Library "Pivots" This Library focuses in functions related to pivot highs and lows and some of their applications (i.e. divergences, zigzag, harmonics, support and resistance...)
pivots(srcH, srcL, length) Delivers series of pivot highs, lows and zigzag. Parameters: srcH: Source series to look for pivot highs. Stricter applications might source from 'close' prices. Oscillators are also another possible source to look for pivot highs and lows. By default 'high' srcL: Source series to look for pivot lows. By default 'low' length: This value represents the minimum number of candles between pivots. The lower the number, the more detailed the pivot profile. The higher the number, the more relevant the pivots. By default 10 Returns: [pivotHigh, pivotLow]
zigzagArray(pivotHigh, pivotLow) Delivers a Zigzag series based on alternating pivots. Ocasionally this line could paint a few consecutive lows or highs without alternating. That happens because it's finding a few consecutive Higher Highs or Lower Lows. If to use lines entities instead of series, that could be easily avoided. But in this one, I'm more interested outputting series rather than painting/deleting line entities. Parameters: pivotHigh: Pivot high series pivotLow: Pivot low series Returns: [zigzagSeries, zigzagValues, zigzagIndex, zigzagPivot]
zigzagLine(srcH, srcL, colorLine, widthLine) Delivers a Zigzag based on line entities. Parameters: srcH: Source series to look for pivot highs. Stricter applications might source from 'close' prices. Oscillators are also another possible source to look for pivot highs and lows. By default 'high' srcL: Source series to look for pivot lows. By default 'low' colorLine: Color of the Zigzag Line. By default Fuchsia widthLine: Width of the Zigzag Line. By default 4 Returns: Zigzag printed on screen
divergence(h2, l2, h1, l1, length) Calculates divergences between 2 series Parameters: h2: Series in which to locate divs: Highs l2: Series in which to locate divs: Lows h1: Series in which to locate pivots: Highs. By default high l1: Series in which to locate pivots: Lows. By default low length: Length used to calculate Pivots: By default 10 Returns: [actualH2, actualL2, actualH1, actualL1, bullRegDiv, bearRegDiv, bullHidDiv, bearHidDiv, bullRegDivRT, bearRegDivRT, bullHidDivRT, bearHidDivRT]