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.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.