Pivot Point Trend

Overview
A trend-following trailing line built from confirmed pivot highs/lows and ATR bands. The line turns green in uptrends and red in downtrends. A flip happens only when price closes on the other side of the opposite trail, helping filter noise.

How it works:

• Finds confirmed swing points (pivots) and builds a smoothed center from them.
  
• From that center, creates ATR-based bands.
  
• The active trail “locks” in the trend: in uptrends it never moves down; in downtrends it never moves up.
  
• Close above the prior upper trail → bullish; close below the prior lower trail → bearish.
  

Inputs

• Pivot Point Period (prd) – strictness of pivot confirmation (delay = prd bars).
  
• ATR Period (pd) and ATR Factor (factor) – band width; higher values = fewer flips.
  
• Calculation timeframe (calcTF) – leave empty to use chart TF, or set a hard TF like 1D, 4H.
  
• Show Center Line – optional central guide.
  
• Line Width – trail thickness.
  

Alerts

• Bullish Flip – trend turns bullish.
  
• Bearish Flip – trend turns bearish.
  
• Trend Changed – any flip event.
  

Usage tips

• Typical crypto intraday starters: prd 2–5, pd 10–14, factor 2.5–3.5.
  
• For smoother signals, compute on a higher TF (e.g., calcTF = 1D) and time entries on your lower TF.
  
• Prefer actions on bar close of the calculation TF to avoid intrabar whipsaw.
  

Notes on repainting
The script uses request.security(..., lookahead_off). Pivots confirm after prd bars by design; once confirmed, the center and trails do not use future data. Evaluate flips on bar close for consistency, especially when calcTF > chart TF.

Disclaimer
Educational use only. Not financial advice. Trading involves risk.