I'm new to Pine script, please, anyone explain me exactly what this high[abs(highestbars(amplitude))]
statement returns, specially in highestbars(2)
definition what it mean Highest value offset?? FYI this statement is from Tradingview.com HalfTrend script,
thanks
highestbars()
will give you the bar index offset of the highest bar in the given range.
For example, if highestbars(5)
returns -2
, you know that the highest bar within the last 5 bars was 2 bars ago.