SuddenFX

PA ScratchiCloud

1117 2 137
This indicator is a modification of Golgistain's Hi/Lo Pivot indicator. I added a shorter length 2 to get early entries on short positions.

The way it works is you choose a timeframe you would like to trade and then set the indicator length to match the candle price action patterns. Default is M5 chart with 4/2 for the indicators.

Rules: Take the trade when price breaks out the top or bottom of the line.
Exit: Take what you can get and give nothing back.

Good luck - CharlieMax :0)
Remove from Favorite Scripts Add to Favorite Scripts
// Original work done by Golgistain
// Modified by Charlie Max for price action scalping

study(title="HB H/L", shorttitle="ScratchiCloud", overlay=true)
len = input(4, minval=1, title="Length")
len2 = input(2, minval=1,title="Length")
    //The length defines how many periods a high or low must hold to be a "relevant pivot"

h = highest(len)
    //The highest high over the length
h1 = dev(h, len) ? na : h
    //h1 is a pivot of h if it holds for the full length
hpivot = fixnan(h1)
    //creates a series which is equal to the last pivot

l = lowest(len2)
l1 = dev(l, len2) ? na : l
lpivot = fixnan(l1)
    //repeated for lows

plot(hpivot, color=blue, linewidth=2)
plot(lpivot, color=purple, linewidth=2)
//plot(hpivot, color=blue, linewidth=2, offset= -len+1)
//plot(lpivot, color=purple, linewidth=2, offset= -len2+1)
//plot(h1, color=black, style=circles, linewidth=4, offset= -len+1)
//plot(l1, color=black, style=circles, linewidth=4, offset= -len+1)
Can you give inputs for 15 60 240 D ?
Reply
Thanks for this code...did you put the GREY rectangle areas in manually or is this part of the code? (automatic draw in). I'm going to work with this in the YM and CL futures.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out