Local Levels Indicator

2023年2月14日

This Pine Script is an indicator for financial chart analysis. The script includes Bollinger Bands, simple moving averages, pivot points, momentum, and bullish/bearish signals. The script allows for customization of the chart with inputs for the length of the moving average, the number of bars to the left and right of pivot points, and the ability to turn on and off the bull/bear labels. The momentum of the chart is measured with the Money Flow Index (MFI) and is shown on the chart with a line and fill color based on its value. The background color of the chart changes based on the MFI value, and three different labels display information about the MFI and the overall trend. The script also includes a data table that can be turned on and off to display the bullish/bearish information.