Pivot-Based Trend Labels [BETA]

wczoraj

Automatically labels Higher Highs, Lower Highs, Higher Lows and Lower Lows using pivots, with optional zigzag lines and resistance proximity alerts. BETA version for testing and feedback.


## Overview
**Pivot-Based Trend Labels v2.0 [BETA]** is a structure-focused tool that automatically detects pivot highs and lows, then labels them as:
- **HH** – Higher High
- **LH** – Lower High
- **LL** – Lower Low
- **HL** – Higher Low

It’s designed to make trend structure (higher highs / higher lows vs lower highs / lower lows) easy to read at a glance. You can optionally draw connecting “zigzag” lines between pivots and enable a resistance proximity alert.

---

## Key Features
- **Pivot-based structure labels**
- Detects pivot highs/lows using a configurable lookback period
- Labels each new pivot as HH / LH / LL / HL
- Optional filter for minimum price change to ignore noise

- **Clean visual controls**
- Show/hide all labels with a single toggle
- Choose between HH/LH/LL/HL text or actual **price values**
- Individual toggles & customizable colors for each structure label
- Label size & background transparency controls

- **Optional ZigZag lines**
- Connects successive pivots to visualize swing structure
- Customizable color, transparency, width, and style

- **Resistance proximity alert** (optional)
- Dynamic resistance using highest high of last `length * 2` bars
- Or choose a **Manual Resistance** price
- Visual ⚠ label on the chart when price gets within threshold
- Cooldown to avoid duplicate alerts

- **Date range filter** (optional)
- Show labels/lines only within selected time window
- Optional end date or live continuation

---

## Inputs (Quick Guide)

**Pivot Settings**
- Pivot Lookback Period — Pivot confirmation threshold
- Min Bars Between Labels — Prevents label overcrowding
- Min Price Change (Absolute) — Filters noise

**Visuals: Labels**
- Global “Show Labels”
- Toggle/Color HH / LH / LL / HL
- Price or Structure text display
- Adjustable size & transparency

**Visuals: Lines**
- Toggle pivot-connecting lines
- Width, color, transparency, style options

**Resistance Alerts**
- Enable/disable resistance proximity detection
- Manual or dynamic resistance logic
- Percent threshold + visual label options
- Cooldown in bars

**Date Range Filter**
- Restrict script drawings to a specific window

---

## How to Use
1. Start with default settings to view baseline structure.
2. Increase **Pivot Lookback Period** for smoother swings on higher TFs.
3. Adjust **Min Price Change** to filter small movements in volatile markets.
4. Enable **zigzag lines** for clearer visual swing structure.
5. Turn on **resistance alerts** if you want proactive warnings.
6. Use the **date filter** for clearer backtesting or focused study.

---

## Alerts
Alerts trigger automatically when:
- A **new HH, LH, LL, or HL** is confirmed
- Price **approaches your resistance level**

Configure alerts using TradingView’s “Create Alert” on this script.

---

## Notes & Limitations
- **BETA version**: features & settings may change in future updates.
- Labels appear **after confirmation** — pivots require lookback bars.
- Performance & appropriateness depend on market/timeframe — experiment!

---

## Disclaimer
This script is for **educational and informational purposes only** and does not constitute financial advice. Past performance does not guarantee future results. You are responsible for all investment decisions made while using this tool.

---

## License / Terms of Use
© 2025 YourName. All rights reserved.
Personal-use only. Redistribution, resale, or inclusion in paid products/services is prohibited without explicit written permission from the author.

wczoraj

Informacje o Wersji

Automatically labels Higher Highs, Lower Highs, Higher Lows and Lower Lows using pivots, with optional zigzag lines and resistance proximity alerts. BETA version for testing and feedback.


## Overview
**Pivot-Based Trend Labels v2.0 [BETA]** is a structure-focused tool that automatically detects pivot highs and lows, then labels them as:
- **HH** – Higher High
- **LH** – Lower High
- **LL** – Lower Low
- **HL** – Higher Low

It’s designed to make trend structure (higher highs / higher lows vs lower highs / lower lows) easy to read at a glance. You can optionally draw connecting “zigzag” lines between pivots and enable a resistance proximity alert.

---

## Key Features
- **Pivot-based structure labels**
- Detects pivot highs/lows using a configurable lookback period
- Labels each new pivot as HH / LH / LL / HL
- Optional filter for minimum price change to ignore noise

- **Clean visual controls**
- Show/hide all labels with a single toggle
- Choose between HH/LH/LL/HL text or actual **price values**
- Individual toggles & customizable colors for each structure label
- Label size & background transparency controls

- **Optional ZigZag lines**
- Connects successive pivots to visualize swing structure
- Customizable color, transparency, width, and style

- **Resistance proximity alert** (optional)
- Dynamic resistance using highest high of last `length * 2` bars
- Or choose a **Manual Resistance** price
- Visual ⚠ label on the chart when price gets within threshold
- Cooldown to avoid duplicate alerts

- **Date range filter** (optional)
- Show labels/lines only within selected time window
- Optional end date or live continuation

---

## Inputs (Quick Guide)

**Pivot Settings**
- Pivot Lookback Period — Pivot confirmation threshold
- Min Bars Between Labels — Prevents label overcrowding
- Min Price Change (Absolute) — Filters noise

**Visuals: Labels**
- Global “Show Labels”
- Toggle/Color HH / LH / LL / HL
- Price or Structure text display
- Adjustable size & transparency

**Visuals: Lines**
- Toggle pivot-connecting lines
- Width, color, transparency, style options

**Resistance Alerts**
- Enable/disable resistance proximity detection
- Manual or dynamic resistance logic
- Percent threshold + visual label options
- Cooldown in bars

**Date Range Filter**
- Restrict script drawings to a specific window

---

## How to Use
1. Start with default settings to view baseline structure.
2. Increase **Pivot Lookback Period** for smoother swings on higher TFs.
3. Adjust **Min Price Change** to filter small movements in volatile markets.
4. Enable **zigzag lines** for clearer visual swing structure.
5. Turn on **resistance alerts** if you want proactive warnings.
6. Use the **date filter** for clearer backtesting or focused study.

---

## Alerts
Alerts trigger automatically when:
- A **new HH, LH, LL, or HL** is confirmed
- Price **approaches your resistance level**

Configure alerts using TradingView’s “Create Alert” on this script.

---

## Notes & Limitations
- **BETA version**: features & settings may change in future updates.
- Labels appear **after confirmation** — pivots require lookback bars.
- Performance & appropriateness depend on market/timeframe — experiment!

---

## Disclaimer
This script is for **educational and informational purposes only** and does not constitute financial advice. Past performance does not guarantee future results. You are responsible for all investment decisions made while using this tool.

---

## License / Terms of Use
© 2025 All rights reserved.
Personal-use only. Redistribution, resale, or inclusion in paid products/services is prohibited without explicit written permission from the author.