All-Time High ATH support - SantiCruz
This scipt will draw a Support Line / Horizontal Line in the ALL-TIME-HIGH price point of any asset.
It is a very heplful way to automatically detect the ATH without the need of continuous updating . This line will automatically update to to the All time High. EXPREMELY USEFUL.
All time high tends to be a price reversal zone specially for stocks. Stocks tend to react more on the all time high specailly vs FOREX Pairs and some ETF that involve many other assets that may drive the reversal deceision rather than just the ETF tough it may also funciotion as a reversal zone.
It is a very heplful way to automatically detect the ATH without the need of continuous updating . This line will automatically update to to the All time High. EXPREMELY USEFUL.
All time high tends to be a price reversal zone specially for stocks. Stocks tend to react more on the all time high specailly vs FOREX Pairs and some ETF that involve many other assets that may drive the reversal deceision rather than just the ETF tough it may also funciotion as a reversal zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.