Max - min - ML - top/bottom GP — Indicator by alexhyer13

This script keeps track of historical max's and min's and calculates the midline and top/bottom GP fibs off that.

The way it calculates max/mins is unique as it's a two-step customizable process. In settings, there are two adjustable parameters; length and lookback.
The length parameter defines how many candles the max/min will be saved for. If the last recorded max/min happened longer than the length variable it will reset.
The lookback parameter comes into play when a max/min is reset. It simply looks back x candles and gets the new max/min from that

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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