====== Hourly High Low ======

The “Hourly High Low” indicator finds the highest price and the lowest price of the underlined instrument during a predefined time interval.

{{ :indicators:hourly-high-low.png |Hourly High Low}}

We set three parameters:

  - Start Time – determined by the Start hour and Start minutes figures. As it’s shown on the picture – the starting hour is 08:17 H.
  - End Time – determined by the End hour and End minutes parameters. On the picture is shown end time 13:24 H.
  - Vertical shift – this number allows us to move the Upper and the Lower prices by defined number of pips.

===== Application =====

The indicator checks all the bars which opening prices are between Start Time and End Time:

Start Time <= Bar Open time < End Time

<WRAP center round info 60%>
We can apply "Hourly High Low" indicator on 4H or lower time frame.\\
It will not work properly on a daily or weekly chart. 
</WRAP>

If you apply this indicator on an hourly chart, the indicator will select the High / Low prices of bars that start at: 09:00, 10:00, 11:00, 12:00 and 13:00.

08:17 < 09:00 ... 13:00 < 13:24

The same applied on a 4H chart will return the High and Low of the bar that starts at 12:00.

08:17 < 12:00 < 13:24

The found High / Low prices during the chosen time interval are valid till the end of the time interval on the next day. 

{{ :indicators:hourly-high-low-example.png |Example}}

The vertical shift expands or contracts the price limits:

  - Positive Vertical Shift – it raises the High price and lowers the Low price by the selected number of pips;
  - Negative Vertical Shift - it lowers the High price and raises the low price by the selected number of pips.

{{ :indicators:hourly-high-low-vertical-shift.png |Hourly High Low - Vertical shift}}