Local Limit Lower

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

Versionshinweise:

Reuse code from Local Limits.
Margin is now implemented properly.

Versionshinweise:

Eliminated buggy bar sensitivity option as the indicator works as intended without it.

Versionshinweise:

Code cleanup. Removed unused parameter.

Versionshinweise:

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.

Versionshinweise:

Updated username/copyright.