COTH Alert

📊 COTH Alert Indicator – Analysis

This script generates a COTH Alert based on Cumulative Orderflow Threshold High (cothigh) values using Lipi Script on the GoCharting platform. It is designed to help traders detect extreme buying or selling imbalances at the bar level.

🔧 How It Works:

The indicator uses orderflow.cothigh, which represents the highest delta cluster within a candle—highlighting zones where aggressive buyer dominance peaked

Since the value updates during the live candle, the script references cothigh[1], ensuring the condition is based on a closed bar.

Users can define a cothigh threshold using the input.int() function.

If the previous bar’s cothigh crosses the threshold positively or negatively, the script triggers an alert.

📌 Why Use cothigh[1]?

Live COTH values may fluctuate within a forming bar. By referencing the previous candle, we ensure alerts are based on finalized, confirmed data, reducing false signals.

⚙️ Use Case:

Detecting extreme cluster delta spikes, indicating strong aggressive buying or selling

Helpful in orderflow-based breakout detection or reversal zone identification

Can be used with cluster charts or combined with volume, delta, or support-resistance strategies

✏️ Customizable Parameter:

cothighThreshold: Default is 100; can be adjusted to fit market volatility and asset class