Indicator
XI0033 Williams FractalA Williams fractal confirms late by definition: the pattern is complete only after the bars to its right have closed, so the marker always appears in the past. This script keeps the classic fractal template — three- or five-bar — and adds the one thing the classic version cannot show: the bar that is about to become a fractal, before the confirmation arrives.
It draws triangles for confirmed fractal highs and lows, plus one highlighted triangle for the last potential fractal on the live edge. Nothing else: no lines, no levels, no signals.
Confirmed fractals
A fractal high is a bar whose high stands above the highs of its neighbours; a fractal low mirrors that on the lows. The 3-bar mode compares one neighbour on each side, the 5-bar mode two on each side — the original Bill Williams definition. The Periods input sets how many bars back the reference bar sits. Confirmed fractals are painted as muted grey triangles above the highs and below the lows, and once the pattern that produced them is closed, they are history: they do not move and do not disappear.
Confirmed fractal highs and lows in the muted default colour: every triangle marks a bar whose extreme beat its neighbours on both sides, printed only after the pattern completed.
The last potential fractal
This is the addition. One bar to the right of the last confirmable centre there is always a candidate: a bar already higher (or lower) than its closed neighbours, waiting only for the current bar to keep its distance. The script highlights that candidate with an orange triangle — pointing down above a potential high, pointing up below a potential low — so the developing swing is visible before it becomes official.
The highlight exists only on the live bar. It is recalculated tick by tick, disappears the moment price violates the candidate, and is deliberately dropped on the bar's final update, so it never leaves a trace in the chart history. Scroll back and you will find only confirmed fractals.
Left: the orange triangle under the newest low is the last potential fractal. Right, a few bars later: that low now carries a grey confirmed triangle — the preview left no trace — and a new potential fractal already sits above the latest high.
What repaints, and what does not
The potential marker repaints by design — that is its job. It is a live preview that appears, moves and vanishes with the current bar, and it is intentionally not committed to history. Confirmed fractals in the default 3-bar mode are built from closed bars only, so once a triangle prints, it is final. In the 5-bar mode with the default period, the newest confirmation still involves the forming bar's extreme, so it can appear and be withdrawn until that bar closes; after the close it is final. And every confirmed fractal is late by definition — the triangle appears above a bar that is already in the past, because that is what confirmation means.
What is reused, and what is new
The confirmed-fractal logic is the classic Bill Williams fractal template as coded by Mit Nayi, reused open-source with attribution in the source header. What this edit adds: the port to Pine Script v6, and the whole potential-fractal layer — the candidate detection one bar to the right of the confirmable centre, and the barstate mechanism that shows the preview on the live bar only and drops it on the bar's final update, so it never piles up in history.
What it does not do
It gives no signals. A fractal marks a local extreme, and most local extremes get traded through; on their own they are not entries. This is a structural marker — swing logic, liquidity maps and ICT-style analysis use fractals as raw material, and the potential marker only tells you where the next one may appear. The decision stays yours.
The Inputs allow you to set:
Periods: how many bars back the fractal centre sits; the triangles are drawn on that centre bar
3 or 5 Bar Fractal: one or two neighbours compared on each side
Show last potential fractal: the live-edge preview on or off
Potential down and up fractal colours
About the chart
BYBIT:BTCUSDT.P, 5-minute chart. The only script on it is this one, with default settings: muted grey triangles mark confirmed fractal highs and lows across the chart, and the orange triangle at the right edge is the last potential fractal, not yet confirmed. No other indicators, no drawings. Indicator
Structure & Trend ContextStructure & Trend Context is a clean overlay that visualises market structure and trend direction without cluttering the chart. It is built as a context tool to support your own analysis, not as a signal system.
What it shows
- Trend filter: a fast and a slow EMA define the prevailing direction. The slow EMA is colour-coded by bias (up / down / neutral).
- Volatility band: an ATR band around the fast EMA gives a sense of normal price travel and dynamic over-/under-extension.
- Swing structure: the most recent confirmed swing high and swing low are tracked and drawn as reference levels.
