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

Phát hành các Ghi chú:

Eliminated buggy bar sensitivity option as the indicators work as intended without it.

Phát hành các Ghi chú:

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.

Phát hành các Ghi chú:

Eliminated bar_index to avoid repainting.

Phát hành các Ghi chú:

Allow for % margin values.

Phát hành các Ghi chú:

Allow for specifying a fixed time-frame.