Per request, I'm also adding the arrow-version to the updated base algorithm. However, I advise everyone to also add the indicator version that I published previously.
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Updated plot names for selecting alert conditions.
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Another change to alert options...
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Added optional alternative algorithm. This is all still very experimental, so don't forget to use stop-loss!
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Big update: Added a probability score that is based on looping through several dozen smoothing periods to identify the most frequent bottom/top areas. In order not to lose sensitivity, smaller smoothing periods are exponentially more weighted.
The probability score (in %) can be read from the bar height. The arrow-only version of this script also allows to set thresholds to fit your own preferences.
Notice, you can choose from 3 algorithms ([A1] Legacy, [A2] Reactive, and [A3] Probability Score).