Imagine a Funny and visual way to understand Highest Highs and Lowest Lows. That's the way this indicator was conceived.
The way it Works: The indicator plots lines in highest highs or lowest lows from a period of "Bars", you only have to set the number of Bars you wanna use and the indicator Makes all the stuff. This is a Long term Indicator, so it can Show useful Floors or Roofs from higher Timeframes:
Cristal = Five Min Bars Paper = thirty Min Bars Plastic = 1 Hour Bars Wood = 4 hours Bars Metal = Daily Bars
But wait... There is something better than that...
If The Floor or Roof Brokes, the indicator will plot a dashed line and a label ¨Broken Roof or Floor¨ u can use it to set a Limit Order or Stop Order, and wait for the pullback. Do you want some useful Advice ? Check the junctions from Floor or Roofs that are overlayed in some level.
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 publications is governed by House rules. คุณสามารถตั้งเป็นรายการโปรดเพื่อใช้บนชาร์ตได้