Pivot High/Low Fractals — Market Structure Drop
# Pivot High/Low Fractals — Market Structure Drop
Structure is the alphabet of price action — until you can name your swing highs and lows, every chart is a blur. This drop locks in confirmed pivots with Williams-style fractals, classifies each one as a Higher High, Higher Low, Lower High, or Lower Low, and gives you a clean read on whether the trend is still intact or starting to break.
## What it does
- Detects confirmed pivot highs and lows using a configurable left/right lookback (Williams Fractals method)
- Auto-labels each pivot as HH, HL, LH, or LL by comparing to the most recent same-type pivot
- Drops a colored circle at every confirmed pivot bar so the structure is unmissable at a glance
- Uses Pine's `offset` and `label.new` with `bar_index - rightBars` so dots and labels land on the true pivot bar
- Built-in `alertcondition` hooks for every new pivot and every HH / LL — ready to wire into TradingView alerts
## Recommended settings
- Left bars: **5**
- Right bars: **5**
- Show pivot dots: **on**
- Show HH/HL/LH/LL labels: **on**
## Ideal timeframe
Works on any timeframe — use 1m/5m for intraday structure, 1h/4h for swing, and Daily for the bigger map. Smaller left/right values (2-3) make it more sensitive; larger values (8-13) filter for major swings only.
## How to use
A clean uptrend is a sequence of HH and HL labels; a clean downtrend is LH and LL. The moment that sequence breaks — first LH inside an uptrend, first HH inside a downtrend — that's your earliest signal of a possible regime change. Use the labels as a structural backbone for entries, stop placement (just past the last opposite-side pivot), and invalidation. Remember pivots are confirmed `rightBars` after the fact, so don't expect real-time tops or bottoms — this is a structure framework, not a turning-point oracle.
## Pine Script v5 code
```
//@version=5
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// │ MarketFragments.com | DNA & Market │
// │ info@marketfragments.com │
// │ www.marketfragments.com │
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// Pivot High/Low Fractals — MarketFragments free drop
// Williams Fractals style swing detection with HH/HL/LH/LL classification.
// Pivots are confirmed rightBars after the actual swing bar; dots and
// labels are placed at the true pivot bar via `offset` / `bar_index - rightBars`.
// Free for non-commercial use. Attribution appreciated.
indicator("MF Pivot High/Low Fractals", overlay=true, max_labels_count=500)
leftBars = input.int(5, "Left Bars", minval=1)
rightBars = input.int(5, "Right Bars", minval=1)
showDots = input.bool(true, "Show Pivot Dots")
showLabels = input.bool(true, "Show HH/HL/LH/LL Labels")
// --- Pivot detection (returns the pivot price on the confirmation bar) ---
phVal = ta.pivothigh(high, leftBars, rightBars)
plVal = ta.pivotlow(low, leftBars, rightBars)
// --- Track last + previous pivot highs / lows ---
var float lastPH = na
var float prevPH = na
var float lastPL = na
var float prevPL = na
if not na(phVal)
prevPH := lastPH
lastPH := phVal
if not na(plVal)
prevPL := lastPL
lastPL := plVal
// --- Classify ---
isHH = not na(phVal) and not na(prevPH) and phVal > prevPH
isLH = not na(phVal) and not na(prevPH) and phVal <= prevPH
isHL = not na(plVal) and not na(prevPL) and plVal > prevPL
isLL = not na(plVal) and not na(prevPL) and plVal <= prevPL
// --- Dots plotted at the true pivot bar via offset = -rightBars ---
plot(showDots ? phVal : na, title="Pivot High Dot", color=color.red,
linewidth=3, style=plot.style_circles, offset=-rightBars)
plot(showDots ? plVal : na, title="Pivot Low Dot", color=color.green,
linewidth=3, style=plot.style_circles, offset=-rightBars)
// --- HH/HL/LH/LL labels placed at the true pivot bar ---
if showLabels and isHH
label.new(bar_index - rightBars, phVal, "HH", color=color.new(color.green, 0),
textcolor=color.white, style=label.style_label_down, size=size.small)
if showLabels and isLH
label.new(bar_index - rightBars, phVal, "LH", color=color.new(color.red, 0),
textcolor=color.white, style=label.style_label_down, size=size.small)
if showLabels and isHL
label.new(bar_index - rightBars, plVal, "HL", color=color.new(color.green, 0),
textcolor=color.white, style=label.style_label_up, size=size.small)
if showLabels and isLL
label.new(bar_index - rightBars, plVal, "LL", color=color.new(color.red, 0),
textcolor=color.white, style=label.style_label_up, size=size.small)
// --- Alerts ---
alertcondition(not na(phVal), title="MF Pivot High", message="MF Pivot High confirmed")
alertcondition(not na(plVal), title="MF Pivot Low", message="MF Pivot Low confirmed")
alertcondition(isHH, title="MF Higher High", message="MF Higher High")
alertcondition(isLL, title="MF Lower Low", message="MF Lower Low")
```
Drop your tweaks, screenshots, and questions below — that's how the library gets better.