Golgistain

Pivot Points High/Low

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This is my code for something Trading View already gives us -- Pivot Points .
It's not really an indicator in itself, although when weekly highs or lows are broken it seems to be a big deal. I wrote this so I'd have something to play with.

Here’s one way to access previous values:
valuewhen(change(high_series) != 0, high_series, 1)
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.

Want to use this script on a chart?
study(title="Pivot Points HL", shorttitle="Pivots H/L", overlay=true)

//The length defines how many periods a high or low must hold to be a "relevant pivot"
len = input(14, minval=1, title="Length")


//define a series that is equal to the highest value over the last length
highest_high = highest(high, len)
//if that high holds for the full length return the value, else na
highest_dev = dev(highest_high, len) ? na : highest_high
//shift the series to where it started
high_pivot = highest_dev[-len+1]
//create a series which is equal to the last pivot
high_series = fixnan(high_pivot)


//repeated for lows
lowest_low = lowest(low, len)
lowest_dev = dev(lowest_low, len) ? na : lowest_low
low_pivot = lowest_dev[-len+1]
low_series = fixnan(low_pivot)



plot(high_series, color=black, linewidth=2)
plot(low_series, color=black, linewidth=2)
//plot(high_pivot, color=black, style=circles, linewidth=4)
//plot(low_pivot, color=black, style=circles, linewidth=4)

Comments

why i cant use it???
Reply
Golgistain BBII0721
Just released an update. I wasn't supposed to use negative values in my brackets but got around it by using stored values. TradingView fixed it
+8 Reply
locky192 Golgistain
I know this old but I need an indicator exactly like this, this is great! I assume that since you created it an update by tradingview has since broken your code. Any chance you could fix it? It would be greatly appreciated!
+4 Reply
Gincha Golgistain
@Golgistain,
Is there any chance, someone could fix it, so it could actually work? I would like to use this indicator! Please! ;)
Reply
+2 Reply
Gincha Golgistain
@Golgistain,
Thank You! It is working just fine!
Reply
Add a Median line and that would really be useful .....(hl2)
Reply
Sometimes the less complex the better! Nice addition. Thanks.
Reply
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