Script highs and lows.

This indicator of minimum and maximum prices for a certain time period is the main guideline when planning Forex transactions.

Thanks to it, you can not only determine where the price is now, but also predict the prospects for its further movement. The minimum and maximum script builds sequential lines that connect the maximum and minimum price values ​​for the day, week and month.

That is, you get not just levels, but certain graphic figures that characterize the trend and help assess the market situation.

The script is installed in the Indicators and added to the chart according to the standard scheme; only color settings can be changed.

As a result, we see daily, weekly and monthly price extremes and trend lines that indicate the direction of trend movement on the named time intervals.

When trading, the instrument is used as follows.

• We evaluate how close the price is to the minimums and maximums .
• We look in which direction the trend lines are directed.
• If the situation is favorable, we open a trade in the direction of the trend.

For example, the price is at a weekly low and begins to rise - we open a buy deal.
The script is more suitable for medium and long-term transactions.

Download Script highs and lows .