Tried to create a script for Swing Failure / Stop Run patterns. It is based on my QuantNomad - "Significant Pivot Reversal" Indicator.
It's quite tricky to code these kinds of patterns, so it's really not ideal. I alert when a candle cross pivot level but close below (above for bottom) it and previous close was below (above) it as well.
You can setup params for...
![SPX: Significant PP - Swing Failure / Stop Run Alerts [QN]](https://s3.tradingview.com/l/lhcwuRuB_mid.png "Significant PP - Swing Failure / Stop Run Alerts [QN]")
