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Highlowtrading

PrevHighLow Trend IndicatorPrevHighLow Trend Indicator which is calculated by using prev lowest and highest of p1 -period and p2 -period for two MAs. First MA is made of prev highest of p1-period / prev lowest of p1-period. Second MA is faster, made up of p2(<p1)- period(same formula). Can be used in the next way: slower MA(straight line) shows main trend, faster shows temporary trend. BUY, when first MA and second MA are green; Exit: second MA changes from green to red. SELL, when first MA and second MA are red; Exit: second MA changes from red to green. RSI Assistant basically filtres signals in the way, when signals from RSI and Faster MA are similar? it signals about it with labels: BUY for long, SELL for short. You can either enable or disable it. Also customizable so you can find your setup. RSI Assistant, depending on you customize it, can help you either follow trend or show reversals. Just find your own setup and watch things happen! Feel free to leave valuable feedback and your setups which you consider to be good. Hope you PHLTI usefull. Good luck!
Pine Script® indicator
by tarasenko_
Updated Aug 26, 2022
33

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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