The highest Bottom and the highest Top are averaged (over the Highest Lookback period).
Buys are signaled when the Bottom line crosses below the Highest Average.
Sells are signaled when the Top line crosses below Highest Average.
BINANCE:ETHUSDT 5 min
BYBIT:XRPUSD 5 min
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.