PROTECTED SOURCE SCRIPT
Exact H/L Structure with Pivots
Exact Pivots: Use ta.pivothigh() and ta.pivotlow() for accurate detection Full Structure: Marks H, HH, LH, L, LL, HL based on pivots Timeline: Draws a line when the structure is broken (HH or LL) Distinct colors: Green: H (first high) Lime: HH (higher high) Orange: LH (lower high) Red: L (first low) Brown: LL (lower low) Blue: HL (higher low) Adjustable parameters: Pivot Lookback: Sensitivity to detect pivots (5 by default) Line Timeline: Length of the breakout line in hours
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Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
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.