Higher Timeframe High & Low [ChartPrime]

anteontem

his is a Pine Script code for TradingView, specifically designed to display higher timeframe highs and lows on a chart. Here's a breakdown:


Features:

1. Displays higher timeframe highs and lows.
2. Optional trend line.
3. Breakout labels.
4. Extension lines for highs and lows.
5. Color-coded bars for trend direction.
6. Fill option for overbought/oversold zones.


Inputs:

1. extension: Number of bars to extend highs and lows.
2. timeframe: Higher timeframe to use.
3. separator: Show period separator.
4. show_trend: Display trend line.
5. show_break: Show breakout labels.


Variables:

1. pricehigh, pricelow, price_avg: Higher timeframe high, low, and average.
2. high_break, low_break: Breakout conditions.
3. check: Flag for breakout direction.
4. color, color1, colorDn, colorUp: Color variables.


Calculations:

1. Retrieves higher timeframe high and low using request.security.
2. Calculates average price.
3. Checks for breakouts.
4. Updates colors based on breakout direction.


Visuals:

1. Plots highs, lows, and average price.
2. Displays breakout labels.
3. Draws extension lines.
4. Colors bars based on trend direction.
5. Fills overbought/oversold zones.


To use this script:


1. Open TradingView.
2. Create a new indicator.
3. Paste the code.
4. Adjust inputs to suit your needs.
5. Add to chart.


Would you like me to explain any specific part of the code?