The code you quoted includes inputs, that you can change to whatever you like.
Code:
input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
This is the code I tried, I couldn't find the divergence of maximum and minimum points
# Divergence Pivots
# Mobius
# V03.05.2015 Upper Study
input n = 7;
input fastLength = 5;
input slowLength = 34;
#input MACDLength = 0;
input averageType = AverageType.SIMPLE;
def h = high;
def l = low;
def bar = barNumber();
def Diff = (Average(CLOSE, fastLength) - Average(CLOSE, slowLength));
def CurrMACDh = if Diff > 0
then fold i = 1 to n + 1
with p = 1
while p
do Diff > getValue(Diff, -i)
else 0;
def CurrMACDPivotH = if (bar > n and
Diff == highest(Diff, n) and
CurrMACDh)
then h
else double.NaN;
def CurrMACDl = if Diff < 0
then fold j = 1 to n + 1
with q = 1
while q
do Diff < getValue(Diff, -j)
else 0;
def CurrMACDPivotL = if (bar > n and
Diff == lowest(Diff, n) and
CurrMACDl)
then l
else double.NaN;
def CurrPHBar = if !isNaN(CurrMACDPivotH)
then bar
else CurrPHBar[1];
def CurrPLBar = if !isNaN(CurrMACDPivotL)
then bar
else CurrPLBar[1];
def PHpoint = if !isNaN(CurrMACDPivotH)
then CurrMACDPivotH
else PHpoint[1];
def priorPHBar = if PHpoint != PHpoint[1]
then CurrPHBar[1]
else priorPHBar[1];
def PLpoint = if !isNaN(CurrMACDPivotL)
then CurrMACDPivotL
else PLpoint[1];
def priorPLBar = if PLpoint != PLpoint[1]
then CurrPLBar[1]
else priorPLBar[1];
def HighPivots = bar >= highestAll(priorPHBar);
def LowPivots = bar >= highestAll(priorPLBar);
def pivotHigh = if HighPivots
then CurrMACDPivotH
else double.NaN;
plot PlotHline = pivotHigh;
PlotHline.enableApproximation();
PlotHline.SetDefaultColor(GetColor(7));
PlotHline.SetStyle(Curve.Short_DASH);
plot pivotLow = if LowPivots
then CurrMACDPivotL
else double.NaN;
pivotLow.enableApproximation();
pivotLow.SetDefaultColor(GetColor(7));
pivotLow.SetStyle(Curve.Short_DASH);
plot PivotDot = if !isNaN(pivotHigh)
then pivotHigh
else if !isNaN(pivotLow)
then pivotLow
else double.NaN;
pivotDot.SetDefaultColor(GetColor(7));
pivotDot.SetPaintingStrategy(PaintingStrategy.POINTS);
pivotDot.SetLineWeight(3);
# End Code Pivots with Projections
To determine if this indicator brings value, analyze it over different timeframes, across history and with multiple instruments. The only way you will know what works best for you is to play with the settings and see how the indicator lines up w/ your strategy and with your other indicators.
