L2 RISK Trading Guide

The L2 Risk is a quantitative technical analysis tool. L2_RISK Ported from legacy klinecharts indicator: old/assets/indicators/l2_risk.js

What does the indicator show?

• Market Structure & Momentum: Visualizes prevailing trend directions and key reversal zones.
• BUY / SELL Signals: Highlights confirmed entry and exit opportunities based on quantitative rules.
• Dynamic Boundaries: Provides adaptive levels for managing trade risk and reward expectations.

Key Settings

• Safety (safety): Controls the calculation period and sensitivity for market detection.
• Trend (trend): Controls the calculation period and sensitivity for market detection.
• Zone (zone): Controls the calculation period and sensitivity for market detection.
• Extreme (isExtreme): Controls the calculation period and sensitivity for market detection.
• High (isHigh): Controls the calculation period and sensitivity for market detection.
• Medium (isMedium): Controls the calculation period and sensitivity for market detection.
• Low (isLow): Controls the calculation period and sensitivity for market detection.
• Safety Area Color (areaSafety): Controls the calculation period and sensitivity for market detection.
• Extreme Zone Color (bgExtr): Controls the calculation period and sensitivity for market detection.
• High Zone Color (bgHigh): Controls the calculation period and sensitivity for market detection.
• Medium Zone Color (bgMed): Controls the calculation period and sensitivity for market detection.
• Low Zone Color (bgLow): Controls the calculation period and sensitivity for market detection.
• Trend Strength (trend): Controls the calculation period and sensitivity for market detection.
• Safety Level (safety): Controls the calculation period and sensitivity for market detection.
• Extreme Zone (isExtreme): Controls the calculation period and sensitivity for market detection.
• High Zone (isHigh): Controls the calculation period and sensitivity for market detection.
• Medium Zone (isMedium): Controls the calculation period and sensitivity for market detection.
• Low Zone (isLow): Controls the calculation period and sensitivity for market detection.

How to use Strategy Parameters (Condition Source)

Within the Strategy Tester module, this indicator can be used both as a direct signal source and as a market-state filter.

1. Signal Events

• isExtreme - Extreme Zone event signal.
• isHigh - High Zone event signal.
• isMedium - Medium Zone event signal.
• isLow - Low Zone event signal.

2. Filters and Trade Levels

• safety - Safety value used for structural qualification or thresholds.
• trend - Trend value used for structural qualification or thresholds.
• zone - Zone value used for structural qualification or thresholds.
• isExtreme - Extreme value used for structural qualification or thresholds.
• isHigh - High value used for structural qualification or thresholds.
• isMedium - Medium value used for structural qualification or thresholds.
• isLow - Low value used for structural qualification or thresholds.
• trend - Trend Strength value used for structural qualification or thresholds.
• safety - Safety Level value used for structural qualification or thresholds.

Strategy Example: Enter Long when buySignal is true and trendFilter == 1, ensuring trades align with dominant momentum.