Visualizing Extreme Price Distributions with a Vertical Histogram
Summary
This document introduces an indicator that draws a vertical histogram representing the distribution of extreme prices. It identifies the author and says the indicator was originally written for MQL4 and published in 2012. The available description is brief: it names the display concept and lists controls for the calculation period, the starting level of the drawing, histogram scale, and color.
No calculation formula, sample chart interpretation, trading rule, or performance evidence is provided in the text. As a result, the document supports only a basic understanding of the indicator’s purpose and configurable display, not conclusions about how extreme-price distributions should guide entries, exits, or risk. Users would need the indicator itself or further documentation to determine precisely how extremes are defined and what the plotted distribution means in practice.
Key ideas
- The indicator displays a vertical histogram of extreme prices.
- Its inputs control the calculation period and the histogram’s drawing position, scale, and color.
- The document says the indicator was originally written for MQL4 and published in 2012.
- It does not explain the calculation method or provide trading results.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.