OPEN-SOURCE SCRIPT

Ultimate Pivot Points & Technical Analysis

### Ultimate Pivot Points & Technical Analysis

A comprehensive multi-strategy technical analysis tool that combines pivot point analysis with advanced indicators to identify key price levels and market conditions.

#### Overview
This indicator integrates pivot points with popular technical analysis tools including Moving Averages, Bollinger Bands, MACD, and RSI. It automatically detects and draws support/resistance levels based on pivot points, while providing additional confirmation signals through multiple technical indicators.

#### Key Features

• Dynamic Pivot Point Detection
- Automated high/low pivot identification
- Volume and ATR filtering capabilities
- Customizable pivot lookback period
- Adjustable line extension and appearance

• Technical Analysis Integration
- Dual EMA system (8 & 21 defaults for scalping/intraday)
- Bollinger Bands with customizable parameters
- MACD crossover signals
- RSI overbought/oversold levels

• Pattern Recognition System
- Multiple candlestick pattern detection
- Auto-labeling of detected patterns
- Pattern confirmation with technical indicators

• Advanced Visualization
- Fibonacci retracement levels
- Customizable line styles and colors
- Multiple label display options
- Information-rich tooltips

#### Inputs/Parameters

• General Settings
- Pivot Length: Analysis window for pivot detection (2-20)
- Line Length: Extension of drawn lines (10-500)
- Maximum Lines: Number of levels displayed per side (1-50)

• Filter Settings
- Volume Filter: Optional volume confirmation
- ATR Filter: Volatility-based filtering
- Custom multipliers for both filters

• Technical Indicators
- Moving Averages: Periods, colors, and width
- Bollinger Bands: Period, multiplier, and visibility
- MACD: Fast, slow, and signal periods
- RSI: Period and threshold levels

#### Usage Notes

1. Configuration Tips:
- Start with default settings for initial analysis
- Adjust pivot length based on your timeframe
- Use filters for higher-quality signals
- Customize line appearance for better visibility

2. Signal Interpretation:
- Strong levels: Multiple indicators align
- Pattern confirmation: Check technical indicators
- Trend direction: Use MA crossovers
- Volatility: Monitor BB width

3. Best Practices:
- Use on multiple timeframes for confirmation
- Combine with volume analysis
- Monitor pattern formations at key levels
- Use alerts for real-time notifications

#### Alerts

Built-in alerts for:
- Pivot points formation
- MA crossovers
- BB breakouts
- RSI threshold crosses
- MACD signal line crosses
- Pattern completions

#### Version Notes
v1.0 - Initial release
• Full technical indicator suite
• Pattern recognition system
• Multiple visualization options

#### Disclaimer
This technical indicator is for information purposes only. Always combine with other analysis methods and proper risk management.
Candlestick analysispivotstrategyscalpingvolumeanalysisVolumeWave Analysis

開源腳本

在真正的TradingView精神中,這個腳本的作者以開源的方式發佈,這樣交易員可以理解和驗證它。請向作者致敬!您可以免費使用它,但在出版物中再次使用這段程式碼將受到網站規則的約束。 您可以收藏它以在圖表上使用。

想在圖表上使用此腳本?

免責聲明