Swing Points Alert

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Swing Points Alert with Adjustable Delay

Description:

This script is designed to detect and alert traders about significant swing highs and lows on the chart. The script is equipped with customizable pivot detection settings and an innovative **Alert Delay** mechanism, allowing users to fine-tune their notifications to reduce noise and focus on key price movements.


Key Features:
1. **Swing High/Low Detection:**
- Identifies swing highs and lows based on user-defined pivot length.
- Visualizes these points with customizable labels for clarity.

2. **Customizable Alerts:**
- Enables real-time alerts for swing highs and lows.
- Users can adjust the delay for alerts to avoid false signals during volatile periods.

3. **Dynamic Label Management:**
- Automatically manages the number of displayed swing point labels.
- Removes crossed or outdated labels based on user preferences.

4. **Flexible Label Styling:**
- Provides multiple label styles (e.g., triangles, circles, arrows) and color customization for both swing highs and lows.



How the Alert Delay Works:
The **Alert Delay** helps filter signals by introducing a delay before triggering alerts. The delay is calculated as follows:

**Alert Delay (%) x Time Frame = Alert Delay in Time Frame Units**

For example:
- If the **Alert Delay** is set to 30% and the timeframe is **15 minutes**, the alert will be triggered after a delay of:
\[
30\% \times 15 \text{ minutes} = 4.5 \text{ minutes}
\]
This ensures the alert is triggered only if the swing high/low condition remains valid for at least 4.5 minutes.



Important Notes:
1. **Timeframe Sensitivity:**
- This script is optimized for use across various timeframes, but users must adjust the **Alert Delay** percentage to match their trading style and timeframe.
- For example, higher timeframes may require lower delay percentages for timely alerts.

2. **Customization Options:**
- Easily customize pivot detection length, alert delay, label styles, and colors to suit your preferences.

3. **Support:**
- If you encounter any challenges or need help optimizing the script for your specific trading scenario, feel free to reach out for assistance.

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