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
Pivot Point Reversal RSI Alerts MA
An overlay indicator combining confirmed pivot highs and lows, RSI and two simple moving averages.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code82
Settings7inputs
LicenceNone stated
Last update1 year ago17 Jan 2025
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
Pivot Point Reversal RSI Alerts MA draws green and red levels from the latest pivot, and marks long signals when the high crosses above the long moving average with the close above it, and short signals on the mirror condition, alternating directions. Pivot bars, RSI length, RSI levels and both average lengths are adjustable. Alert conditions are provided. Pivots confirm only after the right-side bars.
- Pivot high and low levels with RSI check
- Short and long SMA crossover signals
- Triangle markers for long and short
- Alert conditions for both directions
Details
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| PP - Left Bars | int | 4 | leftBars |
| PP - Right Bars | int | 2 | rightBars |
| RSI - Length | int | 14 | rsi_length |
| RSI - Overbought level | int | 58 | rsi_long |
| RSI - Oversold level | int | 42 | rsi_short |
| Short MA Length | int | 5 | short_ma_length |
| Long MA Length | int | 20 | long_ma_length |
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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