OPEN-SOURCE SCRIPT
Vortex Pivot Indicator

Vortex Pivot Points Indicator (VPS)
Buy when most traders give up. Exit when price resets.
What is this indicator about?
This is a swing trading indicator designed to help you enter when most traders are stuck in losses — and exit when price bounces back.
It works by combining weekly Pivot Points with a smart filter using moving averages.
The system waits until all the right conditions are met — and only then, if price touches the S3 support level, it's a buy signal. You then exit when price reaches the Pivot Point from that same setup week.
Psychology Behind the Setup: The whole idea is based on trader positioning and market psychology.
We use two moving averages:
1) The 50-day moving average reflects the mid-term traders average buy price.
2) The 20-day moving average reflects the short-term traders average buy price.
3) When the 50-day is at the top, followed by the 20-day, and the price is below both, it means:
i) Most Mid-term traders are in loss
ii) Most Short-term traders are also in loss
The market is in a deep pessimistic phase
This is the moment when weak hands give up — and smart swing traders can step in.
Our exit happens at the Pivot Point from the same week as the S3 entry — keeping the trade clean and focused on that specific setup.
🛠 How to Use This Indicator
This indicator automatically checks all conditions and shows the S3 and Pivot Point only when everything aligns. That means fewer signals — but higher quality.
⚙️ Must-Use Settings:
Check “Lower time frame for condition” ✅
Lower Time Frame: 1 Day
Pivot Type: Fibonacci
Pivot Time Frame: Weekly
Number of Pivots Back: 200
Color Settings: Customize as per your style
- Use daily candlestick chart
📈 Strategy Logic
Buy when price touches the S3 line and all moving average conditions are met (sometimes indicator might glitch and you will have to check if SMA conditions are being met at the time of buying yourself, happens 1% of the time)
You can average based on your own understanding
Exit when price hits the Pivot Point from the same week as the S3 entry
No stop loss — stay patient as long as it takes (since we use this only on quality stocks)
Sometimes the bounce is quick. Other times it might take a few weeks. Either way, we wait until price resets.
✅ Summary
You’re buying when others are losing.
You’re exiting when the dust settles.
Buy when most traders give up. Exit when price resets.
What is this indicator about?
This is a swing trading indicator designed to help you enter when most traders are stuck in losses — and exit when price bounces back.
It works by combining weekly Pivot Points with a smart filter using moving averages.
The system waits until all the right conditions are met — and only then, if price touches the S3 support level, it's a buy signal. You then exit when price reaches the Pivot Point from that same setup week.
Psychology Behind the Setup: The whole idea is based on trader positioning and market psychology.
We use two moving averages:
1) The 50-day moving average reflects the mid-term traders average buy price.
2) The 20-day moving average reflects the short-term traders average buy price.
3) When the 50-day is at the top, followed by the 20-day, and the price is below both, it means:
i) Most Mid-term traders are in loss
ii) Most Short-term traders are also in loss
The market is in a deep pessimistic phase
This is the moment when weak hands give up — and smart swing traders can step in.
Our exit happens at the Pivot Point from the same week as the S3 entry — keeping the trade clean and focused on that specific setup.
🛠 How to Use This Indicator
This indicator automatically checks all conditions and shows the S3 and Pivot Point only when everything aligns. That means fewer signals — but higher quality.
⚙️ Must-Use Settings:
Check “Lower time frame for condition” ✅
Lower Time Frame: 1 Day
Pivot Type: Fibonacci
Pivot Time Frame: Weekly
Number of Pivots Back: 200
Color Settings: Customize as per your style
- Use daily candlestick chart
📈 Strategy Logic
Buy when price touches the S3 line and all moving average conditions are met (sometimes indicator might glitch and you will have to check if SMA conditions are being met at the time of buying yourself, happens 1% of the time)
You can average based on your own understanding
Exit when price hits the Pivot Point from the same week as the S3 entry
No stop loss — stay patient as long as it takes (since we use this only on quality stocks)
Sometimes the bounce is quick. Other times it might take a few weeks. Either way, we wait until price resets.
✅ Summary
You’re buying when others are losing.
You’re exiting when the dust settles.
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。