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Moving Average Channel plots separate simple moving averages for upper and lower bands on the price chart. It fills the space between bands with semi-transparent color and colors bars green above the upper band, red below the lower band, or gray in between. Us
Indicator · Pine Script v5 · On the chart
Pivot Points High Low
Pivot Points High Low calculates and plots swing highs and swing lows directly on the price chart.
GitHub stars37on the repository
Pine versionv5runs as is
Lines of code24
Settings8inputs
LicenceMIT
Last update3 years ago10 Feb 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
24 lines of Pine Script v5 from Technical-Indicators/Technical Indicators are Here🤩/Pivot-Points-High-Low.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator("Pivot Points High Low", shorttitle="Pivots HL", overlay=true, max_labels_count=500)
lengthGroupTitle = "LENGTH LEFT / RIGHT"
colorGroupTitle = "Text Color / Label Color"
leftLenH = input.int(title="Pivot High", defval=10, minval=1, inline="Pivot High", group=lengthGroupTitle)
rightLenH = input.int(title="/", defval=10, minval=1, inline="Pivot High", group=lengthGroupTitle)
textColorH = input(title="Pivot High", defval=color.black, inline="Pivot High", group=colorGroupTitle)
labelColorH = input(title="", defval=color.white, inline="Pivot High", group=colorGroupTitle)
leftLenL = input.int(title="Pivot Low", defval=10, minval=1, inline="Pivot Low", group=lengthGroupTitle)
rightLenL = input.int(title="/", defval=10, minval=1, inline="Pivot Low", group=lengthGroupTitle)
textColorL = input(title="Pivot Low", defval=color.black, inline="Pivot Low", group=colorGroupTitle)
labelColorL = input(title="", defval=color.white, inline="Pivot Low", group=colorGroupTitle)
ph = ta.pivothigh(leftLenH, rightLenH)
pl = ta.pivotlow(leftLenL, rightLenL)
drawLabel(_offset, _pivot, _style, _color, _textColor) =>
if not na(_pivot)
label.new(bar_index[_offset], _pivot, str.tostring(_pivot, format.mintick), style=_style, color=_color, textcolor=_textColor)
drawLabel(rightLenH, ph, label.style_label_down, labelColorH, textColorH)
drawLabel(rightLenL, pl, label.style_label_up, labelColorL, textColorL)
Overview
Pivot Points High Low uses left and right bar offset lengths to confirm local price extremes using built-in pivot functions. When a pivot high or low is detected, a text label displaying the exact price level is rendered at the confirmed pivot bar. Users can independently adjust left and right lookback lengths for highs and lows, as well as label and text colors. Labels are displayed with a delay matching the right lookback setting.
- Pivot High and Pivot Low detection
- Configurable left and right lookback lengths
- On-chart price labels for pivot levels
- Customizable label and text colors
Details
Published by
TWODS-CAPITAL on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Support & resistance
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Pivot High | int | 10 | leftLenH |
| / | int | 10 | rightLenH |
| Pivot High | color | color.black | textColorH |
| labelColorH | color | color.white | labelColorH |
| Pivot Low | int | 10 | leftLenL |
| / | int | 10 | rightLenL |
| Pivot Low | color | color.black | textColorL |
| labelColorL | color | color.white | labelColorL |
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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