OPEN-SOURCE SCRIPT

[Mad] Level2 Signalfilter Liquidity Protection

Updated
Liquidity Protection Filter:

A Triggerhappy Strategy can do multiple longs/shorts

this is a filter, which forces the close to move minumum in one or the other direction to arm the signal again

there are separated settings for longs/short

input = plot with positive zero or negative value
output = normalized value with pultiplicator factor

also there is a reverse setting

yellow line will show a current alive block
Release Notes
Naming Update
Release Notes
Screenshot explaining itself
Release Notes
commas for the values
Release Notes
float instead ints
V4->V5
Trend Analysis

Open-source script

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 publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Disclaimer