British Pound within tight range.
study("Bars within N-Period Closing High/Low") numberofbars = input(52, "Bar Period") pricehigh = highest(close, numberofbars) pricelow = lowest(close, numberofbars) newhigh = close > pricehigh[1] newlow = close < pricelow[1] priceextreme = newhigh or newlow plot(series=barssince(priceextreme), title="Bars Within N-Period Extreme", color=red, style=histogram, linewidth=2, editable=true) //Adaptation of idea provided by Jamie Saettele, Senior Technical Strategist for DailyFX.com