ReverseMinMax: Reversing Recent Highs and Lows into Price Levels

Summary

ReverseMinMax is a chart indicator that identifies the low associated with the highest low and the high associated with the lowest high across a configurable lookback period. These reversed extrema form two levels intended to show where recent price extremes occurred. The document also describes optional conventional minimum and maximum levels, calculated over a separate period.

The indicator exposes settings for the reverse lookback and for displaying and calculating the additional min/max lines. Its formulas select prices by the index of the relevant high or low within each lookback window. The description explains how the display changes when the additional lines are enabled, but provides no trading rules, performance evidence, or guidance on interpreting the levels. It is therefore a definition of a charting tool rather than a tested strategy; traders would need to determine suitable parameters and validate any signals against their own market and timeframe.

Key ideas

• The indicator plots the low at the highest-low index and the high at the lowest-high index over a chosen period.
• A separate setting controls whether conventional minimum and maximum levels are displayed.
• The document defines the calculations but gives no entry, exit, or risk-management rules.
• Any trading use requires independent parameter selection and validation.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.