OPEN-SOURCE SCRIPT

Pivotes 5x5 Alcistas y Bajistas (funcional)

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Description v1.0
This indicator identifies advanced pivot points based on a symmetrical candle analysis. It evaluates a window of 11 candles (5 previous, 1 center, and 5 forward), marking a bullish pivot when the center candle's close is lower than all others in the window—suggesting a potential upward reversal. Conversely, it marks a bearish pivot when the center candle's close is higher than all surrounding candles, signaling a possible downward movement or trend shift. This method avoids common false signals by ensuring that pivots are significant relative to their context. It also includes filtering logic to prevent multiple nearby signals in congested market zones. Green upward-pointing triangles indicate potential buy zones, while red downward-pointing triangles mark potential sell or profit-taking areas. Due to the use of future candles for confirmation, signals are plotted with an automatic offset to align with the correct bar. This tool is ideal for traders seeking clean, price-action-based entries without relying on additional lagging indicators.

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