- Structure breaks (BoS): a marker appears only when price closes beyond the prior swing by an ATR buffer while in trend. Each level is locked after it breaks, so markers stay rare and meaningful rather than firing on every minor poke.
- Context panel: a compact top-right table showing current trend bias, last higher high and last lower low.
How to use it
Read the chart first. Use the trend filter and band for context, the swing levels for reference, and treat a structure break as one piece of confluence, not a standalone trigger. Raise "Swing sensitivity" on higher timeframes or noisy assets to keep only the larger structure.
Inputs
Every layer (band, swing levels, structure markers, raw pivots, panel, bar tint) has its own toggle, and the EMA, ATR and pivot lengths are fully adjustable.
Notes
This indicator is a visualisation aid for discretionary analysis. It does not predict price, does not generate buy or sell recommendations, and is not financial advice. Markers are confirmed on bar close and do not repaint. Open-source — adapt it to your own workflow. Indicator
HTF Highs & Lows + SessionsHTF Highs & Lows + Sessions
This indicator plots two categories of information on your chart: higher timeframe swing levels and session highs/lows.
HTF Swing Levels
Scans 1H, 4H, and 1D candles for a specific two-bar reversal pattern — a bullish candle followed by a bearish candle (for swing highs) or a bearish candle followed by a bullish candle (for swing lows). When that pattern is found, it marks the extreme of those two candles as a significant price level. It then checks if that level has already been taken out by a subsequent candle — if it has, the level is ignored. If it hasn't, it draws a horizontal ray extending to the right from that price. Each timeframe has its own color (light red for 1H, bright red for 4H, dark red for 1D) so you can quickly identify which timeframe a level belongs to.
If price takes out one of these levels during the sweep window (8am–12pm ET), the ray converts to a dotted line and stops extending, marking it as swept rather than deleting it entirely.
Session Highs & Lows
Tracks the high and low of four sessions in real time — New York (9:30–5pm ET), London (3–8am ET), Asia (6pm–3am ET), and Pre Market (8–9:30am ET). Each session gets a live horizontal line at its current high and low that updates as price moves. When price breaks a session level outside the sweep window the line is deleted. When price breaks it inside the sweep window (8am–12pm ET) it converts to a dotted line instead, preserving the swept level visually. Session lines only display on intraday timeframes and are hidden on the daily and above.
Intended Use
Designed for traders who use higher timeframe liquidity levels as context for intraday entries — particularly identifying which HTF swing points have been swept during the early New York session window, which is a core concept in smart money / ICT-based trading frameworks. Indicator
Smart Pivot Reversals [identityKa]Overview
The Smart Pivot Reversals is a structural Price Action indicator designed to automatically detect and highlight market swing highs (Tops) and swing lows (Bottoms). Instead of relying on lagging moving averages to find reversals, this script uses raw bar-by-bar analysis to identify local structural extremes. To increase signal reliability, it includes optional, mathematically strict filters for macro-trend alignment and momentum exhaustion.
Underlying Concepts & Calculations
At its core, the indicator utilizes the standard ta.pivothigh and ta.pivotlow functions. The detection mechanism is entirely governed by two user-defined parameters:
Left Bars (Sensitivity): The number of preceding bars that must have a lower high (for a Top) or a higher low (for a Bottom). A smaller number detects micro-swings, while a larger number identifies major structural points.
Right Bars (Confirmation): The number of subsequent bars required to validate the pivot. Note on Visualization: The script uses a negative offset equal to the "Right Bars" value. This means the "TOP" or "BOTTOM" label is plotted exactly on the pivot candle historically, only after the confirmation bars have closed.
Smart Validation Filters (Optional Logic)
To filter out noise in ranging markets, traders can enable two concurrent mathematical filters:
Macro Trend Filter (EMA): When activated, the script calculates a standard Exponential Moving Average (default length 200). A pivot low (Bottom) is only validated if the closing price is strictly above the EMA (identifying pullbacks in an uptrend). A pivot high (Top) is only validated if the closing price is strictly below the EMA.
Momentum Strict Mode (RSI): When activated, the script checks the Relative Strength Index (default length 14) at the exact moment the pivot is confirmed. A Top is only valid if the RSI is in the Overbought zone (≥70). A Bottom is only valid if the RSI is in the Oversold zone (≤30).
