OPEN-SOURCE SCRIPT
Lowest Low Line Indicator
Lowest Low Line Indicator
This indicator plots a line on the chart to highlight the lowest low value within a specified look-back period. The line is updated in real-time as new bars form, and it is deleted and recreated when a new lower low is found.
Key Features:
Plots a line from the lowest low value to the current bar
Updates the line in real-time as new bars form
Deletes and recreates the line when a new lower low is found
Displays a label beside the line with the lowest value
Allows the user to specify the look-back period (default is 1000 bars)
Line color is blue, and the line width is adjustable (default is 4)
Use Cases:
Identifying support levels: The lowest low line can be used to identify potential support levels in the market.
Confirming trends: The line can be used to confirm the direction of a trend by looking for higher highs or lower lows.
Setting stop-loss levels: The line can be used to set stop-loss levels based on the lowest low value.
This indicator plots a line on the chart to highlight the lowest low value within a specified look-back period. The line is updated in real-time as new bars form, and it is deleted and recreated when a new lower low is found.
Key Features:
Plots a line from the lowest low value to the current bar
Updates the line in real-time as new bars form
Deletes and recreates the line when a new lower low is found
Displays a label beside the line with the lowest value
Allows the user to specify the look-back period (default is 1000 bars)
Line color is blue, and the line width is adjustable (default is 4)
Use Cases:
Identifying support levels: The lowest low line can be used to identify potential support levels in the market.
Confirming trends: The line can be used to confirm the direction of a trend by looking for higher highs or lower lows.
Setting stop-loss levels: The line can be used to set stop-loss levels based on the lowest low value.
开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。