Pivot Point Hi Low Indicator?

Travis Clayton · 2016-08-29T11:01:00+00:00

Thank you in advance for looking at this post. I have been trying to code an indicator that only shows the last highest high of 7 days and only the lowest low of 7 days with an arrow up or down. The code i have so far is below, but it does not look correct. Can anyone here see what i am doing wrong. Once I get it right, i want to add a moving average to the indicator to return a chart that looks something like: https://www.youtube.com/watch?v=kVyMj1zDHCY Current Code: PPH = highest [7] (high) PPL = lowest [7] (low) if pph [0] > high [7] then DRAWARROWDOWN(barindex[1],high[1])coloured(255,10,10) endif if ppl [0] < low [7] then DRAWARROWUP(barindex[1],low[1])coloured(10,255,10) endif a = pph b = ppl RETURN a COLOURED (0,255,255) as "weightedaverage [1]", b COLOURED (0,255,255) as "weighted average [1]" Also attached is a picture of what the chart looks like with this code. HELP!!????

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08/29/2016 at 12:01 PM #12382 quote
Travis Clayton
Participant

New
Thank you in advance for looking at this post. I have been trying to code an indicator that only shows the last highest high of 7 days and only the lowest low of 7 days with an arrow up or down. The code i have so far is below, but it does not look correct. Can anyone here see what i am doing wrong. Once I get it right, i want to add a moving average to the indicator to return a chart that looks something like:

https://www.youtube.com/watch?v=kVyMj1zDHCY

Current Code:
```
PPH = highest [7] (high)
PPL = lowest [7] (low)

if pph [0] > high [7] then

DRAWARROWDOWN(barindex[1],high[1])coloured(255,10,10)
endif
if ppl [0] < low [7] then
DRAWARROWUP(barindex[1],low[1])coloured(10,255,10)
endif
a = pph
b = ppl

RETURN a COLOURED (0,255,255) as "weightedaverage [1]", b COLOURED (0,255,255) as "weighted average [1]"
```
Also attached is a picture of what the chart looks like with this code. HELP!!????

Screen-Shot-2016-08-29-at-8.56.59-PM.png
08/29/2016 at 2:55 PM #12390 quote

Nicolas
Keymaster

Legend

So you want to throw arrows on chart when you are breaking the highest high and lowest low of the last 7 periods?

08/30/2016 at 12:03 PM #12462 quote

Travis Clayton
Participant

New

Hi Nicolas,

I am wanting to identify the highest high of the past 7 days and the lowest low of the past seven days. I then want to apply a line/segment or moving average to those points as is shown in the youtube link. I also want to create a CMO indicator that is based on the highs and lows of the created indicator. I have tried to code this myself, but lack the coding knowledge to achieve this. The nearest i have been able to achieve is a segment on a the high. Any ideas?

Regards,

Travis

08/30/2016 at 3:32 PM #12466 quote

Nicolas
Keymaster

Legend

The highest high and lowest low of the past 7 days is nothing more than a donchian channel of 7 periods 🙂

About the CMO indicator, could you please explain me a bit? I prefer words than a youtube video, please.

08/30/2016 at 5:17 PM #12480 quote

bard
Participant

Average

on the video is the PPHILO from Fidelity

here is the condition

https://www.fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/pivot-points-high-low

08/30/2016 at 7:22 PM #12490 quote

Nicolas
Keymaster

Legend

Ok thanks, I coded it. Please find attached the indicators and how it feels on PRT 10.2

Indicator also added to the Library : http://www.prorealcode.com/prorealtime-indicators/bar-count-reversals-pivot-points-highlow/

PRC_PivotHiLo.itf pivot-high-low.png

10/02/2017 at 2:01 PM #48008 quote

zuzito28
Participant

Junior

thank you for indi. But why it shows pivots 3 periods forvard ? How can I change it?

Bez-názvu.jpg

10/02/2017 at 3:31 PM #48019 quote

Nicolas
Keymaster

Legend

Because the detected levels are available 3 bars later 🙂 and also because more than 1 year ago, it was not possible to plot in the past, this is now possible with version 10.3.

10/02/2017 at 3:42 PM #48022 quote

zuzito28
Participant

Junior

Thank’s.. How can I change code to plot pivots x periods back ? If I use period 4 , plot pivots 4 periods backward…

This version is little bit chaotic for me.

10/02/2017 at 4:27 PM #48029 quote
Nicolas
Keymaster

Legend
You can replace the code of the indicator with this one:
```
//PRC_PivotHiLo
//30.08.2016
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge

p = 4

period = round(p/2)+1
hh = high[period]
ll = low[period]
countH = 0
countL = 0
for i = 1 to period-1 do
if high[i]<hh then
countH=countH+1
endif
if low[i]>ll then
countL=countL+1
endif
next
for i = period+1 to p+1 do
if high[i]<hh then
countH=countH+1
endif
if low[i]>ll then
countL=countL+1
endif
next

if countH=p then
pivotH = high[period]
endif
if countL=p then
pivotL = low[period]
endif

drawtext("•",barindex[period],pivotH) 
drawtext("•",barindex[period],pivotL)

RETURN //pivotH, pivotL
```
Now, dots begin to draw at the right bar in the past until a new highest high or lowest low is discovered.

turning-points-indicator.png
10/02/2017 at 6:27 PM #48052 quote

zuzito28
Participant

Junior

Thank you. Works well. last thing, color is black. how can I change it?

Thank you very much.

10/03/2017 at 7:16 AM #48082 quote
Nicolas
Keymaster

Legend
Just the RGB color you want for each of the dots code, example (red for lower ones and green for upper ones)
```
drawtext("•",barindex[period],pivotH) coloured(0,255,0)
drawtext("•",barindex[period],pivotL) coloured(255,0,0)
```
10/03/2017 at 8:00 AM #48087 quote

zuzito28
Participant

Junior

Thank you.

I compre this pivotHiLo with tradingview pivot HiLo. Is possible add this formula ? ” //h1 is a pivot of h if it holds for the full length ”

” //The length defines how many periods a high or low must hold to be a “relevant pivot” ”

Tradingview code

study(title=”Pivot Points H/L”, shorttitle=”Pivots H/L”, overlay=true)
len = input(14, 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(len)
l1 = dev(l, len) ? na : l
lpivot = fixnan(l1)
//repeated for lows

plot(hpivot, color=blue, linewidth=2, offset= -len+1)
plot(lpivot, color=purple, linewidth=2, offset= -len+1)
//plot(h1, color=black, style=circles, linewidth=4, offset= -len+1)
//plot(l1, color=black, style=circles, linewidth=4, offset= -len+1)

10/03/2017 at 8:16 AM #48088 quote

Nicolas
Keymaster

Legend

Whatever how it is calculated, highest high and lowest low should be always the same. You should have a look at these others indicators of our library to identify peaks and troughs:

https://www.prorealcode.com/prorealtime-indicators/bill-williams-fractals/

https://www.prorealcode.com/prorealtime-indicators/multi-fractals-zigzag-highlow/

https://www.prorealcode.com/prorealtime-indicators/volatility-breakout-indicator/

https://www.prorealcode.com/prorealtime-indicators/fractals-zigzag/

10/03/2017 at 8:47 AM #48093 quote

zuzito28
Participant

Junior

Ok. Thank you very much.
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