Electrified

Local Limits

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.

  • 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
Note di rilascio: Eliminated buggy bar sensitivity option as the indicators work as intended without it.
Note di rilascio: 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.
Note di rilascio: Eliminated bar_index to avoid repainting.
Note di rilascio: Allow for % margin values.
Note di rilascio: Allow for specifying a fixed time-frame.
Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

Vuoi usare questo script sui tuoi grafici?

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