OPEN-SOURCE SCRIPT
Updated Local Limit Upper

Displays recent higher and lower highs.
In it's simplicity is a lot more powerful than might appear at first glance.
Can be used with its sibling: Local Limit Lower
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
Release Notes
Release Notes: Reuse code from Local Limits.Margin is now implemented properly.
Release Notes
Eliminated buggy bar sensitivity option as the indicator works as intended without it. Release Notes
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.