This is an overlay indicator that finds and identifies pivots. It is very sensitive so works best on smoother oscillators such as Stoch RSI. Make sure you set the source to your indicator after you overlay it. You will need to adjust the rev high and low inputs in the settings. For example Stoch RSI would have a revhigh = 80 and revlow = 20. This script is not designed to work on the chart. Yellow = First Higher low or First Lower High Orange = Reversal (Indicator low and high levels can be adjusted in settings. Teal = Higher Low Red = Lower High Gray = Higher high or Lower Low
Release Notes
Added alerts
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.