Displays recent higher highs, lower highs, lower lows, and higher lows as a collection of local limit indicators.
In its simplicity is a lot more powerful than might appear at first glance.
Parameters
Single indicators with configurable sources:
Local Limit Higher
Local Limit Lower
In its simplicity is a lot more powerful than might appear at first glance.
- Does not rely on volatility calculation.
- Can be linked together to create an objective view of recent support and resistance levels.
- Makes current trends more visible.
- Excellent for use as a trailing stop algorithm.
Parameters
- Single Bar Sensitivity: True (default) reacts to individual bars. False only responds to the alignment of 2 bars.
- Margin (1-5): Adds extra distance from higher lows and lower highs to reduce the sensitivity of broken trends.
Single indicators with configurable sources:
Local Limit Higher
Local Limit Lower
Release Notes:
Eliminated buggy bar sensitivity option as the indicators work as intended without it.
Release Notes:
Added trend change values for more reliable alerts.
ALERTING:
Simply select one of the the various "Change" values and alert on "Greater Than" or "Less Than" zero depending on which direction you want to detect.
ALERTING:
Simply select one of the the various "Change" values and alert on "Greater Than" or "Less Than" zero depending on which direction you want to detect.
Release Notes:
Eliminated bar_index to avoid repainting.
Release Notes:
Allow for % margin values.
Release Notes:
Allow for specifying a fixed time-frame.