Pivot Extremes Breakout

I created the "Pivot Extremes Breakout" (PEB) indicator to easily spot breakout zones using pivot points. This tool comes from my need to anticipate market direction and capitalize on breakouts. PEB uses the last two pivot points to predict price paths and highlights potential breakout areas, adjusting for any timeframe. It simplifies seeing where the market might move next with color-coded lines and zones, aiming to improve your trading decisions.

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Added a "Show/Hide Pivots" toggle to the "Pivot Extremes Breakout" indicator settings, allowing users to choose whether to display pivot points on the chart for a cleaner view and focused analysis.

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Optimized Extrapolation Method: Updated the extrapolation function for pivot points, providing clearer insights into potential breakout zones.

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In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.