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 😭
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.