Recent High/Low Dots by Alejandro P — Indicator by BlueCapitalTrading

highlowindex trendanalysis breakout highlow highlowdots

Simple indicator that plots a dot in the chart when a candle breaks the high of the past X candles.

This is useful to easily visualize when the market is coming out of a range and making fresh highs or lows relative to the past X candles.

It can be used in trend following systems as an additional filter for validation.

Release Notes:

Updated to pinescript 5 and added alert conditions for easy alert creation

Release Notes:

Corrected allertcondition so it now actually triggers.

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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