indicator · on price · open source
Pivot Range
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About
Active pivot range — fills the area between the most recent confirmed swing high and swing low so the active trading range jumps off the chart.
- Range updates only when a new pivot prints.
- Reads as: light-blue box = current balance area, breaks above/below = trend signal.
Source code
//@version=5
indicator("Pivot Range", overlay=true)
swing = input.int(10, "Swing strength", minval=2, maxval=50)
ph = ta.pivothigh(high, swing, swing)
pl = ta.pivotlow(low, swing, swing)
lastPh = ta.valuewhen(not na(ph), ph, 0)
lastPl = ta.valuewhen(not na(pl), pl, 0)
p_RangeHigh = plot(lastPh, "RangeHigh", color=color.blue, style=plot.style_linebr)
p_RangeLow = plot(lastPl, "RangeLow", color=color.blue, style=plot.style_linebr)
fill(p_RangeHigh, p_RangeLow, color=color.new(color.blue, 90))
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