Superalgos - HL Pivot Points

HL Pivot Points

Summary: The HL Pivots indicator analyses highs and lows of the past 14 candles and produces the current high and low in that period. It also keeps track of the previous high and low which can be used to predict a potential support or resistance level.

HL Pivots on the Charts

The indicator analyses high and low pivots through the past 14 periods and keeps track of the value until a new pivot is found.

The length of the pivot finder, as well as the pivot length can be changed by locating and opening the under -> under ’HL Pivot Points’ .

Products & Properties

The following properties are available to access:

Product Name	Product Variable	Properties
HL-Pivot-Points	HLpivot	candleHighVal, candleLowVal, candleHighValPrev, candleLowValPrev

Examples:

A basic strategy could use the previous period's high to enter a trade if that high ie expected to become a support:

 chart.at01hs.candle.close > chart.at01hs.HLpivot.candleHighValPrev

The indicator could also be used as a stop loss value when using the previous low value as a resistance:

 chart.at01hs.HLpivot.candleLowValPrev

Maintainer:

@quantum8 (github)

Pivots Data Mine — TOC

You just read page 2 in the topic.

1. Pivots by @quantum8

2. HL Pivot Points

3. Daily Pivot Points

4. Pivot Points Fib

5. Pivot Points Woodie

6. Pivot Points Camarilla

7. Pivot Points Denmark

8. Key Levels

9. Murrey Math Lines

Superalgos is an open-source project run and governed by a decentralized community of contributors. There is no legal entity behind the project. Our body of work lives on the Internet.