QuantNomad

Significant PP - Swing Failure / Stop Run Alerts [QN]

Tried to create a script for Swing Failure / Stop Run patterns. It is based on my QuantNomad - "Significant Pivot Reversal" Indicator.
It's quite tricky to code these kinds of patterns, so it's really not ideal. I alert when a candle cross pivot level but close below (above for bottom) it and previous close was below (above) it as well.
You can setup params for pivot points and also by how much it should cross pivot level with "SF ATR Mult".

I have in mind a few other things I'd like to test:

* Different types of pivot points
* Few recent pivot levels at once
* Pivots from higher timeframe
* Different types of "touching" levels
* etc.

Ideally, I want to create a strategy from it, but I'm far from it for now.

Do you have any ideas on how to make it better?

Original Significant Pivot Reversal Indicator:

Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?
Courses:
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Kommentare

I'm working on similar thing. But I'm actually having an array of levels to store them. Might be something for you to look at, too.
Antworten
QuantNomad Peter_O
@Peter_O, Cool, thx, will take a look.
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