Smart High low Pivot Points

## Description

The **Pivot High Low Indicator** is a powerful technical analysis tool designed to automatically identify and highlight significant pivot points in price action. This indicator marks crucial reversal zones where price has formed local peaks (pivot highs) and troughs (pivot lows), helping traders spot potential support/resistance levels and trend reversal points.

The indicator features intelligent price formatting that adapts to any market - from crypto tokens to large-cap stocks - displaying values in readable formats (M/B/T notation for large numbers, precise decimals for small values).

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## Key Features

### 🎯 **Dual Pivot Detection System**
- **Pivot Highs**: Automatically identifies local price peaks where price is higher than surrounding bars
- **Pivot Lows**: Detects local price bottoms where price is lower than surrounding bars
- Independent left/right length settings for each pivot type

### 🎨 **Fully Customizable Appearance**
- Separate color controls for pivot high and low labels
- Custom text colors for optimal visibility
- Distinct label background colors (default: green for highs, red for lows)
- Clean, non-intrusive chart overlay

### ⚙️ **Flexible Configuration**
- Adjustable left/right bar lengths for sensitivity control
- Independent settings for highs and lows
- Real-time adaptation to market conditions

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## Benefits

✅ **Identify Key Support & Resistance Levels** - Pivot points often act as important price levels where reversals occur

✅ **Spot Trend Reversals Early** - Recognize when momentum shifts from bullish to bearish or vice versa

✅ **Enhanced Market Structure Analysis** - Understand swing highs and lows for better trade timing

✅ **Works Across All Markets** - Optimized for stocks, forex, crypto, commodities, and indices

✅ **Clean Visual Presentation** - Labeled price points directly on chart without clutter

✅ **Universal Price Display** - Automatically formats prices for readability regardless of asset value


## Settings Available

### **LENGTH LEFT / RIGHT**

| Setting | Default | Min | Description |
|---------|---------|-----|-------------|
| **Pivot High - Left** | 15 | 1 | Number of bars to the left that must be lower than the pivot high |
| **Pivot High - Right** | 15 | 1 | Number of bars to the right that must be lower than the pivot high |
| **Pivot Low - Left** | 7 | 1 | Number of bars to the left that must be higher than the pivot low |
| **Pivot Low - Right** | 7 | 1 | Number of bars to the right that must be higher than the pivot low |

**💡 Tip**: Higher values = fewer, more significant pivots. Lower values = more frequent, minor pivots.

### **TEXT COLOR / LABEL COLOR**

| Setting | Default | Description |
|---------|---------|-------------|
| **Pivot High - Text Color** | White | Color of the price text on pivot high labels |
| **Pivot High - Label Color** | Green (#005703) | Background color of pivot high labels |
| **Pivot Low - Text Color** | White | Color of the price text on pivot low labels |
| **Pivot Low - Label Color** | Red (#7b0000) | Background color of pivot low labels |

## Use Cases

- 📈 **Swing Trading**: Identify swing high/low entry and exit points
- 🎯 **Support/Resistance**: Mark key levels for limit orders
- 📊 **Market Structure**: Analyze higher highs/higher lows or lower highs/lower lows
- ⚡ **Breakout Trading**: Spot when price breaks above pivot highs or below pivot lows
- 🔄 **Reversal Trading**: Enter trades at confirmed pivot points