OPEN-SOURCE SCRIPT

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

Aktualisiert
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)
Versionshinweise
-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
Versionshinweise
-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)
Versionshinweise
-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.
educationalfilteringpivothighpivotlowrefinedpivotsswinghighswinglow

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

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