Description
⋅ 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 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.