Charts

High Low Bands (HLB)

High Low Bands (HLB)

The High Low Bands indicator consist of moving averages calculated from the underling price, shifted up and down by a fixed percentage of the median price.

Configuration Options

  • Field: Price or combination of prices to use as the base for average calculations. Possible values include:
    • Open
    • High
    • Low
    • Close
    • Adjusted Close
    • HL/2 \( \left ( \frac{High + Low}{2} \right ) \)
    • HLC/3 \( \left ( \frac{High + Low + Close}{3} \right ) \)
    • HLCC/4 \( \left ( \frac{High + Low + Close + Close}{4} \right ) \)
    • OHLC/4 \( \left ( \frac{Open + High + Low + Close}{4} \right ) \)
  • Period: Number of bars to use in the calculations.
  • Shift Percentage:
  • Channel Fill: Whether to shade the region between the bands.
  • Color Selectors: Colors to use for graph elements.
  • Display Axis Label: Whether to display the most recent value on the Y axis.