OPEN-SOURCE SCRIPT
Smart Indicator 28 - Swing Pivots (Higher Highs and Lower Lows)
Updated
A simple way to find Higher Highs and Lower Lows (HH and LL) whit automatic Fibonacci Lines in the most common levels.
In this indicator the Higher Highs only happens when a high value are rising from each other in the last "Length of Real Pivots" highs and the next same number of highs are falling in every single bar.
The Lower Lows are inverted, LL only appears if a low is falling in every single bar in the last number of length and the lows price of the "n" bars next are rising.
You can use this Indicator in any kind of market.
In this indicator the Higher Highs only happens when a high value are rising from each other in the last "Length of Real Pivots" highs and the next same number of highs are falling in every single bar.
The Lower Lows are inverted, LL only appears if a low is falling in every single bar in the last number of length and the lows price of the "n" bars next are rising.
You can use this Indicator in any kind of market.
Release Notes
A fast update just to put more information:Now the indicator shows the prices in the most common Fibonacci Levels, and I give an options to select the best size.
Release Notes
I add a few more inputs options to help traders.Now you can select a different symbol as source.
You can use simple pivots and reveal the prices of HH and LL.
The Support and Resistance lines are more editable.
And I will leave a tip for you guys, use the LL and HH levels in this indicator to draw a very good Pitchfan in the Trendlines.
Hope you enjoy!!
See ya!!!
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 publication is governed by House rules. You can favorite it to use it on a chart.
Feel free to share your success with me: 🤑👍
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BTC - bc1qq23w655arvclce7u8zkt4lag08fnctgccs9s9s
ETH - 0xf6cf166Ea5EC550372e179dB1AF579a29Cb91dDf
USDT - 0x8DbC0E889Afb3bec7241eD0E42429A612aa30015 - (ERC20)
Disclaimer
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