OPEN-SOURCE SCRIPT
מעודכן

Filter-Out Weak Pivot highs/lows, Swing highs/lows: Method

Just a simple indicator for refining the standard method of finding Pivot highs & Lows; Allowing user to filter-out weak/flat/rounded Pivot highs/lows

-Aim of this is to get pivot highs & pivot lows coded to print more in line with what the eye would naturally be drawn to as an obvious pivot high/low.
-This uses local moving average around the pivot high/low together with user-input ATR multiple, to create a condition for filtering out lacklustre pivot highs/lows.
-Thought i'd publish this separately as a tool that other coders might find useful.

//inputs//
~adjust looback/lookforward for Pivot highs/lows
~adjust 'spikiness' index to filter out less impressive pivot highs/lows (higher number = more selective)
הערות שחרור
-added Alert conditions:
~Set manually from indicator status line (three dots)
~Will alert on sweep of most recent (freshly painted) Piv H/L
~Based on indicator settings at the time of setting the alert
הערות שחרור
-added alerts conditions for pivot high/low confirmed (as well as swept)
-toggle on/off 'spikeyness' condition to see how it affects pivot high/low painting (default is ON)
הערות שחרור
-Added 'wait one bar to confirm' condition to avoid re-painting (default is ON). Toggle this off to go back to original version where realtime confirmation happens 1 bar sooner, but at the cost of sometimes causing repainting.

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.