HUD Dashboard & State Tracker
The script features a built-in, customizable on-chart panel that aggregates the last confirmed structural pivot and outputs an AI-style state suggestion:
LONG: Triggered and sustained when the last confirmed structure was a valid BOTTOM.
SHORT: Triggered and sustained when the last confirmed structure was a valid TOP.
Dangerous: Displayed during periods of transition or neutral states before a definitive structure is confirmed.
How to Use It
This tool is highly effective for traders utilizing Price Action methodologies, particularly on intraday charts (such as 15-minute or 1-hour timeframes). The printed Top/Bottom labels serve as excellent objective points for drawing support/resistance zones or trendlines. Traders can use the optional EMA and RSI filters to mechanically ignore counter-trend setups and only focus on high-probability reversal structures that align with the broader market context. Indicator
Breakout Volume Delta | Flux ChartsGENERAL OVERVIEW:
Breakout Volume Delta is an indicator that measures breakout strength using lower-timeframe volume delta. It estimates buyer vs. seller participation within the breakout candle by summing bullish and bearish sub-candle volumes, then visualizes that dominance by splitting the candle body into bullish and bearish segments.
https://www.pulsewire.com/x/UuFy5eif/
What is the theory behind the indicator?:
Breakouts often look strong on price alone, but their quality depends on participation. A breakout candle that is driven by dominant buying or selling pressure is generally more meaningful than a breakout candle that forms with mixed or weak participation.
This indicator gauges participation using lower timeframe volume delta. It breaks the current candle into lower timeframe sub-candles, sums volume on bullish sub-candles as bullish volume, and sums volume on bearish sub-candles as bearish volume. Those totals are converted into dominance percentages.
The breakout candle is then visualized using a split-body overlay: the portion sized by the dominant side is shown in the breakout color, and the remaining portion is shown as the opposite side. This makes it easy to judge whether the breakout candle was supported by real directional participation or if the opposite side was active inside the same candle.
Bullish dominant breakout candle:
Bearish dominant breakout candle:
FEATURES:
🔹Swing Left and Right
Controls how many swing-timeframe candles are required on the left and right side to confirm a swing point before a level is drawn. Higher values reduce noise by requiring stronger confirmation. Higher values increase confirmation delay because more candles are needed to validate the pivot.
🔹Swing Timeframe
Selects the timeframe used to detect swing levels. Default setting uses the chart timeframe. Creates each swing timeframe candle by combining the smaller candles inside it, then tracks the highest high and lowest low made during that period. Saves the exact time when those highs and lows happened so levels can be placed accurately on lower timeframes.
Swing levels detected on a higher timeframe and shown on a lower timeframe chart:
🔹Volume Delta LTF
Selects the lower timeframe used to estimate buy vs sell participation inside each breakout candle.
Bull volume sums volume from sub-candles where close is above open.
Bear volume sums volume from sub-candles where close is below open.
Converts those totals into bullish and bearish dominance percentages.
Volume delta label showing bullish and bearish dominance:
🔹Breakout by
Controls how a swing level is considered broken.
Wick mode confirms a break when the wick crosses the level.
Close mode confirms a break only when the candle closes beyond the level.
Close breakout:
Wick breakout:
🔹Show Nearest
Limits how many of the most recent swing levels remain visible on the chart. Deletes older levels once the stored level count exceeds the chosen number.
Only the most recent swing levels shown on the chart:
🔹Breakout Volume Filter
Optional filter that only validates a breakout if the breakout candle shows enough dominance from the breakout side.
Bullish breakouts require bullish dominance to exceed the threshold.
Bearish breakouts require bearish dominance to exceed the threshold.
If the filter fails, the affected level is removed instead of being marked as broken.
Bullish breakout with Breakout Volume Filter activated:
Bearish breakout with Breakout Volume Filter activated:
🔹Unmitigated Levels
Controls how live (unmitigated) swing levels are drawn. Users can customize the Line style, thickness, and colors for live levels.
