is due to missing candles messing up the barindex value used in the projection calculations.

Apply only to the price chart

The lines can be used as support and resistance or for breakout trading – however you wish.

It will be slow to draw if you want every line drawn on a lot of historical bars.

I suggest downloading and importing the indicator to get full functionality.

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Vonasi • 04/11/2019 #

    There has been a minor bug fix as lines were drawn incorrectly if both HH or both LL values were identical. The code and ITF file in this library post have been updated. Anyone who has already downloaded or copied the code should now download v1.1 or copy the amended code found here.

  2. Vinks_o_7 • 04/11/2019 #

    Thanks !

  3. dario ti • 04/11/2019 #

    Thank you!

  4. Razz • 04/11/2019 #

    Hello Vonasi super indicator! is it possible to extend the indicator by the time scales M10 and M5?
    Thank you

  5. Razz • 04/11/2019 #

    Hello Vonasi
    I found out myself how I can change it.
    Thanks again for the indicator

  6. Pottar24 • 04/11/2019 #

    HI Razz can you tell how you managed to do it ?

  7. Pottar24 • 04/11/2019 #

    VONAZI super indicator thank you. Can you provide me a code that gives me the two latest max e min without any drawn lines? Thank you very much

    • tobytarczy • 04/11/2019 #

      hi,

      Is there a simple way to draw downwards and upwards trend lines on a specific timeframe. For example on a monthly chart the downward trend line would take the barindex with the high point and then look for the next barindex with the second highest point, and same for the third point. Included would be a parameter for the period as well. Now that i have played a bit with some coding I can’t see that this is too hard.

      I have an image I can share, however not sure how to do it from here.

      thanks in advance
      Toby

  8. Vonasi • 04/11/2019 #

    Images are not possible in library posts. It is best to start a topic in the forums.

  9. tobytarczy • 04/11/2019 #

    Apologies for not responding sooner. I have been busy completing a professional FX training course. To my earlier comment above, and from what I have been taught by a institutional FX trader the trend lines are crucial for the technical analysis in support of the the fundamentals. I am not sure of your situation however I am trying to establish these trend lines automatically as these need to be adjusted everyday at the start of the trading session for the currency pair in question within the prescribed timeframes being, monthly, weekly, daily and hourly. I am not a coder however I have been able to manipulate some PRT code to create automatic Fibs based on ABCD patterns. Would it be possible to have a dialogue whereby I can explain in more detail what I am trying to accomplish and get your opinion the best way in which to approach this. I don’t think it is difficult however there are some specific conditions that need to be considered for this to work in a way where the charts are automatically updated. I look forward to your response.
    All the best for now.

    Toby

    • Vonasi • 04/11/2019 #

      Sorry – I’m out sailing in Greece for the summer and not coding anything so I can’t help at the moment.

  10. tobytarczy • 04/11/2019 #

    Hi Vonasi,

    Sounds lovely, I race yachts around europe myself. Most regattas cancelled unfortunately.

    Enjoy the sailing, and if you have a chance once your back to look at the code I have been trying to piece together I would be very grateful. I am very keen on the “Projected Lines” feature you have incorporated as this is what makes the Trendlines work on the FX charts

    Many thanks
    Toby

  11. mlouys • 04/11/2019 #

    Hello Vonasi thank for your work ! A question how can we do it for minutes ( or 15 min or x minutes ) times frames ?

    Many thanks in advance !

    • Vonasi • 04/11/2019 #

      I think that would be possible but probably in a whole new indicator as detecting when a new 5 minute or x minute bar starts could lead to some incorrect lines being drawn on slower time frame charts as we need to use the MOD instruction to test if our x divides into the closing time of each candle – which it would do a lot on slow charts. I’m a bit busy right now (sailing) but I’ll try to find some time to adapt it if I can…. don’t hold your breath though!

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
cdc.andersson Hello, I´m trying to paste the code and start testing but can´t get it to work in PRT. Shoul...
Lupo32 Thank You Aaron
superfalcio I'm having no more issue on the new Prorealtime release 11.1
Paris On est bien d accord que l indicateur repeint ....
Nicolas naturellement si la bougie du timeframe supérieur n'est pas terminé
ThePenntChemist Does this show 5min time frame?
Roland57800 Bonjour Noobywan, si je comprends bien l'utilisation de ce code que je trouve particulièr...
Noobywan Bonjour, quand la question a été posée dans le forum à celui qui avait fait la requête en am...
Guibourse Hi, I'd like to increase the thickness of support and resistance lines. I do not think that ...
JJ Tec Hello. Thanks for the great contribution of the indicator. At the moment, I have modified i...
Khaled Hi Vonasi, I tried to embed your PP Fractals code in a Strategy and it seems to be a good fi...
IV Mcm I don't speak English and the translation is not clear. Do you have a different turn of ...
IV Mcm stonk ?
samsampop Thanks very much for sharing, look forward to testing this idea out.
fazel53 How do i attach this indicator to my mt5 platform?
Nicolas You can't! All indicators here are for ProRealTime trading platform: https://www.prorealtime...
Manu L. Bonjour Nicolas, j'ai créé un screener avec l'aide à la prog en TF weekly mais je voudrai...
wtangsiri C'est exactement le même signal que donne le croisement et le décroisement de deux EMA (7 et...
PHAN100 bonjour, j'ai un bug sur le programme recopié prorealtime me dit qu'il y a un problème à ...
PHAN100 bonjour, bravo à l'auteur pour cet indicateur visuel sur le graphique, il nous reste à va...
mistersylv What parameter should we change to make another channel appear in the higher or lower time u...
yeoreum Thank you very much for the screener, it reminds me on Minervini VCP. How to change th...
reecet any codes like this but in minutes and hours rather than days?
PHAN100 bonjour, je viens de tester ce screener, je constate une anomalie...il ne renvoie pas l'e...
Oxxoz Re bonjour Vivien, Il me smeble que 3 mois, c'est 60 séances. Cordialement,
Vinks_o_7 thanks ...and It can be used on a monthly and weekly basis by changing just the duration in ...
Randy33 Very very nice! How can i change the price in the code? Like to screen only smal caps (Price...
nicko Many Thanks Viv. It looks good
Nokis Bonjour Vivien, Comment je peux faire pour adapter ton code afin: De cibler les sociétés q...
Bard Hi @Vonasi, this is an excellent tool! I noticed you times by 180 and was wondering why? W...
Bard I have no idea what is wrong with the posting on this website. I have problems editing posts...
Bard And now my first post displays okay? It literally had copies of my orig post all added toget...
Maxime Csls Bonjour Vonasi, Bravo pour ton travail ! Est-il possible de créer un screener quand le prix ...
amitoverseas40 Hi Vonasi, I find this indicator very useful. May I request , if you can, to please modify a...
Nicolas Please open a new topic in the ProScreener section, someone will code this request quickly.
Bhanu Pratap Great Work Sir, Hats Off.
bolsatonimora2 Hi Roberto, It is possible to modify this indicator which it marks the supports and resist...
robertogozzi What do you mean by "very high volume"? What do you want to be printed exactly?
Vonasi
3 years ago
Maxime Baudin Very interesting for monthly stock market strategies, thank you Vonasi! :)
Byggtrader Hi Nicolas! How do I get the indicator in the price chart? It only stays under i new chart.
Nicolas Just add it on the price chart by using the wrench on the left upper side of the chart (pric...
Bard Very interesting approach Vonasi! I'm getting a 404 error when trying to download though?
Vonasi I just tested and I was able to download with no error.
Psari Hi Vonasi, I am a newbie and was wondering whether you could possibly help me with this pro...

Top