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Local Limit Alignment

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Trend Analysis LLL llu localmaximum localminimum signal
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trendanalysis lll llu localmaximum localminimum signal
Combines the trends of multiple local limits to provide a signal that represents how strongly they are aligned.

Each local limit has a value of either +1 or -1. The sum of all depths provides a signal.

The defaults are a minimum depth of 2 and a maximum of 4 resulting in upper and lower values between -3 and +3, and a total between -6 and +6.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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