pivotlow

Detects pivot low (local trough) points in a data series

pivotlow(source, leftbars, rightbars)

Parameters

Name Type Description
source field Data series (commonly low)
leftbars int Bars before pivot that must be higher
rightbars int Bars after pivot that must be higher

Formula

pivotlow = source[rightbars] when it is below all leftbars preceding and rightbars following values, else NULL

Examples

// detect swing low with 2-bar confirmation
pivotlow(low, 2, 2) != null;
// swing low below 50 (support test)
x = pivotlow(low, 5, 5); x < 50;
// any detected swing low on close
pivotlow(close, 3, 3) != null;

Returns

field — may be NULL

Range

leftbars and rightbars each must be 1-400, and their sum must not exceed 400

Notes

Most bars return NULL -- only a confirmed local trough yields a value

See Also

pivothigh