The support and resistance methodology remain the most used one in technical analysis, this is mainly due to its simplicity, and unlike lots of techniques used in technical analysis support and resistances have a certain logic, price can sometimes appear moving into a channel, support and resistances allow the trader to estimate such channel and...
Who wouldn't like to be able to tell when the market actually reverses instead of just faking it? Every trader who has tried pivothigh/pivotlow functions for that, surely bumped into so many meaningless reversal signals, that probably got discouraged with this concept entirely.
Yet, pivot points are very important. Only they need to be confirmed at least a little...
This indicator shows fractals in different timeframes. With the possibility of coloring the bars with any combination of current, daily, weekly and monthly timeframes.
The return points are calculated as follows:
high > last 3 highs and close above highest low
low < last 3 lows and closes below lowest high
The direction of higher timeframes fractals tend to be...
Add alerts to renko charts to be notified when:
direction change up
direction change down
Also shows pivots based on brick reversals. Alerts also available for:
pivot high breakout
pivot low breakout
You can hide the plots for pivot high/low and breakouts in the style tab of the...
This script is an adaption of an FXCM indicator called Pivots Cloud
Takes in input two timeframes, build the pivots based on them and fill the space between those pivots
Should be non-repainting
Famous Filtered Pivots Indicator -Many TimeFrames Available
***Special Thanks to TheLark...AKA...The Coding Genius For Providing His Expertise...
***New Feature - Ability to turn On/Off Pivot Moving Average
***New Feature - Ability to turn On/Off Filtered Pivots (Explained Below)
Available Timeframes (Change In Inputs...
Pivot points simply took the high, low, and closing price from the previous period and
divided by 3 to find the pivot. From this pivot, traders would then base their
calculations for three support, and three resistance levels. The calculation for the most
basic flavor of pivot points, known as ‘floor-trader pivots’, along with their support and
Custom Pivots Indicator - Plots Yearly, Quarterly, Monthly, Weekly, and Daily Levels.
I created this indicator because when you have multiple Pivots on one chart (For Example The Monthly, Weekly, And Daily Pivots), the only way to know exactly what pivot level your looking at is to color ALL S1 Pivots the same color, but create the plot types to look different. ...
This is a MACD divergence on 3 time-frames, 1h, 4h and 1D.
Please insert the indicator into a 1h chart, otherwise change the lengths' inputs.
you will see H1,H2, H3, R1, R2 and R3 in green and maroon colors.
H means hidden divergence, 1 regards to 1h, 2 to 4h, and 3 to 1D. If the color is green, its bullish, and if its maroon the divergence is bearish.
Created a universal script for pivot points alerts.
In the script, you can choose one of 4 pivot point types: Traditional, Fibonacci, Woodie, and Camarilla.
You are able to create separate alerts for every level or create one for price crossing any level.
For separate levels, you can choose: "Cross", "Crossover" and "Crossunder".
You can also choose to...
Primarily for equities as no provision has been made to control the timing at which the open close high low are determined, indeed, I see no straightforward mechanism to do so in Pinescript.
Development aided by: but with the entirely different calculations presented in "Secrets of a Pivot Boss" by Franklin Ochoa. And...