Does not require tuning parameters, the same default settings used on all timeframes, all graphs work reasonably well.
Made a little change to the appearance and added alerts
Note that alert will sound on the opening of the candle where the signal is. (No late alerts)
No repainting.
General info: Prone to false positives. This is not a full strategy, but serves as a great "take profit" tool for those who are already in a trade and want to take profit as close to the top/bottom as possible. Can also be used as the entry tool, but make sure you implement a stop loss.
Disclaimer: better example is selected here, the script DOES produce worse, EARLY/false positive signals, especially when a stronger trend is happening on the bigger timeframe than the script is used on.
Update 1.1: Changed the size of the signal label so the signals do not become invisible when one zoomes out the graph + changed the shape of the signals. Also, I don't think I explained this but this script sends alerts at the beginning of the candle where the signal is displayed. So the buy/sell would happen on the same exact candle (not on the opening of the next candle).
릴리즈 노트
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Update 1.1.1: previous update changed the graph to whatever I was ranomly looking at the moment, so updated once again for a cleaner and more compelling chart, no changes to the code :)
릴리즈 노트
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Fixed it after it stopped working due to PineScript small syntax shadow update. Also improved the algo a bit to avoid (albeit rare) unintentional false signals.