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HOME > Indicators > ThinkOrSwim > High Of Low Of High Indicator for ThinkOrSwim

High Of Low Of High Indicator for ThinkOrSwim

Indicators , ThinkOrSwim

The HighOfLowOfHigh Indicator is a specialized ThinkOrSwim tool that identifies specific price patterns, focusing on High of Low Bar (HOLB) and Low of High Bar (LOHB) conditions. By automatically marking these reversal points and incorporating customizable alerts, this indicator assists in analyzing price movement and identifying potential turning points.

Key Features:

  1. Customizable Lookback Period:
    • Allows for setting a custom lookback range to define the scope for evaluating highs and lows.
    • Adjusts to various market conditions and timeframes, providing versatility across trading contexts.
  2. Price Channel Display:
    • Plots the highest highs and lowest lows within the lookback period to form a price channel.
    • Optional visibility settings provide either a streamlined or detailed chart view.
  3. High of Low Bar (HOLB) Detection:
    • Recognizes when a bar has the lowest low within the lookback range and highlights it if the price subsequently closes above that bar’s high.
    • Marks this event with a distinct upward arrow, signaling a potential bullish reversal.
  4. Low of High Bar (LOHB) Detection:
    • Identifies bars with the highest high in the lookback range and flags if the price closes below that bar’s low.
    • Plots a downward arrow to signify a potential bearish reversal.
  5. Visual Markers and Alerts:
    • The HOLB condition is highlighted with a light orange up arrow, and the LOHB condition is marked with a yellow down arrow, allowing these patterns to be easily spotted.
    • Customizable alerts notify when HOLB or LOHB conditions are met, assisting in monitoring significant price levels.
  6. Exponential Moving Average Option:
    • Optionally overlays an exponential moving average based on the lookback period, adding another perspective for tracking price movement.

Indicator Overview:

The HighOfLowOfHigh Indicator helps to identify critical price reversals by detecting HOLB and LOHB patterns and marking them directly on the chart. Optional features, such as the price channel and moving average, offer additional context to price action, while visual markers and alerts support helping to keep track of these key reversal conditions.


High Of Low Of High Indicator for ThinkOrSwim

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30.00 USD

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Who are we?
My indicators is born as an idea from passionate people that love the market. We are a young team that creates indicators to make trading more productive and efficient. We are 100% Swiss based. Discover our vast collection of indicators and become part of the future of trading.
What do we offer?
We offer a wide range of market indicators designed to improve your trading efficiency and insights into market trends.
How can you join us?
Joining us is easy! Visit our website and sign up to get access to exclusive market insights and indicators.
How much does it cost?
Creating a reliable indicator takes time, that’s why every indicator comes with a particular price. We make indicators for NinjaTrader, MT4, MT5 and TradeStation. If you can’t find your platform, don’t worry, we are probably working on it.

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