Live levels shown with unmitigated styling:
🔹Broken Levels
Controls how a level looks after it breaks and locks it to the breakout bar. Switches the level to broken style, width, and color, and stops extending and ends at the breakout candle time.
🔹Volume Delta
Controls the colors used for bullish and bearish dominance on the split-body overlay.
🔹Extend Levels
Controls how far levels extend forward when Extend Right is disabled.
🔹Extend Right
When enabled, levels extend all the way to the right instead of stopping at a fixed future point.
🔹Volume Delta Labels
Optional volume delta labels that print bullish and bearish volume with dominance percentages on breakout bars.
Shows bull and bear volumes plus percentages.
Places label above bullish breakouts and below bearish breakouts.
UNIQUENESS:
Breakout Volume Delta is unique because it visualizes breakout strength directly on the breakout candle using lower timeframe buy vs sell dominance, instead of relying on price action alone.
Breakout strength is shown inside the breakout candle by splitting the body into bullish and bearish participation segments.
Lower timeframe activity is mapped onto the higher timeframe candle so dominance is visible exactly where the breakout happened.
Swing levels provide breakout context, while the split-body overlay explains how much real participation supported the move.
Chart-clean design keeps the display readable by limiting how many levels remain on screen.
Indicator
Swing High-Low Line ConnectorSwing High-Low Line Connector is a simple and intuitive tool that automatically detects swing highs and swing lows using fractal-style pivot logic and connects them with clean, continuous lines. This indicator helps traders visualize market structure, trend shifts, and swing-based support/resistance levels at a glance.
The script identifies each confirmed swing point based on a user-defined lookback window (left/right bars). When a new swing is confirmed, the indicator updates the previous leg or creates a new one, effectively drawing the classic “zigzag-style” connections used in discretionary trading and price-action analysis.
A dynamic tail extension is included to show the most recent swing extending toward the current price. By default, the tail follows a ZigZag-style logic—extending upward after a swing low and downward after a swing high—but users can also anchor it to Close, High, Low, or HL2.
Features
Automatic detection of swing highs and swing lows
Clean line connections between swings (similar to discretionary market-structure mapping)
Proper consolidation handling: weaker highs/lows are ignored
Optional ZigZag-style dynamic tail extension
Fully customizable lookback window, line color, and line width
Works on any market and timeframe
Use Cases
Identifying market structure (HH, HL, LH, LL)
Visualizing trend transitions
Spotting breakout levels and swing-based support/resistance
Aiding discretionary swing trading, trend following, or pattern recognition
This indicator keeps the logic simple and visual—ideal for traders who prefer clean chart structure without unnecessary noise. Indicator
Swing Traces [BigBeluga]🔵 OVERVIEW
The Swing Traces indicator identifies significant swing points in the market and extends them forward as fading traces. These traces represent the memory of recent highs and lows, showing how price interacts with past turning points over time. Traders can use the fading intensity and breakout signals to gauge when a swing has lost influence or when price reacts to it again.
🔵 CONCEPTS
Swing Detection – Detects recent upper and lower swing points using sensitivity-based highs and lows.
Trace Longevity – Each swing projects a “trace” forward in time, gradually fading with age until it expires.
Trace Size – Each trace is drawn with both a main level and a size extension (half of the bar range) to highlight swing influence.
Longevity Counters – Swings remain active for a customizable number of bars before fading out or being crossed by price.
Swing Retest – Labels appear when price retest above/below an active trace extension levels, confirming potential reversal.
🔵 FEATURES
Adjustable sensitivity length for swing detection.
Separate longevity controls for upper and lower swing traces.
Fading gradient coloring for visualizing how long a trace has been active.
Double-trace plotting: one at the swing level and one offset by trace size.
Clear BUY/SELL signals when price crosses a swing trace after it has matured.
🔵 HOW TO USE
Use blue (upper) traces as resistance zones; lime (lower) traces as support zones.
Watch for fading traces: the longer they persist, the weaker their influence becomes.
Retest dots (●) confirm when price retest a trace, signaling a potential reversal.
Shorter sensitivity values detect faster, smaller swings; longer values capture major swing structures.
Combine with trend indicators or volume to filter false breakout signals.
