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dman103

High/Low meter

dman103  
Trend Analysis High-Low Index array tunnel
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trendanalysis highlowindex array tunnel
Using the new 'pinescript' array support to build an High/Low tunnel meter.

Using the Array to save only X HIGHEST HIGHS and Y LOWEST LOWS.
By the X and Y i build a tunnel - X is the top line (highs) and Y bottom line (lows)

Green - Up Trending
Red - Down Trending
Yellow - Reversal / drawback might occur.
Appreciation of my work: paypal.me/dman103
Premium Pivot Points Algo Indicator: www.tradingview.com/script/LFBaHNuA-Pivot-Points-Algo/
LIVE Stream - Pivot Points Algo: www.youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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.

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