Low at prev high

[David]

How would I write a script to use in a watchlist that would
alert me for when the condition happens of a low pivot
finding support at the most recent high pivot, like in the
attached screenshot?  I am using the Percent Swing Chart
Overlay to get the pivots.

[Matthew]

Hi,

Swings can use offsets to find previous swing top / bottom values.  You could use something like this to find the setup:

P1 = PERCENTSWING(); (P1 IsUp) and (SWINGSTART(P1) >= SWINGSTART(P1, OFFSET=3) * 0.98)

1 2 3 4

P1 = PERCENTSWING(); (P1 IsUp) and (SWINGSTART(P1) >= SWINGSTART(P1, OFFSET=3) * 0.98)

You can adjust the range being considered (2% band up and down used here).

DXS:ASX is an example of a code that passed today, which looks similar to your 5min setup.

[David]

Thanks, Matthew.

[Author]

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