OPEN-SOURCE SCRIPT
How To Limit Repeating Signals
Updated
An example of how to limit the input number of allowed signals using a function containing a condition counter with a reset.
Release Notes
Revision 1Added alert event functions.
NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Release Notes
Revision 2Removed input restriction for negative numbers below -1. Added error handling inside function where any negative number disables the filter and passes through all signals.
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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 publication is governed by House rules. You can favorite it to use it on a chart.
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