This indicator will plot a line on your chart that shows the highest high point between two previous points on the chart. It does this by reporting the highest point of X number of candles, and begins the look-back X number of candles ago.
Default candle group size is 50, and default look-back begins 50 candles back.
With these settings, the script will essentially plot the highest high point between the candle that printed 100 candles ago, and the candle that printed 50 candles ago.
Options are available for looking for the highest point, or lowest point, with configurable distances in the look-back and candle group ranges.
This script was custom built by Pine-Labs for a user who requested it.
Hi.. its a very good script and idea... I have one suggestion.. can you please make both the highest and the lowest in one script.. instead of the drop down in the settings... we can trade as per the range in between or below or above... what say... We can add CWAP or any other moving average or linear regression line to users to select for a better view.. cheers.. thanks.. awaiting your reply...