JustUncleL

Pivot Hilo Support n Resistance Levels R3-3 by JustUncleL

This is an update to the "Pivot HiLo Support n Resistance Levels" indicator, important updates are no re-painting; and different lengths available for each side of Pivot .

Description:
The Pivot Points are marked with "star" and with Optional Support and Resistance extension Levels shown.

Options:
  • Show Pivot Points (default true)
  • Pivot Length Left Side (default 7), the number of bars left hand side of the Pivot candle.
  • Pivot Length Right Side (default 3), the number of bars right hand side of the Pivot candle.
  • Show S/R Extension Levels (default true)
  • Maximum S/R Extension Length (default 0, no limit)
  • Show Pivot Labels (instead of "star") "" and ""

Revisions this release:
  • Added code to force Pivot to be always complete before drawing.
  • Added option for different length test for each side of Pivot .

Aug 03
Versionshinweise: ...
  • Optimised some code.
  • Shortened Pivot labels to "PH" and "PL"
  • Added code to find correct Pivots when Heikin Ashi candles are used.
  • Added "Renko Style Pivots" option, so can now be used with Renko charts do give correct Pivots.
Aug 13
Versionshinweise: Bug Fix:
  • Correct Bug introduced by last update, would not find correct pivot point with some assets.
Aug 21
Versionshinweise: ...Bigger Update
  • Added optional swing alert arrows and alarmcondition.
  • Shortened optional Pivot labels to "PH" and "PL"
  • Added optional MA Ribbon filtering of Pivot points.
  • Hint: Alerts can be filtered using the MA filter option, but using reverse lengths: eg. 34 for fast MA and 13 for slow MA.
Oct 16
Versionshinweise: R4 update

Added option to display HH/HL (lime) and LL/LH (red) symbols at Pivot points. This helps show direction of defined trend, all Lime symbols means trend going up and all red symbols means trend down. If mixed Lime and Red symbols then trend ranging or turning.
Jan 12
Versionshinweise: release R5
  • Remove redundant Pivot labelling. Now have HH,LL,HL,LH labels instead.
  • Added option start printing Pivot marker early, however, this may result in the current Pivot marker re-building until last candle of pattern is closed.
  • Replaced "star" pivot markers with small coloured triangles.
Apr 12
Versionshinweise: Update R5.3
  • Added option to show the Pivot candle as a Coloured Bar.
  • Added option to display Levels as a Fractal Chaos Channel.
  • Replaced script functions with TV pivothigh() and pivotlow() calls to speed up the processing of the script.
  • Remove redundant Pivot labelling. Now have HH,LL,HL,LH labels instead.
  • Added NoWait option to allow Pivot to start printing marker one bar earlier, however, this may result in the current Pivot marker re-building until last candle in the pattern is closed.
  • Replaced "star" pivot markers with small coloured Dots that sit right on the high or low point of the Pivot Candle.
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JustUncleL
Are these pivots like weekly pivots? I like them because they dont change so often. Love your indicator
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JustUncleL kolainvest
@kolainvest, These Pivots are Fractal style Pivot points, just the Fractals can be any size not just 5 candles which is equivalent to 2,2 Pivot point size.
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is the indicator still available in trading view?
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@mahmad76, Yes just search for "Pivot hilo" in the indicator library and you should find it.
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è possível colocar o preço no pivot? neste script. Obrigado.
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JustUncleL marciobisognin
@marciobisognin, Sorry not possible within Pinescript.
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marciobisognin JustUncleL
@JustUncleL, Thanks.
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just for a 1hr TF how would you put the setting to get the most out of a trade?
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When "Renko Style Pivots" selected, correct Pivots displayed:
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Hi, would it be possible to edit this script so that a lower pivot line was only drawn after price goes above the high of the pivot candle?
Thanks in advance.
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