OPEN-SOURCE SCRIPT

Channels by TradingConToto

291
This indicator plots clear and minimalistic High (H) and Low (L) pivot points only within the selected trading session (e.g., 10:00–12:00).
During the active session, the background is shaded for easy visual reference, and pivot labels alternate automatically — meaning no consecutive H or L points appear in a row. This makes it simple to identify real swing changes within a specific session.

⚙️ Features

Detects and labels pivots only during the chosen time range.

Alternating logic prevents consecutive highs or lows (H → L → H → L).

Clean session background highlight for visual clarity.

Fully customizable parameters (session time, sensitivity, colors, etc.).

Ideal for intraday traders, scalpers, and structure-based strategies.

💡 Suggested Use

Perfect for traders who focus on specific market sessions (e.g., New York, London, or custom hours).
The alternating pivot logic helps visualize market swings and structural shifts without visual clutter, making it an excellent companion for price action analysis.

Haftungsausschluss

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