Masa_1234

3rd High Low

Masa_1234 Updated   
This is simple script to mark when higher high (or lower low) is made on continuously third day.
There likelihood of short term reversal next day. As usual, it is just likelihood and not certainty.
Release Notes:
//Purple and Blue marker added to show the 3rd Higher High or Lower Low respectively on the current timeframe.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?