New Highs & New Lows – Marker

New Highs & New Lows – Marker (with Equal Highs/Lows)

Description

This indicator automatically highlights new highs and lows on your chart. It works in two modes:

All-Time Mode (Lookback = 0): Marks all-time highs and lows since the start of the chart.

Lookback Mode (Lookback > 0): Marks new highs or lows relative to the last N bars.

Both new extremes and equal highs/lows (ties) can be visualized with different colors and shapes. Alerts are included so you can be notified as soon as new highs or lows appear.

Use this tool to quickly spot breakouts, double tops/bottoms, or potential support/resistance levels.

Features

✅ Detect new highs and new lows
✅ Highlight equal highs and lows (ties)
✅ All-Time or rolling lookback mode
✅ Option to show only highs, only lows, or both
✅ Customizable colors and markers
✅ Built-in alerts for all conditions


Inputs & Settings

Mode: Choose between

• Both → Show both highs and lows
  
• Only Highs → Show only highs
  
• Only Lows → Show only lows
  

Lookback:

• 0 → All-Time Highs/Lows (since the beginning of the chart)
  
• >0 → Rolling highs/lows based on the last N bars
  
• Show New Highs/Lows: Toggle visibility of fresh highs/lows
  
• Show Equal Highs/Lows: Toggle visibility of ties (same high/low as reference)
  

Colors:

• Green → New Highs
  
• Orange → Equal Highs
  
• Red → New Lows
  
• Orange → Equal Lows
  

Alerts

• The indicator includes 4 alert conditions:
  
• New High – when a bar creates a higher high
  
• Equal High – when a bar touches the same high
  
• New Low – when a bar creates a lower low
  
• Equal Low – when a bar touches the same low
  
• To enable, simply add an alert in TradingView and select the desired condition.
  

How to Use

Add the indicator to your chart.

Choose Lookback = 0 to track all-time highs/lows, or set a number (e.g., 20) for a rolling window.

Select Mode → Highs only, Lows only, or Both.
Customize colors and alerts to fit your strategy.
Watch for markers above/below bars:
Triangles Up (above candles) → Highs
Triangles Down (below candles) → Lows