1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
52-Week High calculates the 52-week high using the highest high value and displays it as a line with optional label showing distance from the current price as a percentage. The script includes a proximity alert based on configurable percentage and can show the high price on the right axis. Users adjust line color, width, style, label size, gap above the line, and bars before the high. The indicator repaints on the live bar as signals can change before the candle closes.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Line Color
color
color.new(color.orange, 0)
lineColorHigh
Line Width
int
2
lineWidth
Line Style
string
Solid
lineStyle
Show Label
bool
true
showLabel
Show Distance From Current Price
bool
true
showDist
Show Price on Axis
bool
true
showPriceLabel
Line Before High (bars)
int
7
leftBars
Label Size
string
Normal
labelSize
Label Gap Above Line (ATR)
float
0.15
labelGapAtr
Proximity Alert (%)
float
2.0
alertProxPct
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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