Fork Handles by @treypeng — Indicator by trespeng

candlestick trendanalysis candle pivot swings swinghighlow swinghigh swinglow pivothigh pivotlow

Candle based indicator that shows swing highs and lows (pivots).

It draws an up or down arrow for simple three candle 'single' swings.

For stronger five candle 'double' swings, it colours the candle. Good for highlighting stronger reversals.

Both of these stylings can be toggled on/off individually.

Default colours

Swing HIGH on an UP candle: bright green
Swing HIGH on an DOWN candle: bright red

Swing LOW on an UP candle: blue
Swing LOW on an DOWN candle: brown

Double swings are grey or white.

Regular candles are just kept to your own default colours as specified in the chart settings.

👏 for anyone who gets the 'fork handles' joke reference.

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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