52 Week High Low Indicator for TradingView: Master Annual Price Extremes
Ever wonder why certain price levels seem to act like invisible walls in the market? The 52 Week High Low indicator reveals these psychological barriers that can make or break your trades. This straightforward yet powerful tool tracks the highest and lowest prices over the past year, creating reference points that institutional traders, retail investors, and algorithms all watch religiously.
Think about it—when a stock hits its yearly high, everyone who bought during the previous 52 weeks is in profit. Some will take gains, creating natural selling pressure. Conversely, when price approaches the annual low, value hunters often step in, believing they're getting a bargain. These aren't just random price levels; they're battle-tested zones where real money changes hands.




