Mr.Snake Chanell
Mr.Snake Chanell
study("Mr.Snake Chanell", overlay=true)
Mr_Snake_Chanell = input("D")
Range = input(1)
SELL = security(tickerid, Mr_Snake_Chanell, highest(Range))
BUY = security(tickerid, Mr_Snake_Chanell, lowest(Range))
HI = plot(SELL, color=SELL!=SELL[1]?na:black,linewidth=1 )
LO = plot(BUY, color=BUY!=BUY[1]?na:black,linewidth=1 )
fill(HI, LO, color=white, transp=80)
Hcon = high >= SELL
Lcon = low <= BUY
plotshape(Hcon, style=shape.xcross, color=black, location=location.abovebar)
plotshape(Lcon, style=shape.xcross, color=black, location=location.belowbar)
range = SELL-BUY
Mr_Snake_Chanelli = input('W')
M_HIGH = security(tickerid, Mr_Snake_Chanelli, high)
M_LOW = security(tickerid, Mr_Snake_Chanelli, low)
plot(M_HIGH, color=M_HIGH != M_HIGH[1] ?na:blue, style=line, linewidth=2)
plot(M_LOW, color=M_LOW != M_LOW[1] ?na:blue, style=line, linewidth=2)
length = input(2)
hls = rma(hl2, length)
isRising = hls >= hls[1]
Knowing the previous high and at least you can predict the future price, the script indicates that for you.
You can change the weight and length and cross of your choice in the settings