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Highest High / Lowest Low
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Author:  fxozgirl [ Tue Nov 06, 2012 8:34 am ]
Post subject:  Highest High / Lowest Low
Guys...I've been trading forex for quite a few years now and I should know better by now, but this is one that just keeps confusing me. :oops:

Could one of our guru's please clarify exactly what is determined as the highest high or the lowest low?

Eg. If I want to determine the lowest low on a chart is the lowest low, the lowest point of a 'down' candle only or is it the lowest point of 'any' candle (ie. either an 'up' candle or a 'down' candle)

and vice versa for the highest high.

Also, when determining the HH or LL, does it matter how zoomed in I have my chart? EG. Obviously the more the chart is zoomed in, the less candles are displayed...in this case is their a prescribed length of time/number of candles I should look back at to determine HH/LL

(Anyone who answers, it would be great if you could attach a chart with some examples please :D )
Author:  Ben12 [ Tue Nov 06, 2012 10:59 am ]
Post subject:  Re: Highest High / Lowest Low
Hi

Maybe this can help: http://www.forexfactory.com/showthread.php?p=4375354
Author:  garyfritz [ Tue Nov 06, 2012 2:21 pm ]
Post subject:  Re: Highest High / Lowest Low
HH / LL depends on the context. You have to specify what bars you're looking at: the most recent 10 bars, the entire chart, whatever.

Are you trying to follow somebody's procedure or strategy? If so, you should find out how THEY define HH / LL. They might have their own oddball way of defining HH / LL. If you tell us what you're trying to do, maybe we can figure out the answer for your situation.

In code, and in most non-code situations, "Lowest Low" means just that -- the lowest Low. The absolute lowest tick during the period. Doesn't matter if the candle was up, down, or sideways. MQL (and most trading languages) define HH / LL functions that say "ending at candle N, what is the LL in the previous MM candles?"
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