// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/ // © HoanGhetti //@version=5 indicator("Pivot Trendlines with Breaks [HG]", overlay = true, max_lines_count = 500) import HoanGhetti/SimpleTrendlines/4 as tl input_len = input.int(defval = 20, title = 'Pivot Length', minval = 1) input_pivotType = input.string(defval = 'Normal', title = 'Pivot Type', options = ['Normal', 'Fast'], tooltip = 'Normal: Uses Pine\'s built-in pivot system.\n\nFast: Uses a custom pivot system that tracks every reversal.') input_repaint = input.bool(defval = true, title = 'Repainting', tooltip = 'If disabled, it will wait for bar confirmation to avoid printing false alerts.') input_targets = input.bool(defval = false, title = 'Target Levels') input_bearC = input.color(defval = color.red, title = 'Bear Breakout', group = 'Styling') input_bullC = input.color(defval = color.green, title = 'Bull Breakout', group = 'Styling') input_extend = input.string(defval = extend.none, title = 'Extend', options = [extend.none, extend.right, extend.left, extend.both], group = 'Styling') input_style = input.string(defval = line.style_dotted, title = 'Trendline Style', options = [line.style_dotted, line.style_dashed, line.style_solid], group = 'Styling') input_tstyle = input.string(defval = line.style_dashed, title = 'Target Style', options = [line.style_dotted, line.style_dashed, line.style_solid], group = 'Styling') input_override = input.bool(defval = false, title = 'Override Source', group = 'Override', tooltip = 'Overriding the source will allow the script to create trendlines on any specified source.') input_useSrc = input.bool(defval = true, title = 'Use Source for Cross Detection', group = 'Override', tooltip = 'Instead of checking if the close value crossed trendline, check for the specified source.') input_source = input.source(defval = low, title = 'Source', group = 'Override') pl = fixnan(ta.pivotlow(input_override ? input_source : low, input_pivotType == 'Normal' ? input_len : 1, input_len)) ph = fixnan(ta.pivothigh(input_override ? input_source : high, input_pivotType == 'Normal' ? input_len : 1, input_len)) pivot(float pType) => pivot = pType == pl ? pl : ph xAxis = ta.valuewhen(ta.change(pivot), bar_index, 0) - ta.valuewhen(ta.change(pivot), bar_index, 1) prevPivot = ta.valuewhen(ta.change(pivot), pivot, 1) pivotCond = ta.change(pivot) and (pType == pl ? pivot > prevPivot : pivot < prevPivot) pData = tl.new(x_axis = xAxis, offset = input_len, strictMode = true, strictType = pType == pl ? 0 : 1) pData.drawLine(pivotCond, prevPivot, pivot, input_override ? input_source : na) pData breakout(tl.Trendline this, float pType) => var bool hasCrossed = false if ta.change(this.lines.startline.get_y1()) hasCrossed := false this.drawTrendline(not hasCrossed) confirmation = not hasCrossed and (input_repaint ? not hasCrossed : barstate.isconfirmed) if (pType == pl ? (input_override and input_useSrc ? input_source : close) < this.lines.trendline.get_y2() : (input_override and input_useSrc ? input_source : close) > this.lines.trendline.get_y2()) and confirmation hasCrossed := true this.lines.startline.set_xy2(this.lines.trendline.get_x2(), this.lines.trendline.get_y2()) this.lines.trendline.set_xy2(na, na) this.lines.startline.copy() hasCrossed plData = pivot(pl) phData = pivot(ph) style(tl.Trendline this, color col) => this.lines.startline.set_color(col), this.lines.trendline.set_color(col) this.lines.startline.set_width(2), this.lines.trendline.set_width(2) this.lines.trendline.set_style(input_style), this.lines.trendline.set_extend(input_extend) style(plData, input_bearC), style(phData, input_bullC) cu = breakout(plData, pl) co = breakout(phData, ph) plotshape(ta.change(cu) and cu ? plData.lines.startline.get_y2() : na, title = 'Bearish Breakout', style = shape.labeldown, color = input_bearC, textcolor = color.white, location = location.absolute, text = 'Br') plotshape(ta.change(co) and co ? phData.lines.startline.get_y2() : na, title = 'Bullish Breakout', style = shape.labelup, color = input_bullC, textcolor = color.white, location = location.absolute, text = 'Br') alertcondition(ta.change(cu) and cu, 'Bearish Breakout') alertcondition(ta.change(co) and co, 'Bullish Breakout') // Target Levels [v4 Update] phData_target = tl.new(phData.values.changeInX) plData_target = tl.new(plData.values.changeInX) phData_target.drawLine(ta.change(phData.values.y1) and input_targets, phData.values.y2, phData.values.y2) plData_target.drawLine(ta.change(plData.values.y1) and input_targets, plData.values.y2, plData.values.y2) target_style(tl.Trendline this, color col) => this.lines.startline.set_style(input_tstyle) this.lines.trendline.set_style(input_tstyle) this.lines.startline.set_color(col) this.lines.trendline.set_color(col) target_style(plData_target, input_bearC) target_style(phData_target, input_bullC) breakout(phData_target, ph) breakout(plData_target, pl)