🔵 CONCLUSION
The Swing Traces indicator is a powerful tool for mapping price memory. By projecting recent swing highs and lows forward and fading them over time, it helps traders see where price may react, consolidate, or break through with strength. Its dynamic traces and breakout labels make it especially useful for swing traders, breakout traders, and liquidity hunters. Indicator
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Dynamic Market Structure DetectorTitle: Dynamic Market Structure Detector – Real-Time BoS & ChoCH Signals
Short Description:
Identify market structure dynamically with real-time Break of Structure (BoS) and Change of Character (ChoCH) signals. Highlight untested support and resistance zones to improve trading precision.
Full Description:
The Dynamic Market Structure Detector is a powerful PulseWire indicator designed for traders who want to automate the identification of key market structure levels. This indicator simplifies market analysis by dynamically tracking swing highs and lows, marking critical Break of Structure (BoS) and Change of Character (ChoCH) points, and highlighting untested support and resistance zones.
Key Features:
1. Real-Time Signals:
• Marks Break of Structure (BoS) and Change of Character (ChoCH) points as they occur.
• Automatically updates as the market evolves.
2. Dynamic Swing Highs and Lows:
• Tracks swing highs and lows based on user-defined sensitivity (Swing Length).
• Adjust swing length to tailor signals for intraday or swing trading.
3. Untested Zones Highlight:
• Visualize untested support and resistance zones dynamically.
• Opacity settings allow customization for better chart readability.
4. Customizable Inputs:
• Swing Length:
Adjust the sensitivity of BoS and ChoCH signals.
• Smaller Swing Length values (e.g., 3–5): Capture short-term market movements, ideal for intraday trading.
• Larger Swing Length values (e.g., 10–20): Focus on significant market structure changes for swing or positional trading.
Experiment with these values to find the best fit for your trading style.
• Untested Zone Opacity:
Control the visibility of highlighted support and resistance zones.
• Lower opacity values (e.g., 10–50): Make the zones more prominent, helpful for darker chart backgrounds.
• Higher opacity values (e.g., 70–90): Provide subtle highlights, better suited for lighter chart setups.
• A value of 100% renders the zones completely transparent (invisible).
Use this setting to customize the visual appearance of your chart while still retaining key zone information.
5. User-Friendly Visualization:
• Color-coded labels for BoS (Green) and ChoCH (Red).
• Highlight zones for untested areas using customizable colors (Support: Blue, Resistance: Orange).
Why Use This Indicator?
• Simplifies market structure analysis by automating key calculations.
• Helps traders identify potential trend reversals and continuation points.
• Reduces the need for manual charting, saving time and effort.
• Provides visual clarity on untested zones for better decision-making.
Recommended Usage:
• Intraday Traders: Use smaller Swing Length values (e.g., 3–5) to capture short-term market movements.
• Swing Traders: Opt for higher Swing Length values (e.g., 10–20) to focus on larger market structure changes.
• Monitor untested zones for potential price reactions, enhancing your trade entries and exits.
Notes :
This indicator is best suited for traders who prefer price action trading and market structure analysis. While the indicator provides reliable insights, it is recommended to use it in conjunction with other analysis tools for a holistic trading approach.
Credits:
Developed by TradeTech Analysis to empower traders with automated tools for smarter trading decisions.
Indicator
Swing Percentile Lines [QuantVue]The Swing High/Low Percentile Indicator is designed to help traders identify key price levels based on the most recent swing high and low. By anchoring to the most recent swing high and swing low, the indicator automatically generates percentile lines ( 25%, 50%, 75%) that act as dynamic support and resistance levels.
What Does the Indicator Do?
The Swing High/Low Percentile Indicator works by identifying the most recent significant price swings, whether it's a swing high or swing low. It then calculates the range between these points and divides the distance into percentage-based levels. These levels are plotted on the chart as clear, easy-to-read lines at 25%, 50%, and 75% of the range between the swing high and low.
These percentile lines serve as dynamic price zones where traders can anticipate potential reactions, whether the market is trending or consolidating.
How Can Traders Use the Indicator?
Support and Resistance: The percentile lines act as evolving support and resistance zones. Traders can anticipate price bounces or breaks at these levels, providing opportunities for trend-following or reversal trades.
