Pivot Breakout with Trend Zones

Overview
Pivot Breakout with Trend Zones is a technical analysis indicator that identifies key pivot points and trend direction through dynamic candle coloring. It helps traders visualize breakouts and ongoing trends in real-time.

Key Features
🔍 Pivot Point Detection

Automatically identifies significant high and low pivot points

Customizable left/right bar parameters for sensitivity adjustment

Displays pivot levels as cross-style lines with offset positioning

🎨 Smart Candle Coloring

White candles: Breakout above pivot high (bullish signal)

Black candles: Breakout below pivot low (bearish signal)

Teal candles: Uptrend continuation

Coral Red candles: Downtrend continuation

Optional color fill toggle for customization

📊 Trend Identification

Automatically tracks trend direction after breakouts

Maintains trend state until opposite breakout occurs

Clear visual distinction between breakout and trend-following phases

Input Parameters
Pivot Settings

Left Bars (High/Low): Number of bars to the left of pivot

Right Bars (High/Low): Number of bars to the right of pivot

Display Options

Enable Candle Color Fill: Toggle color visualization on/off

Line Offset: Adjust pivot line positioning (-50 to 0 bars)

How It Works
Pivot Calculation: Uses TradingView's built-in pivothigh() and pivotlow() functions to detect significant turning points

Breakout Detection: Monitors when price closes beyond pivot levels, triggering trend changes

Trend Management: Once a breakout occurs, the indicator maintains the trend direction until a counter-breakout signals reversal

Visual Feedback: Provides immediate color-coded feedback for quick market analysis

Use Cases
Swing Trading: Identify entry points at pivot breakouts

Trend Following: Stay in trades during trend continuation phases

Market Structure: Visualize support/resistance levels and trend changes

Risk Management: Use pivot levels for stop-loss placement

Ideal For
Traders looking for clear visual trend identification

Technical analysts monitoring breakout opportunities

Anyone seeking to combine pivot analysis with trend following strategies

This indicator provides a clean, intuitive way to spot trend changes and follow market momentum with immediate visual feedback through candle coloring.