OPEN-SOURCE SCRIPT
Highest Lowest Trend
The Highest Lowest Trend (HLT) combines adaptive price levels, intelligent trend detection, and clean visual design into one powerful trading tool. This innovative indicator automatically identifies market direction and potential reversal points, helping traders make informed decisions with confidence.
✨ Key Features:
- Smart trend detection with adaptive price levels
- Real-time market direction signals
- Customizable settings for any trading style
- Clean, minimalist visual design
📊 How It Works:
The indicator creates dynamic zones above and below price action:
- Cyan zones indicate potential uptrends
- Red zones signal potential downtrends
- Transparent design keeps your charts clean and readable
🎯 Perfect For:
- Identifying trend direction
- Finding potential entry and exit points
- Spotting market reversals
- Risk management
- Multiple timeframe analysis
⚙️ Customization:
Four simple settings allow you to fine-tune the indicator:
1. Highest Length: Adjusts the upper boundary sensitivity
2. Lowest Length: Controls the lower boundary responsiveness
3. Highest Multiplier: Fine-tunes upper level placement
4. Lowest Multiplier: Adjusts lower level placement
🎓 Pro Tips:
- Lower length values = More sensitive signals
- Higher length values = More stable trends
- Adjust multipliers to match market volatility
⚡ Get Started:
1. Add to your chart
2. Adjust lengths based on your timeframe
3. Fine-tune multipliers for your trading style
4. Watch for colour changes to identify potential trades
📌 Note: As with all technical tools, best results come from using HLT alongside other forms of analysis and proper risk management.
✨ Key Features:
- Smart trend detection with adaptive price levels
- Real-time market direction signals
- Customizable settings for any trading style
- Clean, minimalist visual design
📊 How It Works:
The indicator creates dynamic zones above and below price action:
- Cyan zones indicate potential uptrends
- Red zones signal potential downtrends
- Transparent design keeps your charts clean and readable
🎯 Perfect For:
- Identifying trend direction
- Finding potential entry and exit points
- Spotting market reversals
- Risk management
- Multiple timeframe analysis
⚙️ Customization:
Four simple settings allow you to fine-tune the indicator:
1. Highest Length: Adjusts the upper boundary sensitivity
2. Lowest Length: Controls the lower boundary responsiveness
3. Highest Multiplier: Fine-tunes upper level placement
4. Lowest Multiplier: Adjusts lower level placement
🎓 Pro Tips:
- Lower length values = More sensitive signals
- Higher length values = More stable trends
- Adjust multipliers to match market volatility
⚡ Get Started:
1. Add to your chart
2. Adjust lengths based on your timeframe
3. Fine-tune multipliers for your trading style
4. Watch for colour changes to identify potential trades
📌 Note: As with all technical tools, best results come from using HLT alongside other forms of analysis and proper risk management.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
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.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
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.