Pivot Reversal Markers (3-bar strength)

15. Mai

### Pivot Reversal Markers (3-Bar Strength)

**Overview:**
This indicator identifies and marks pivot high and pivot low reversal points on your chart using a customizable pivot strength. Ideal for traders seeking clear visual signals of potential reversals.

**Settings:**

* **Pivot Strength:** Number of bars checked before and after to confirm a pivot (default = 3).

**Signals:**

* 🔺 **Red Triangle (Pivot High):** Potential short entry or reversal from upward to downward trend.
* 🔻 **Green Triangle (Pivot Low):** Potential long entry or reversal from downward to upward trend.

**Usage:**
Combine these pivot signals with other technical analysis tools or indicators for optimal results.

15. Mai

Versionshinweise

**Update:**

* ⚡ Added three new alert conditions:

* **Bullish Pivot Confirmed** (`alertcondition(is_pivot_low…)`) — fires when a pivot‐low is detected.
* **Bearish Pivot Confirmed** (`alertcondition(is_pivot_high…)`) — fires when a pivot‐high is detected.
* **Any Pivot Detected** (`alertcondition(is_pivot_low or is_pivot_high…)`) — fires on either pivot high or low.
* 📣 Now you can create alerts directly for swing‐low, swing‐high or both.