TICK high/low/ema — Indicator by krispa

Teal = Highest Tick of the period
Red = Lowest tick of the period
Yellow ema of ohlc/4

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?

//@version=2
//I have no clue of what I did here. Got no experience of programming. Feel free too improve. The TEAL Colored line indicates HIGHEST ticks of the period and the RED indicates LOWEST. The yellow is just a EMA of ohlc/4.
//could probably be used for trading mean reversals by long/shorting the low/high of the day in a sideways market.
study(title="TICK", shorttitle="TICK", overlay=false)

sym1 = "TICK", res1 = period, source1 = high
plot(security(sym1, res1, source1), color=teal, linewidth=2)

sym2 = "TICK", res2 = period, source2 = low
plot(security(sym2, res2, source2), color=red, linewidth=2)

hline(0, color=green, linewidth=1)
linje1 = hline(760, color=blue)
linje2 = hline(-760, color=blue)

medel = security("TICK", period, ema(ohlc4, 3))

plot(medel, color=yellow, linewidth=2)