OPEN-SOURCE SCRIPT
Telah dikemas kini

Rolling HH with Future Projection

183
Highest High line of last X bars
Plus a deferred line which shifts the first one by factor Y
Nota Keluaran
What the indicator does

Draws two lines.
The 1st HHline shows the Highest High line of last X bars. Plus a prolongation for the next X bars.
This prolongaton pretends that there will be no more higher highs in the future. What off course will often, but not always be the case.
2nd line is a deferred line which shifts the first one by factor Y


How is it working

Collecting the HHs of the last X bars, storing them in an arryay.


Use-case

Trade setup 'return to the mean'. Factor < 1.0, so derived line is below HHline. When derived line is thouched/crossed, then there is a correction by factor Y below the HH of the last X bars.
In case the derived line isn't hit yet, how much time and space is left to accomplish that? The prolongation gives an estimation.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.