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Quick-tip 74 | Finding the highest pivot on a chart

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Quicktip 74 demonstrates a TradeStation EasyLanguage show-me study that finds the highest pivot on a chart. The quicktip analyses each bar to check whether it is a high pivot and then checks whether this newly found pivot price is higher than the highest pivot price found so far. This value is plotted each bar.

Quicktip 74 is related to tutorial 182 except that it looks for highest pivot on the chart. Tutorial 182 calculates the pivot with the highest value WITHIN a user input number of bars of the current bar (user input: LookbackBars). (N.B. This is different from finding the highest pivot value on the chart.) Each time a pivot is found it is plotted. In tutorial 182 the bar number and the price level are stored in a dictionary.

Compatibility

This Quick-tip was developed in TradeStation version 10.0. It also works in MultiCharts.
Quick-tip 71 applied to a chart
Quick-tip 71 applied to a chart

Video explanation of quick-tip 71

Copy the quick-tip 74 TradeStation EasyLanguage code for Gold Pass members

If you are a Gold Pass member you can copy the tutorial code below, please make sure that you are logged in with your Gold Pass user name and password.

This content is for members only.

THE TRADING APPS, INDICATORS, SHOW ME STUDIES, STRATEGIES AND OTHER PROGRAMS HAVE BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES. TO THE BEST OF MARKPLEX CORPORATION’S KNOWLEDGE, ALL OF THE INFORMATION ON THIS PAGE IS CORRECT, AND IT IS PROVIDED IN THE HOPE THAT IT WILL BE USEFUL. HOWEVER, MARKPLEX CORPORATION ASSUMES NO LIABILITY FOR ANY DAMAGES, DIRECT OR OTHERWISE, RESULTING FROM THE USE OF THIS INFORMATION AND/OR PROGRAM(S) DESCRIBED, AND NO WARRANTY IS MADE REGARDING ITS ACCURACY OR COMPLETENESS. USE OF THIS INFORMATION AND/OR PROGRAMS DESCRIBED IS AT YOUR OWN RISK. ANY EASYLANGUAGE OR POWERLANGUAGE TRADING STRATEGIES, TRADING APPS, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (AND PARTS THEREOF) AND ASSOCIATED TECHNIQUES REFERRED TO, INCLUDED IN OR ATTACHED TO THIS TUTORIAL OR PROGRAM DESCRIPTION ARE EXAMPLES ONLY, AND HAVE BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES. MARKPLEX CORPORATION. DOES NOT RECOMMEND THAT YOU USE ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (OR ANY PARTS THEREOF) OR TECHNIQUES. THE USE OF ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS AND TECHNIQUES DOES NOT GUARANTEE THAT YOU WILL MAKE PROFITS, INCREASE PROFITS, OR MINIMIZE LOSSES.