Low - High Simple TrackerYet another "Low - High" indicator using the new Pine Script Arrays.
The indicator uses the latests Lows and Highs to plot a trend line and reversal/slowdown.
More detailed explanation inside the script.
Enjoy!
Green - Up Trending
Red - Down Trending
White - Slow Down/Reversal might occur.
Made for educational purposes of how to use Arrays, yet can be very useful.
High-to-low
CL_PHOrange line (OL) to be used with up trends and Red line (RL) to be used with down trends.
When price and the OL increase together buy calls, reentry or additional buys made after price bounces off of RL.
When price and the RL decrease together buy puts, reentry or additional buys made after price bounces off of OL.
Another opportunity to buy more or reenter is after OL/RL is flat and price follows OL/RL again.
Simplistic yet effective when combined with proper risk management.
52 Week High/Low52 Week High / Low Indicator
A simple, unobtrusive indicator that can be used on any timeframe to display the 52 week high/low values.
Features
Works on any timeframe.
Unobtrusive: Simple horizontal lines showing only the current 52 week values.
Allows the user to select whether to calculate the 52-week values from candle close values or the respective highs/lows.
For full overview and code commentary - Visit the backtest-rookies website.
