Highest Price Marker – Smart Label & Line Indicator This Pine Script v5 indicator highlights the highest price reached within the last 100 bars on your chart. It visually enhances key price levels by:
✅ Placing a label at the highest price, positioned 3 candles to the left for clarity. ✅ Drawing a line connecting the label to the actual high for better visibility. ✅ Auto-updating dynamically whenever a new highest price is detected.
This is useful for traders who want to quickly identify resistance levels or analyze historical price peaks without cluttering the chart.
🔹 How to Use:
Add the indicator to your chart. Look for the red label marking the highest price within the last 100 bars. The horizontal line helps track the exact price level. 💡 Customization Ideas:
Adjust the lookback period (length = 100) to detect longer or shorter trends. Modify colors or label positioning to suit your preferences. 🚀 Perfect for: 🔸 Price Action Traders 🔸 Swing & Breakout Traders 🔸 Support & Resistance Analysis
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. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
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