QuickTip 74 | Finding the highest pivot on a chart | TradeStation EasyLanguage tutorials

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.

For more information about this quick-tip see: https://markplex.com/free-tutorials/tradestation-easylanguage-quicktips/quicktip-74-finding-the-highest-pivot-on-a-chart/

For more information about tutorial 182 see: https://markplex.com/tutorial-182-highest-pivot-within-user-input-number-of-bars/