This indicator plots out the values for "HighLowPricePercentage" and "LongerTermHighLowPricePercentage" as used in Profit Trailer Feeder.
It has an option to switch from "MinutesToMeasureTrend" (Short) to "MinutesForLongerTermTrend" (Long).
I had a request to add a "Tip Jar" for those who wanted to express their thanks for these indicators.
So if you want to say thanks, then you're welcome:
LTC Tip Jar: LX4bUBdjiRPsagUbZoAczSGgDC4YqTJL7w
Added the medium term time frame for "MinutesToMeasureMediumTrend".
Added the ability to see all three lines at once
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Hi, Could you state a few words in plain english about the formula for this script? I read the PTF configuration documentation for it and I understand the logic when I contemplate it analytically, but perhaps I need a metaphor to understand when to apply such a calculation in order to offset a buy/sell value.