OPEN-SOURCE SCRIPT

Posty Pivots

已更新

Indicator plots anticipated support/resistance areas based on prior day price action and includes breakout/breakdown targets.
This work is an original interpretation of Camarilla Pivots as well as the techniques taught by Pivot Boss.
As with everything context along with price action is crucial when trading potential reversal zones.
This indicator is used for intraday trading.

發行說明

Cosmetic update for Today Only mode, for cleaner look.

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Added an option to show price with decimals in Labels. Please use the dropdown menu in Settings to turn it on.

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New features:

Option to calculate Daily, Weekly, and Monthly pivots
Lower order Camarilla levels
Central Pivot Range

█PLEASE NOTE:

Levels are plotted on intraday charts only. Choose less than 1 day resolution on your chart to see the levels.
Levels are not calculated as designed if applied to non-standard types of charts (Heikin Ashi, Renko, etc.). Use standard candlestick charts to avoid any issues.
Levels are updated once at the beginning of the trading day/week/month, depending on the Timeframe of your choice.

█HOW-TO

MAIN LEVELS
Bullish/Bearish Reversal Zones - zones where a reversal might occur.
Bull/Bear Last Stand - a breakout might happen, if breached.
Bullish/Bearish Target 1 and 2 - targets in case of breakout.

OPTIONAL LEVELS (enabled in Settings)
Lower order Camarillas - R1, R2, S1, S2 are optional and represent the additional micro-levels between reversal zones. Better used on higher timeframes or in choppy conditions, if used at all.
Central Pivot Range - value of adding Central Pivot Range into this indicator is to provide the option to calculate weekly and monthly Central Pivot.

TIMEFRAME FOR LEVELS (changed in Settings)
By default levels are calculated on prior day data (timeframe for levels: “D”), but can be changed to “W” (weekly levels) or “M” (monthly levels). It is suggested to monitor all 3 timeframes (D/W/M) for confluence and greater results. Higher timeframe produces stronger signals. Weekly and Monthly pivots might be used for swings.

Happy Trading!

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For weekend chartists: a new option to plot the next period levels (please choose "Next period levels" in Settings)
Added D, W, M prefix to the label

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In case of futures specific contract, calculate pivots based on a continuous contract - improves weekly and monthly values after a contract roll.

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Quarterly and yearly pivots have been added

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Higher timeframe pivots are now available for higher resolution charts. For example: weekly, monthly, 3M, 12M pivots are visible on daily chart.
Center line for Posty Pivots has been added as an option and can be activated in Settings.
Price decimals on labels are enabled by default now.

發行說明

Added High and Low of the period of reference (check ‘Posty Pivots H/L/C’ in Settings). ‘Center Line’ was appropriately renamed to ‘Close’.
Introduced custom color management. See the 'Colors' group of parameters in Settings.
Option to round the price in labels was deprecated and removed.

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Bugfix for the issue where vertical borders of the painted zones were covering the last candle's wick.

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Bugfix for the bugfix 🤦

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Added an option to use Last Traded Price instead of Settlement for pivot calculations on futures. By default it is Settlement. Tick the checkbox in Settings to use Last Traded Price.

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Bug fix for the issue where data could be fetched for the same symbol from different exchange.

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Merry Christmas, Happy Hanukkah, and a Happy New Year!

Code updated to Pine Script v6.
Added alerts for reaching Reversal zones.
'Bull' and 'Bear' in labels can now be replaced with emojis - use the checkbox in Settings.
The beginning of reversal zone is now thick line by default as it has more significance than the end of the zone.

發行說明

Added two more alerts on the events of Bull Last Stand and Bear Last Stand breakout.