Pivot Trend Levels — Indicator by AliSignals

pivotpointsandlevels pivotpoints trend levels parallelchannel

You can use this indicator to detect the levels and trend.

I used the highest of the two last highest pivots and the lowest of the two last lowest pivots to calculate "max" and "min" or high level or low level.

I also calculate the average of the 4 values to reach the average line which could be a trend detector in higher lengths.

Default length is 3 but using 10 or 20 as length is really good as trending detector.

I need help to upgrade a trend detector system. please read the script for more information.

Thank you so much.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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