Indicator · Pine Script v4 · On the chart

Pivots High/Low Analysis and Forecast

by mikeyhu70· code credited to LuxAlgo

Finds pivot highs and pivot lows using a symmetric bar length and measures the percentage change and bar count between consecutive pivots.

View on GitHub

GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code119
Settings5inputs
LicenceNone stated
Last update6 months ago15 Apr 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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

Pivots High/Low Analysis and Forecast averages those intervals and, when forecasting is on, draws dotted vertical lines where the next pivot may appear based on the typical spacing. A small dashboard shows the statistics, with a selectable corner, size and colour. It draws on the price chart, and pivots are only confirmed after the right-hand bars close, so they appear with delay.

Details

Published by

mikeyhu70 on GitHub

Code credit

LuxAlgo, as written in the script's header

Type

Indicator, Pine Script v4

Draws

On the price chart

Category

Support & resistance, Screeners & dashboards

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.

SettingTypeDefaultVariable
lengthint3length
Show Forecasted Pivotsbooltrueshow_fcast
Dashboard LocationstringBottom Rightdash_loc
Dashboard SizestringTinytext_size
Text/Frame Colorcolorcolor.rgb(191, 194, 203)txt_col
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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