Pivot-Based Trend Labels [BETA]

kemarin

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.

kemarin

Catatan Rilis

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.