OPEN-SOURCE SCRIPT
Elite 30 Min Pivot - by TenAM Trader.

🔍 How It Works
Trend Detection:
A trend is defined when a configurable number (default: 3) of same-colored candles (green or red) appear in a row.
The pivot is marked by the first opposite-color candle after the trend.
Signal Logic:
After the pivot forms, the script watches the next few candles (default: 2) for a breakout or close beyond the pivot high/low.
A BUY signal is triggered when price breaks/closes above a pivot high from a downtrend.
A SELL signal is triggered when price breaks/closes below a pivot low from an uptrend.
Entry & Risk Tools:
Optional features include:
Pivot Line – dashed level showing pivot entry point.
Stop Loss Line – opposite side of the pivot candle.
Labels – toggle labels for clarity on entry and risk.
Time Filter – exclude signals during specific hours (e.g. 11 AM–2 PM) to avoid lunchtime chop.
Alerts:
Enable alerts for automated notifications when buy or sell conditions are met.
⚙️ Customizable Settings
Consecutive candles required before pivot
Max bars allowed after pivot for signal
Signal trigger: Break or Close
Toggle visibility of pivot lines, stop loss, and labels
Set excluded time blocks
Enable/disable real-time alerts
✅ Use Case Example
If you set trend length to 3 and signal trigger to “Break,” the script will look for 3 consecutive red candles, then a green candle (pivot). If price breaks above the pivot high within the next 2 candles, a Buy signal will fire.
⚠️ Legal Note
This script is provided for educational and informational purposes only and does not constitute financial advice. Always do your own research before making trading decisions. Use at your own risk.
Trend Detection:
A trend is defined when a configurable number (default: 3) of same-colored candles (green or red) appear in a row.
The pivot is marked by the first opposite-color candle after the trend.
Signal Logic:
After the pivot forms, the script watches the next few candles (default: 2) for a breakout or close beyond the pivot high/low.
A BUY signal is triggered when price breaks/closes above a pivot high from a downtrend.
A SELL signal is triggered when price breaks/closes below a pivot low from an uptrend.
Entry & Risk Tools:
Optional features include:
Pivot Line – dashed level showing pivot entry point.
Stop Loss Line – opposite side of the pivot candle.
Labels – toggle labels for clarity on entry and risk.
Time Filter – exclude signals during specific hours (e.g. 11 AM–2 PM) to avoid lunchtime chop.
Alerts:
Enable alerts for automated notifications when buy or sell conditions are met.
⚙️ Customizable Settings
Consecutive candles required before pivot
Max bars allowed after pivot for signal
Signal trigger: Break or Close
Toggle visibility of pivot lines, stop loss, and labels
Set excluded time blocks
Enable/disable real-time alerts
✅ Use Case Example
If you set trend length to 3 and signal trigger to “Break,” the script will look for 3 consecutive red candles, then a green candle (pivot). If price breaks above the pivot high within the next 2 candles, a Buy signal will fire.
⚠️ Legal Note
This script is provided for educational and informational purposes only and does not constitute financial advice. Always do your own research before making trading decisions. Use at your own risk.
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。