OPEN-SOURCE SCRIPT
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Local Limit Upper

4 490
Displays recent higher and lower highs.

In it's 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 resistance levels.
  • Makes current trends more visible.
  • Excellent as a trailing stop (short) algorithm.


Can be used with its sibling: Local Limit Lower
Информация о релизе
Release Notes: Reuse code from Local Limits.
Margin is now implemented properly.
Информация о релизе
Eliminated buggy bar sensitivity option as the indicator works as intended without it.
Информация о релизе
Added trend change values for more reliable alerts.

ALERTING:
Simply select the "Change" value and alert on "Greater Than" or "Less Than" zero depending on which direction you want to detect.

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