OS HiLo Tracking — Indicator by ownsov

supportandresistance billwilliams horizontal hline horizontallines profitunity

Indicator plots a dynamic horizontal line for tracking the highest high and/or lowest low in your desired time-period.

You can select both the period, and whether an alert is produced when the price crosses the last highest high or lowest low.

When used when other Williams indicators, this can help you set your trailing stop for profit-taking.

Release Notes:

Alert text is fixed. Nos the right message is displayed when a HiLo crossover occurs.

Release Notes:

Correct indicator preview is shown.

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.

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