Since having been at this Trading thing since 1983 I know for a fact that marking and following Highs and Lows and the Higher highs and Lower lows in between "Tops" and "Bottoms" since nearly the beginning of time. This script shows those highs and lows based on three candles where the middle candle will be your Hi or Lo. The idea here is to at say a "Bottom" to locate the Red lowest Lo, then a red or Green Hi and finally a "Green" higher Lo. This outline typically can indicate a reversal point. The same is also true of "Tops" in where you will see the "green" highest hi followed by a green or red Lo. The last point should be a "RED" lower Hi from which to potentially sell. The script does not always abandon a Hi for a newer hi where there is no lo between them, and the same is also true of lows. You can manually place in a triangle icon and putting a proper color to it. Higher "Highs" and higher "Lows" are marked in Green and lower highs and lower lows are marked with red. I personally use a 13 SMA which shows candles/price fully below it when heading down and fully above the SMA when heading up. This script should be used in conjunction with perhaps one other indicator of your preference. Enjoy and build.
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
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