This indicator calculates pivot high and pivot low points on the price chart based on configurable left and right bar counts. Confirmed pivot highs and lows are plotted with negative bar offsets directly on the price chart using line and cross styles. Addition
Indicator · Pine Script v4 · On the chart
Daily High and Low Strategy
This indicator collection calculates and plots previous daily high and low price levels on the chart to identify potential supply and demand zones.
GitHub stars23on the repository
Pine versionv4older, still runs
Lines of code79
Settings4inputs
LicenceNone stated
Last update3 years ago27 Jul 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Daily High and Low Strategy includes real-time intraday high and low calculations, RSI divergence detection across a customizable period threshold, and simple moving average crossover logic. Divergence conditions plot visual triangle signals on the price chart, while level calculations draw historical reference lines to assist traders with intraday technical analysis across various financial markets.
- Previous daily high and low price levels
- Intraday dynamic high and low tracking
- RSI bullish and bearish divergence signals
- Simple moving average crossover indicators
Details
Published by
AGuyNamedDJ on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Support & resistance, Divergence, Moving averages, Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
equitiespinescripttradingviewopen-source
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Period | int | 14 | rsiPeriod |
| Divergence Threshold | int | 5 | divergenceThreshold |
| Short Moving Average Length | int | 9 | shortMA |
| Long Moving Average Length | int | 21 | longMA |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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