Trend Identification: The indicator helps traders determine the strength of a trend. In a strong uptrend, price will likely stay above the 50% or 75% lines, while in a downtrend, it may remain below the 50% or 25% lines. This gives traders an edge in recognizing the overall market direction.
Entry and Exit Points: Traders can use the percentile lines to time their entries and exits. For example, entering a trade on a pullback to the 25% or 50% line offers a favorable risk-to-reward ratio. Similarly, the percentile lines serve as natural profit targets, allowing traders to plan exits as the price approaches the 50% or 75% levels.
Risk Management: The clear delineation of price levels makes it easy for traders to set stop-loss orders. For example, if price falls below the 25% line in an uptrend, it may signal weakness, prompting an exit or reduced position size.
Breakout and Breakdown Scenarios: When price breaks above a recent swing high or below a swing low, the percentile lines provide traders with pullback entry opportunities or key levels to watch for continuation of the move. Indicator
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Swing Highs/Lows & Candle Patterns [LuxAlgo]This script labels swing highs and swing lows as well as the candle pattern that occurred at that precise point. The script can detect the following 6 candle patterns: hammer, inverse hammer, bullish engulfing, hanging man, shooting star, and bearish engulfing.
This indicator by its very nature backpaints by default, meaning that the displayed components are offset in the past.
🔶 USAGE
It can be interesting to see if a top or bottom is associated with a specific candle pattern, this allows us to study the potential of such a pattern to indicate a reversal. You can hover on a label with a specific pattern to see more details about it.
The notations HH, HL, LH, and LL you can see on the labels are defined as follows:
HH : Higher high
HL : Higher low
LH : Lower high
LL : Lower low
🔶 SETTING
Length: Sensitivity of the swing high/low detection, with lower values returning the maximum/minimum of shorter-term price variations. Indicator
Kawabunga Swing Failure Points Candles (SFP) by RRBKawabunga Swing Failure Points Candles (SFP) by RagingRocketBull 2019
Version 1.0
This indicator shows Swing Failure Points (SFP) and Swing Confirmation Points (SCP) as candles on a chart.
SFP/SCP candles are used by traders as signals for trend confirmation/possible reversal.
The signal is stronger on a higher volume/larger candle size.
A Swing Failure Point (SFP) candle is used to spot a reversal:
- up trend SFP is a failure to close above prev high after making a new higher high => implies reversal down
- down trend SFP is a failure to close below prev low after making a new lower low => implies reversal up
A Swing Confirmation Point (SCP) candle is just the opposite and is used to confirm the current trend:
- up trend SCP is a successful close above prev high after making a new higher high => confirms the trend and implies continuation up
- down trend SCP is a successful close below prev low after making a new lower low => confirms the trend and implies continuation down
Features:
- uses fractal pivots with optional filter
- show/hide SFP/SCP candles, pivots, zigzag, last min/max pivot bands
- dim lag zones/hide false signals introduced by lagging fractals or
- use unconfirmed pivots to eliminate fractal lag/false signals. 2 modes: fractals 1,1 and highest/lowest
- filter only SFP/SCP candles confirmed with volume/candle size
- SFP/SCP candles color highlighting, dim non-important bars
Usage:
- adjust fractal settings to get pivots that best match your data (lower values => more frequent pivots. 0,0 - each candle is a pivot)
- use one of the unconfirmed pivot modes to eliminate false signals or just ignore all signals in the gray lag zones
- optionally filter only SFP/SCP candles with large volume/candle size (volume % change relative to prev bar, abs candle body size value)
- up/down trend SCP (lime/fuchsia) => continuation up/down; up/down trend SFP (orange/aqua) => possible reversal down/up. lime/aqua => up; fuchsia/orange => down.
- when in doubt use show/hide pivots/unconfirmed pivots, min/max pivot bands to see which prev pivot and min/max value were used in comparisons to generate a signal on the following candle.
- disable offset to check on which bar the signal was generated
Notes:
Fractal Pivots:
- SFP/SCP candles depend on fractal pivots, you will get different signals with different pivot settings. Usually 4,4 or 2,2 settings are used to produce fractal pivots, but you can try custom values that fit your data best.
