Pivot High Low Points — Indicator by LonesomeTheBlue

TradingView

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pivotpoints trendanalysis pivothigh pivotlow

by using this script you can find Pivot High-Low Points. This script works like Tradingview pivothigh & pivotlow functions.

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by LonesomeTheBlue

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

Great indicator. Love the simplicity.
How would you set an alert to buy or sell based on the plot parameters due to the offset?
Thanks

aaahopper

@aaahopper, if you add following 4 lines then you can set alarms

sellcondition = iff(not na(high), iff(highestbars(mb) == -lb, true, false), false)
buycondition = iff(not na(low), iff(lowestbars(mb) == -lb, true, false), false)

alertcondition(buycondition, title='Pivot HL Signal', message='Pivot HL Buy Signal')
alertcondition(sellcondition, title='Pivot HL Sell Signal', message='Pivot HL Sell Signal')

LonesomeTheBlue

I don't recommend to add alarm, it may not be usefull because of delay up to lb (leftbars).

LonesomeTheBlue

@LonesomeTheBlue, Thank you very much

aaahopper

@aaahopper, So When a buy an alert is triggered it will be"-lb" from the signal?

aaahopper

@aaahopper, yes that's true. better to use this for analysis purposes (not for buy/sell signals)

LonesomeTheBlue

@LonesomeTheBlue, Hi, if is not much trouble for you, can you tell me how can i make it trigger an alarm 2 minutes before the candle close?.

no repaint after bar is closed?

mrgr888n

oh, I see.. it lags for an hour.