TAtrader

Highs & Lows by TaTrader

428 1 65
Hello,

This is my script for H&Ls. I am still working on it.

EDIT: be careful when using it!
It does NOT compare previous H&L levels with those in the making. It can only be used if you hold your positions a long time.
Remove from Favorite Scripts Add to Favorite Scripts
study("Highs & Lows by TaTrader", overlay = true)
time = input(title = "Timeframe (minutes)", defval = 240)

// Calculate Highs & Lows
low_m = lowest(low, 30*240/time)
high_m = highest(high, 30*240/time)
low_w = lowest(low, 15*240/time)
high_w = highest(high, 15*240/time)

// Set up Highs & Lows
bottom_m = valuewhen(low <= low_m[1], low, 0)
top_m = valuewhen(high >= high_m[1], high, 0)
bottom_w = valuewhen(low <= low_w[1], low, 0)
top_w = valuewhen(high >= high_w[1], high, 0)

// Draw Highs & Lows
// Important S&R Levels --> extend lines (hline)
plot(bottom_m, color=bottom_m != bottom_m[1] ? na : black, style = cross, linewidth = 2, join = true)
plot(top_m, color=top_m != top_m[1] ? na : black, style = cross, linewidth = 2, join = true)
plot(bottom_w, color=bottom_w != bottom_w[1] ? na : black, style = line, linewidth = 2, join = true)
plot(top_w, color=top_w != top_w[1] ? na : black, style = line, linewidth = 2, join = true)

// Breakthrough signals
plot(bottom_m, color=(close < bottom_m[1]) ? red : na, style = line, linewidth = 2)
plot(top_m, color=(close > top_m[1]) ? green : na, style = line, linewidth = 2)
plot(bottom_w, color=(close < bottom_w[1]) ? red : na, style = line, linewidth = 2)
plot(top_w, color=(close > top_w[1]) ? green : na, style = line, linewidth = 2)

plot(top_m, color=(close > top_m[1]) ? green : na, style = line, linewidth = 2)
plot(bottom_m, color=(close < bottom_m[1]) ? red : na, style = line, linewidth = 2)
plot(top_w, color=(close > top_w[1]) ? green : na, style = line, linewidth = 2)
plot(bottom_w, color=(close < bottom_w[1]) ? red  : na, style = line, linewidth = 2)

// PVT!!!
//plot((high_w - low_w) / (high_m[1] - low_m[1]) * rsi(hlc3, 14), color = black, join = true)
good
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out