The levels are adjusted automatically when the timeframe is changed.
Trade breakout in either direction with other as a stop loss.
Can be used for any instrument.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
That should serve the purpose.