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Highest High/Lowest Low (HILOW)
The study plots the highest high and the lowest low for the number of periods you specify.
Parameters:
- HighestHigh Period (20) - the number of bars, or interval, used to determine the highest high.
- LowestLow Period (1) - the number of bars, or interval, used to determine the lowest low.
Computation
The mathematics define an envelope of values by using the highest high and lowest low over a duration of n prior periods.