pivothigh

Parameters

Pivot High - pivothigh(source, leftbars, rightbars)

Detects local peaks where source is higher than both surrounding bars.

• source (field): Data series (commonly high)
• leftbars (int): Bars before pivot that must be lower
• rightbars (int): Bars after pivot that must be lower

Formula

Returns source value when:
  source > all leftbars preceding values
  AND source > all rightbars following values
Otherwise returns NULL

Examples

// detect swing high with 2-bar confirmation
pivothigh(high, 2, 2) != null;

// swing high above 200 (resistance breakout)
x = pivothigh(high, 5, 5); x > 200;

// any detected swing high on close
pivothigh(close, 3, 3) != null;

Returns

Source value at pivot or NULL. Most bars return NULL.

See Also