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Local Limit Lower

3505
Displays recent higher and lower lows.

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 support levels.
  • Makes current trends more visible.
  • Excellent as a trailing stop algorithm.


Can be used with its sibling: Local Limit Upper
Notes de version
Reuse code from Local Limits.
Margin is now implemented properly.
Notes de version
Eliminated buggy bar sensitivity option as the indicator works as intended without it.
Notes de version
Code cleanup. Removed unused parameter.
Notes de version
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.
Notes de version
Updated username/copyright.

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