PipGuard RollerPip

PipGuard RollerPip – Confirmed Swing (H/L) Detector with Visual Guidance

Indicator published by PipGuard.

PipGuard RollerPip is a confirmed swing detector that plots H (swing high) and L (swing low) labels directly on the chart. It includes horizontal guides extending to the current candle and a compact legend showing the latest detected swing.

The logic is designed to identify true structural swings, filtering out market noise and ignoring minor fluctuations that lack technical relevance.



How it Works

• Detection Method (Non-Classical):
Unlike traditional 3-candle or fractal models (e.g., ICT-style structures), RollerPip employs a more refined process. It combines trend dynamics, movement amplitude, volume intensity, and closing behavior within a dynamic bar range.
This approach allows it to detect genuine structural swingsmoments where price exhaustion or continuation is confirmed while drastically reducing false signals.

• Labels and Guides:
Each confirmed swing generates an H (High) or L (Low) label with a progressive effect that softens over time.
Optional horizontal guides extend the swing level to the current candle, offering a clear visual anchor for ongoing analysis.

• Dynamic Legend:
A mini-legend updates in real-time, showing the most recent swing (H or L) for immediate context of the current market phase.

• Built-in Alerts (Focus):
Alerts trigger only on candle close when a new confirmed swing High or Low is detected.
Notifications automatically include symbol and timeframe, ensuring you never miss a key structural move, even when away from the chart.

How to Use

1. Add the script to your chart.
2. Observe the H/L labels to identify confirmed swing points.
3. Use the guides to maintain a visual reference up to the current bar.
4. Enable alerts (New Swing HIGH / LOW) to receive automatic notifications whenever a new swing is confirmed.
5. Integrate this information into your own technical workflow and risk management system.

EXAMPLE OF USE



EXAMPLE OF USE



Settings

• `Label Size` → Controls the size of H/L markers.
• `Swing → Current Candle Guides` → Enables or disables guide lines.
• `Maximum Guide Length (bars)` → Sets the extension of the visual reference.
• `Dashed Style` → Toggles between solid or dashed line style.
• Integrated Alerts: Two ready-to-use conditions (New Swing HIGH / LOW) with formatted messages (ticker + timeframe).
• All visual parameters are preconfigured to ensure a clean, consistent, and professional display.

Limitations

• Swings are confirmed on bar closethey validate turning points but do not anticipate them.
• In low-volatility or sideways phases, more frequent swings may appear.
• Past performance does not guarantee future results.

Access

This script is available under invite-only access.
To request access, use the link provided in our Signature below this publication.

Note: This is a technical analysis tool designed to study price structure and movement. It does not constitute investment advice or imply guaranteed outcomes.

Indicator published by PipGuard.