Definition

The Highest High Value study pinpoints the topmost trading price reached within a specific range, deliberately excluding the current bar. This helps you identify if the current price is venturing above the recent peak, giving insights into potential new bullish trends or resistance levels.

Suggested Trading Use

This study can serve as a valuable tool for spotting potential breakouts. When the current price surpasses the Highest High Value, it's often a strong bullish signal that could indicate a new uptrend. Conversely, if the current price is staying below the Highest High Value, it might suggest that the market is having difficulty breaking through a resistance level.

Either way, keeping an eye on the Highest High Value can give you a quick read on market sentiment and potential entry or exit points. It's especially useful in volatile markets where identifying resistance and support levels are key to capitalizing on price movements.