I've browsed through this forum but I didn't find an indicator that automatically detects if a higher high / lower low has been made after a strategy signal (irrespective of the strategy).
The indicator should look for the last Swing High / Low "Swing No.1" and compare it to the Swing High / Low before that "Swing No.2". If "Swing No.1" is higher / lower than "Swing No.2", then a new high / low has been made and the condition is set to true.
If someone is aware of an indicator that resembles the above description I'd very much appreciate if he/she could let me know.
Thanks
Comment