This indicator will trigger based on these conditions:
If the average price today is less than 50% of the past 4 days, the indicator will be triggered as 1 (true). Else, the indicator will trigger as 0 (false).
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Update by adding indicator for past 30 candles
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Update to include:
1. the inputs 2. line of maximum [open:close] of past X days
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Update with the current studied chart.
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Update with the second equation of LZ indicator
lz = ((close[0] and close[1] and close[2]) > open[3]) ? 2 : 1