This indicator contains two simple moving averages that is calculated from the pivot point rather than the closing price. This indicator is described in detail in chapter 6 of the book Candlestick and Pivot Point Trading Triggers: Setups for Stock, Forex, and Futures Markets by John L. Person.
Tried to create a script for Swing Failure / Stop Run patterns. It is based on my QuantNomad - "Significant Pivot Reversal" Indicator. It's quite tricky to code these kinds of patterns, so it's really not ideal. I alert when a candle cross pivot level but close below (above for bottom) it and previous close was below (above) it as well. You can setup params for...
Purpose: Fibonacci Pivot levels + Gann levels calculation and display on Chart automatically. Mainly expected to use these for intraday trading on NIFTY and BankNifty Display R1/R2/R3 - Pivot - S1/S2/S3 levels Also display GANN Levels of 720- / 540- / 360- / 270-/ 180- / 90- / 45- 45+ / 90+ / 180+ / 270+ / 360+ /540+ /720 + Same pivot levels are useful...
Pivot High/Low for multi timeframes. Could be great entry filter to include multi time frame pivots in trend trading strategies.
Before starting special thanks to @QuantNomad for his script "Ultimate Pivot Point Alerts" Link : - Please follow and support him for his work. In this script I'm modifying how time frame factor is imported into the script and removing other types of Pivots and cleaning it...
A pivot point indicator that has possibility to see even the monthly or the weekly pivot points . Pivot points are very powerful if used in correct way. most of the time the price can be rejected from the pivot point or if the price break it it will be a nice entry if retest the pivot R2/S2 are a very strong pivots to break but of course you need a certain...
This script can be used with candlesticks, accompanied with " RSI + Divergences" The calculation is different than my "Divergences (Pivots)" Thank you!
Tested with EURUSD on 5M time frame this strategy leverages the same simplified strategy setup.
Draws horizontal segments where the last Monthly, Weekly, Daily and Hourly closes are. Easily identify current price relative position to these key prices. I use it as a kind of pivot points and help me with trend following entries: longs if up from last close, shorts if down from last close. Monthly: red line (MMMMM) Weekly: orange line (WWWWW) Daily: yellow...
Plots the standard deviation resistance/support levels. Input the previous settlement price and the implied volatility. credit to u/UberBotMan and u/Living_Granger for the idea and formulas (preview example is using settlement of 2420 and IV of 11)
Normaly Pivot is calculate from the last candle. Future Pivot is calculate from the running candle. The Future Pivot Indicator is usefull at the end of a period (11pm, Sundays, and end of the month) Have Fun Please do not Copy&Paste, use this Link Have Fun
Daily, Weekly, Monthly and yearly pivot lines Just the pivot lines without the support and resistance lines
Hello traders, 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 Best Dave
Hello, beginner in trading here. Use this at your own risk. Commission : 0.05% Time Unit : 5 min Backtest range : 15 days (looking like that is the maximum in 5 min UT) Initial capital : 1000€ How it works : Long entries and exits. That's all, no pyramiding, no shorting. It takes the first buy signal (green triangle) and the first sell signal (yellow...
Hello Traders, First all of thanks to LonesomeTheBlue for making me grasp arrays, a wonderful addition to Pine Script. This indicator uses arrays to find Pivot Points and mark them as Support / Resistance. It displays an info panel with the latest values. This code was written using the following standards: • PineCoders Coding Conventions for Pine:...