Flat Tops & Botttoms
The provided Pine Script code is an indicator script designed to identify and display flat tops and bottoms on a price chart.
Inputs:
Calculations:
Alerts:
Script allows to set alerts when flat tops or bottoms occur
Inputs:
- showFlatTops (boolean): Determines whether to display flat tops.
- showFlatBottoms (boolean): Determines whether to display flat bottoms.
- enableAlerts (boolean): Enables or disables alerts for flat tops and bottoms.
Calculations:
- Flat Top: if the current bar's high is equal to the open price. A downward-pointing triangle shape is plotted above the bar.
- Flat Bottom: if the current bar's low is equal to the open price. An upward-pointing triangle shape is plotted above the bar.
Alerts:
Script allows to set alerts when flat tops or bottoms occur
Versionsinformation:
Add Margin of Error
Versionsinformation:
Fixed Default Margin of Error + Added back perfect Top/Bottom Detection