- fractal pivots are a mixed series of highs and lows in no particular order. Pivots must be filtered to produce a proper zigzag where ideally a high is followed by a low and another high in orderly fashion.
Fractal Lag/False Signals:
- only past fractal pivots can be processed on the current bar introducing a lag, therefore, pivots and min/max pivot bands are shown with offset=-rightBars to match their target bars. For unconfirmed pivots an offset=-1 is used with a lag of just 1 bar.
- new pivot is not a confirmed fractal and "does not exist yet" while the distance between it and the current bar is < rightBars => prev old fractal pivot in the same dir is used for comparisons => gives a false signal for that dir
- to show false signals enable lag zones. SFP/SCP candles in lag zones are false. New pivots will be eventually confirmed, but meanwhile you get a false signal because prev pivot in the same dir was used instead.
- to solve this problem you can either temporary hide false signals or completely eliminate them by using unconfirmed pivots of a smaller degree/lag.
- hiding false signals only works for history and should be used only temporary (left disabled). In realtime/replay mode it disables all signals altogether due to PulseWire's bug (barcolor doesn't support negative offsets)
Unconfirmed Pivots:
- you have 2 methods to check for unconfirmed pivots: highest/lowest(rightBars) or fractals(1,1) with a min possible step. The first is essentially fractals(0,0) where each candle is a pivot. Both produce more frequent pivots (weaker signals).
- an unconfirmed pivot is used in comparisons to generate a valid signal only when it is a higher high (> max high) or a lower low (< min low) in the dir of a trend. Confirmed pivots of a higher degree are not affected. Zigzag is not affected.
- you can also manually disable the offset to check on which bar the pivot was confirmed. If the pivot just before an SCP/SFP suddenly jumps ahead of it - prev pivot was used, generating a false signal.
- last max high/min low bands can be used to check which value was used in candle comparison to generate a signal: min(pivot min_low, upivot min_low) and max(pivot max_high, upivot max_high) are used
- in the unconfirmed pivots mode the max high/min low pivot bands partially break because you can't have a variable offset to match the random pos of an unconfirmed pivot (anywhere in 0..rightBars from the current bar) to its target bar.
- in the unconfirmed pivots mode h (green) and l (red) pivots become H and L, and h (lime) and l (fuchsia) are used to show unconfirmed pivots of a smaller degree. Some of them will be confirmed later as H and L pivots of a higher degree.
Pivot Filter:
- pivot filter is used to produce a better looking zigzag. Essentially it keeps only higher highs/lower lows in the trend direction until it changes, skipping:
- after a new high: all subsequent lower highs until a new low
- after a new low: all subsequent higher lows until a new high
- you can't filter out all prev highs/lows to keep just the last min/max pivots of the current swing because they were already confirmed as pivots and you can't delete/change history
- alternatively you could just pick the first high following a low and the first low following a high in a sequence and ignore the rest of the pivots in the same dir, producing a crude looking zigzag where obvious max high/min lows are ignored.
- pivot filter affects SCP/SFP signals because it skips some pivots
- pivot filter is not applied to/not affected by the unconfirmed pivots
- zigzag is affected by pivot filter, but not by the unconfirmed pivots. You can't have both high/low on the same bar in a zigzag. High has priority over Low.
- keep same bar pivots option lets you choose which pivots to keep when there are both high/low pivots on the same bar (both kept by default)
SCP/SFP Filters:
- you can confirm/filter only SCP/SFP signals with volume % change/candle size larger than delta. Higher volume/larger candle means stronger signal.
- technically SCP/SFP is always the first matching candle, but it can be invalidated by the following signal in the opposite dir which in turn can be negated by the next signal.
- show first matching SCP/SFP = true - shows only the first signal candle (and any invalidations that follow) and hides further duplicate signals in the same dir, does not highlight the trend.
- show first matching SCP/SFP = false - produces a sequence of candles with duplicate signals, highlights the whole trend until its dir changes (new pivot).
Good Luck! Feel free to learn from/reuse the code to build your own indicators!
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