OPEN-SOURCE SCRIPT

Pivot Breaks

Updated
There are built-in and published Pivot Point High Low indicators in Public Library. As far as I see none of them show the breaking candles or the trend.
with the closing price crossing over the previous / current pivot high A bearish breakOut can either indicate the progression of a lower high pattern or a trend reversal
with the closing price crossing under the previous / current pivot low A bullish breakOut can either indicate the progression of a higher low pattern or a trend reversal

This indicator can show the first breaking candle or all breaking candles . It Can also show The Breaking state (Trend) based on the last break.

Alert Mode is included, colour can be customised, Higher TimeFrame can be requested (it Can also cause repainting)

Inputs are optional as possible so have fun with it


Disclaimer: Scripts that I post publicly are experimental. They are not financial advices. Always backtest your ideas using your own methodologies.

Release Notes
You can now set a custom alert message for the break out signal
breakoutbreakoutsignalmultitimeframePivot Points

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.

Want to use this script on a chart?


Scripts that I post publicly are experimental. They are not financial advices. Always backtest your ideas using your own methodologies.

automate your alert: signalautotrade.com
contact me directly on telegram: @Sosso_bott
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Disclaimer