OPEN-SOURCE SCRIPT
3rd High Low
Updated
This is simple script to mark when higher high (or lower low) is made on continuously third day.
There likelihood of short term reversal next day. As usual, it is just likelihood and not certainty.
There likelihood of short term reversal next day. As usual, it is just likelihood and not certainty.
Release Notes
//Purple and Blue marker added to show the 3rd Higher High or Lower Low respectively on the current timeframe.Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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