The indicator shows in the price chart the lowest top and the highest bottom over the last N periods. You can also use it to enable displaying the highest top and the lowest bottom.

It has three input parameters:

  • Reverse period - period for calculating the highest bottom and the lowest top;
  • Show Min/Max lines - switch to display levels Min/Max (Yes/No);
  • Min/Max period - periof for calculating the Min/Max of the highest bottom and the lowest top.

Calculations:

ReverseMin[i] = Low[HL]
ReverseMax[i] = High[LH]
Min[i] = Low[LL]
Max[i] = High[HH]

where:

  • HL - the highest bottom index over the Reverse period;
  • LH - the lowest top index over the период Reverse period;
  • HH - the highest top index over the Min/Max period;
  • LL - the lowest bottom index over the Min/Max period.

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Fig.1 Displaying the highest Max and the lowest Min is disabled (by default)

Fig.2 Displaying the highest Max and the lowest Min is enabled