PROTECTED SOURCE SCRIPT

Moving High & Low (2 Time Frames)

===========
Moving High & Low (2 Time Frames)
===========

A simple line set indicator displaying the highs and lows of the previous selected timeframe upon a lower timeframe chart (2 line sets available).
e.g. Displaying the Highs & Lows of the last week and/or month on the 1D chart

-----------

Useful for 2 very different approaches to trading markets -
Finding Breakout Points:
For example - When candlestick closes above or below highs from previous week/month it may be a good time to go long as if the trend continues it may well go on for a long time making lots of pips along the way!

Finding SAR points within a range:
For example - When price starts ranging within horizontal line sets that aren't moving either way too much it may be a good idea to place long/short orders at appropriate key levels dictated by these range extremities, anticipating the price to reach these levels and deflect (Stop & Reverse) back the other way.

Either way we would recommend you NOT use this indicator alone, this is very much a confirmation tool or as an aid to find key levels of support/resistance.

Good Luck and Happy Trading!
bottomsbreakoutHHhighHistorical VolatilityLLLOWmtfPivot PointsrangeSupport and ResistanceTOPS

Protected script

This script is published closed-source and you may privately use it freely.

Want to use this script on a chart?


Also on:

Disclaimer