Bars within N-Period Closing High/Low
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