OPEN-SOURCE SCRIPT
Highest High, Lowest Low
Hi guys,
This is a simple indicator that I think looks 😎
Basically just determines what the Highest High and the Lowest Low for X bars is.
As many of you know, moving averages are quite susceptible to noise ~ I like how how this really shows key inflection points on the chart and reduces trade signal chop which leads to losses.
Seems to be a good system to use with bull flags, on tickers like: BTCUSD, TQQQ, SSO, SPX etc.
Spread from Moving average indicator is available under my other scripts -- seems to indicate when price momentum is starting to stall by price not moving further away from the moving average. That would indicate good points to take profits, as price will likely do a mean reversion 😭
This is a simple indicator that I think looks 😎
Basically just determines what the Highest High and the Lowest Low for X bars is.
As many of you know, moving averages are quite susceptible to noise ~ I like how how this really shows key inflection points on the chart and reduces trade signal chop which leads to losses.
Seems to be a good system to use with bull flags, on tickers like: BTCUSD, TQQQ, SSO, SPX etc.
- Highest High and Lowest Low lookback periods can be changed to your needs
- Have included a Moving Average
- Will be coding a strategy for this in the next couple of weeks.
- Have included in an alert system
Spread from Moving average indicator is available under my other scripts -- seems to indicate when price momentum is starting to stall by price not moving further away from the moving average. That would indicate good points to take profits, as price will likely do a mean reversion 😭
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.