OPEN-SOURCE SCRIPT
Mountain Climber Dude 🧗
How the logic works:
The Anchor (The Clip): The script tracks the highest price reached over a user-defined period (the "Lookback"). This represents the last point he "clipped" his rope.
The Climber: Represented by a climber emoji (🧗), he always sits at the current price.
The Rope: A dynamic line connects the Anchor to the Climber.
Climbing: When the price makes a new high, the climber moves the anchor up with him (the rope is short/taut).
Falling: When the price drops, the anchor stays at the top, and the rope stretches down to the climber, showing him "dangling" or falling from the high.
The Anchor (The Clip): The script tracks the highest price reached over a user-defined period (the "Lookback"). This represents the last point he "clipped" his rope.
The Climber: Represented by a climber emoji (🧗), he always sits at the current price.
The Rope: A dynamic line connects the Anchor to the Climber.
Climbing: When the price makes a new high, the climber moves the anchor up with him (the rope is short/taut).
Falling: When the price drops, the anchor stays at the top, and the rope stretches down to the climber, showing him "dangling" or falling from the high.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.