Technical Studies Reference
Highest High/Lowest Low Over N Bars
For each bar in the chart, this study draws a line at the level of the highest High of the last N bars including the currently calculated bar. N is set with the Length Input.
And for each bar in the chart, this study draws a line at the level of the lowest Low of the last N bars including the currently calculated bar.
This study is also known as the Donchian Channel. Sierra Chart also provides a Donchian Channel study. This study is the same except that the Donchian Channel study is displaced forward by 1 bar by default.
This study can also be displaced by 1 or more bars by using the Displacement setting on the Subgraphs tab in the Study Settings window for the study.
It is possible to calculate the difference between the Highest High and the Lowest Low study Subgraph values. To do this add the Study Subgraphs Difference study to the chart and set it to reference the Highest High and Lowest Low Subgraphs in the Highest High/Lowest Low Over N Bars study.
This study can also be based on another study to determine its highest high and lowest low over the specified number of bars by using the Based On setting. If you want the highest high and lowest low calculation to be based only on a single Study Subgraph of the study that this is based on, then set the Input Data High and Input Data Low to refer to the same Subgraph.
*Last modified Wednesday, 16th August, 2017.