Zen_Spike_Break_v1

Looking at spike breaks - where a leg without pullbacks breaks the spike.

For this indicator, I looked at 4 consecutively higher lows / lower highs.

But you can of course look at 3 - I found just too many lines.

I use it for limit order trading and determining whether we are likely in a trend or trading range.

Inspired by the work from Dr Al Brooks and Ali Moin-Afshari.

For research purposes only.