PROTECTED SOURCE SCRIPT
Swing Structure + High/Low PG/PB Calculation
This script detects swing structure using a locked ZigZag: a pivot is confirmed only after price reverses by a user-defined percent or ATR threshold with a minimum bar spacing. It draws the latest swing leg and projects PG (trend extensions) and PB (pullback) levels from the last confirmed pivot. Alerts fire exactly on the bar where a Pivot High or Pivot Low is confirmed. The script does not repaint: pivots are added only after the reversal threshold is met.
Inputs: method (Percent/ATR), percent/ATR settings, minimum bars between pivots, number of swing segments to draw, PG/PB level sets, and alert filters (close-only / realtime).
Inputs: method (Percent/ATR), percent/ATR settings, minimum bars between pivots, number of swing segments to draw, PG/PB level sets, and alert filters (close-only / realtime).
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.
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.