Higher/Lower Highs & Lows

This script prints higher highs, higher lows, lower highs and lower lows, as well as the last support or resistance line.

It can be configured with one parameter "lookback" which determines how fast the trend changes direction.

Alerts can be setup for each event.

Please note: the triangles are plotted with a 1 bar offset, meaning you will receive the alert 1 bar after, since the script is waiting for a price drop/climb to validate a higher/lower high/low.

Versionshinweise:

Use the link below to obtain access to this indicator

Versionshinweise:

Converted to pine v5
Added a setting to change the text colors

Versionshinweise:

Added new labels for each event with more customisation settings!
Old shapes are still usable in the style tab if needed.

Versionshinweise:

Increased max labels count to 500