TTM Scalper Alert

TTM Scalper Alert — Real-Time Pivot Detector

Description:

This is a custom implementation of the classic TTM Scalper Alert, adapted to show early pivot detection and trend structure tracking in real-time. The script identifies potential highs and lows before the full pivot confirmation—giving traders an early edge—and removes outdated signals once pivots are confirmed.

It supports two levels of detection:

Fast Alert Pivots: Identified after Alert Period candles confirm a local reversal.

Confirmed Pivots: Validated only after Pivot Period candles on both sides ensure a true swing high/low.

How It Works:

Fast Detection (Early Pivots):

Detected after Alert Period (AP) candles. These are provisional signals, shown as triangle labels (▲▼) near current price. Only the latest signal is shown; previous fast pivots are deleted to avoid clutter.

Confirmed Pivots:

Detected with a full lookback of Pivot Period (PP) on both sides of the candle. Shown using plotshape with triangle markers (▲▼). Serve as anchors for price structure analysis (HH-HL or LL-LH tracking).

Custom Source Option:

Users can choose to base pivots on High/Low or Close/Open range. Helps adjust sensitivity depending on volatility or bar structure.

How to Interpret:

Trend & Market Structure:

Use Confirmed Pivots (plotshapes) to analyze market structure:

• HH → HL: Uptrend
  
• LL → LH: Downtrend
  

Watch for breaks in structure for possible reversals

Early Alerts:

The floating labels (▲▼) represent early warnings of a potential pivot. Use them to anticipate:

• Short-term exhaustion
  
• Quick scalping entries
  
• Divergence setups
  

Inputs:

Source: Choose from High/Low or Close/Open — affects how pivots are calculated

Alert Period: How fast the script detects an early reversal pattern (used for entry timing)

Pivot Period: How many candles before/after to confirm a full pivot (used for structural analysis)

Best For:

• Traders who follow price action and structure
  
• Scalpers and intraday traders who want early signals
  
• Anyone using pivot highs/lows for confluence with other tools (like RSI divergence, Bollinger Bands, VWAP, etc.)
  

Pro Tips:

Combine this with:

• Trend Magic or Supertrend for directional bias
  
• Volume spike filters to confirm reversal intent
  
• RSI/CCI divergence to strengthen reversal pivots
  

Adjust Alert Period to tune early signal sensitivity (lower = faster but noisier)