horizontal line on common wick high / low

[chapchaps]

Hello everyone, looking for some guidance.

I'm trying to find a way to draw a horizontal line across the chart when two candles wicks have the same high / low going back 1 day with a tolerance of 1 or two pips/points.

maybe I'm looking for the wrong description of what it is, material I've read has called it two candles "common high / common low" or "relative high / relative low" and sometimes "match high / match low" but I cant find any indicator which provides this.

Am I using the wrong term in my searches etc. any help is very much appreciated. thanks!

[NinjaTrader_Jesse]

Hello chapchaps,

I am not aware of a specific pre made item like that. How do you determine the common high price to use? What you described could certainly be made but it would require some kind of calculation to generate the common high price and then you could loop over the previous bars to find if that price happened at the time which you wanted to draw the line between.

[chapchaps]

Its simply when a wick on any chart has the same high between two candles. or the same wick low.

it would simply draw a horizontal line if two candles in the last hour had the same low or same high. or over the last 24 hours. really any setting you want.

[NinjaTrader_Jesse]

Hello chapchaps,

That could occur for multiple bars within a time period, are there any other criteria to make the condition more specific? For example are you trying to draw a line between the highest bars for that time period where the price also matches? Or did you want multiple lines draw wherever the prices match?