Hi Paulus
and thanks for starting the thread, also thanks to the rest for contributing.
If I understood you correctly, what you are asking for here already exists, you are talking about a special case of the zig zag indicator with depth and backstep of 2. Please see attached image of around the same time as yours (notice small discrepancy due to different broker). It is trivial to access programmatically the buffers of this indicator and alert when a lower new high has been seen.
BTW zig zag repaints but I believe when set to 1 it won't repaint, but I haven't verified this.
I hope this helps, all the best and have a great weekend.
[Edit: this approach doesn't use RSI but if memory serves me right Re the maths of that indi, the end result will be the same]
and thanks for starting the thread, also thanks to the rest for contributing.
If I understood you correctly, what you are asking for here already exists, you are talking about a special case of the zig zag indicator with depth and backstep of 2. Please see attached image of around the same time as yours (notice small discrepancy due to different broker). It is trivial to access programmatically the buffers of this indicator and alert when a lower new high has been seen.
BTW zig zag repaints but I believe when set to 1 it won't repaint, but I haven't verified this.
I hope this helps, all the best and have a great weekend.
[Edit: this approach doesn't use RSI but if memory serves me right Re the maths of that indi, the end result will be the same]