Close below low of high bar (or vice versa)?

[KC8]

Close below low of high bar (or vice versa)?
I am not looking for a breach of proprietary content, but Henry Gamble (SimplerTrading.com) uses thinkscript that paints a down red arrow above the next candle that closes below the low of the candle that prints the highest high over the previous "X" number of candles. I have not found anything on useThinkscript.com that accomplishes this. Does anyone on this forum have any suggestions or thinkscript that is not proprietary? Thanks!

 

[SleepyZ]

Close below low of high bar (or vice versa)?
I am not looking for a breach of proprietary content, but Henry Gamble (SimplerTrading.com) uses thinkscript that paints a down red arrow above the next candle that closes below the low of the candle that prints the highest high over the previous "X" number of candles. I have not found anything on useThinkscript.com that accomplishes this. Does anyone on this forum have any suggestions or thinkscript that is not proprietary? Thanks!

View attachment 19265

This uses the TOS PriceChannel (Donchian Channel) to determine the hhighs and llows. You can hide the hhighs and llows values plotted for testing. An arrow will plot when your criteria is true.

#Close_below_low_of_high_bar_or_vice_versa?
#
# TD Ameritrade IP Company, Inc. (c) 2007-2023
#

input displace = 1;
input length = 20;
input hide_plots_hh_abd_ll = no;

plot LowerBand = Lowest(low[-displace + 1], length);
LowerBand.SetDefaultColor(GetColor(8));

plot UpperBand = Highest(high[-displace + 1], length);
UpperBand.SetDefaultColor(GetColor(1));

def low_of_hh = if high[1] == UpperBand[1] and high != UpperBand then low[1] else if close[1] > low_of_hh[1] then low_of_hh[1] else Double.NaN;

plot low_of_hhigh = if high[1] == UpperBand[1] and high != UpperBand then low[1] else Double.NaN;
low_of_hhigh.SetPaintingStrategy(PaintingStrategy.VALUES_BELOW);
low_of_hhigh.SetHiding(hide_plots_hh_abd_ll);

plot close_below_low_of_hh = if close < low_of_hh then 1 else Double.NaN;
close_below_low_of_hh.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
close_below_low_of_hh.SetLineWeight(5);

def high_of_ll = if low[1] == LowerBand[1] and low != LowerBand then high[1] else if close[1] < high_of_ll[1] then high_of_ll[1] else Double.NaN;
plot high_of_llow = high_of_ll;
high_of_llow.SetPaintingStrategy(PaintingStrategy.VALUES_BELOW);
high_of_llow.SetHiding(hide_plots_hh_abd_ll);

plot close_above_high_of_ll = if close > high_of_ll then 1 else Double.NaN;
close_above_high_of_ll.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
close_above_high_of_ll.SetLineWeight(5);

 

[KC8]

This uses the TOS PriceChannel (Donchian Channel) to determine the hhighs and llows. You can hide the hhighs and llows values plotted for testing. An arrow will plot when your criteria is true.

Thanks SleepyZ & MerryDay