OPEN-SOURCE SCRIPT

MIN OFFSET

97
This indicator plots the lowest value over a configurable lookback period, using a selectable price source (High, Low, Open, or Close). It is designed to provide a clear and stable reference for dynamic support levels, with the ability to apply a vertical price offset directly on the chart.

The offset allows the line to be shifted upward or downward based on the user-defined value, making it useful for:

Fine-tuning support zones

Defining entry and exit margins

Adapting levels to different trading styles

The indicator uses a single buffer, is lightweight, non-repainting, and fully compatible with any market and timeframe.

🔧 Inputs

Price: High / Low / Open / Close

Period: number of bars used to calculate the low

Offset: vertical price displacement

Positive values move the line upward

Negative values move the line downward

✅ Features

Single buffer (single plotted line)

Clean and thin line

Stable period-low calculation

Works on Forex, indices, stocks, and cryptocurrencies

Ideal as a dynamic support or structural price reference

Wyłączenie odpowiedzialności

Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.