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Cumulative Pivot HighLow

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This indicator counts number of higher highs/lows and number of lower highs/lows and calculates trend based on that.

Indicator line shows (sum of higher highs/lows - sum of lower highs/lows) derived from last loopback periods. Indicator is green if last two consecutive highs/lows formed are on higher side. Red if on lower side. (Consecutive numbers can be controlled by parameter direction_threshold)

combineHighsAndLows if unselected shows not cumulative version but last consecutive highs and lows marked in red or green according to the trend.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.