Pivoting Pivot

2022년 5월 21일

Many people use Pivots when conducting analysis, but I don't see many people using pivoting pivots. Pivoting pivots are pivots that don't have any other pivots around them. They can be useful when trying to separate pivot clusters from important pivot points.

The code is calculated by finding the distance between two candlesticks (left check), then calculating the distance between the last pivot and the current candlestick.

On the chart: labels are TradingView's official pivot high and pivot low script, and the blue candle color is my pivoting pivots (both with a look left and look right of 2).

Special thanks to fikira for helping me with ideas for the calculations!