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Pivotboss

CPR - Central Pivot Range (by Alex L.)CPR or Central Pivot Range is a tool for identifying a trend, its volatility and its future targets for the price levels (in up or down directions). What this indicator offers: - Main purpose of this indicator is to display levels of support/resistance in a given trend as potentially good levels of entering into position or existing from a position. Entry levels are RED, resistance levels are in GREEN. - You have the ability to view daily, weekly, monthly pivot levels, depending on what kind of trader you are. - Unique to this indicator - you have the ability to view YEARLY pivot levels. - Unique to this indicator - you have the "Pivots History" option to either show all history or just the recent piriod to make your chart clean of "noise". - Unique to this indicator - you can view "future" pivot levels based on current price. - You have the ability to view "future pivots" which can be useful as entry or exit levels for the current trend. - You have the ability to view one, two, three or four pivor levels concurrently depending on how much information you want on your chart. - You have the option to use "Compact View" to further reduce "noise" and make your chart event more clean. - Open source. Some guidelines: - When current Central Pivot Range is higher than previous Central Pivot Range then the stock is in an uptrend and vice versa. - Wide Central Pivot Range usually means the stock is in a "sideways trend" and volatility is low. - Tight Central Pivot Range usually means the stock has a very low volatility and is about to explode (up or down). Switching to a higher timeframe can often give hints to what direction the stock is likely to go. Default settings: - Pivot Levels : "Two Pivot Levels" - Filter/Hide Pivots: "Hide Pivot+BC+TC" - Pivots History: "Few Months Back" 'V' Show Monthly Pivots 'V' Show Future Pivots Calculations of pivot levels formula is according to book "Secrets of a Pivot Boss" by Franklin O. Ochoa. Quote from the book: "The way to make money is to make it. The way to make big money is to be right at exactly the right time." Open source. Enjoy!
Pine Script™指標
由synth0提供
[CP]Pivot Boss Multi Timeframe CPR Inception with MACD and EMAINTRODUCTION: This indicator combines multi-timeframe CPR bands with MACD Momentum and EMA trend, all projected on the candlestick chart through a novel visualization. If you have seen my other indicators on TradingView, you would know that I use floor pivots a lot and “Secrets of a Pivot Boss” is my favorite book. While using floor pivots, time and again I have noticed an interesting price behavior, Trending moves in price typically start from around the Central Pivot Range (CPR). The CPR could be from ANY timeframe. These moves can easily be caught using simple momentum and trend indicators like MACD and EMA crossovers. Yes, it is that simple. Follow along to understand how to use this indicator. INDICATOR SETTINGS: RANGEBOUND MACD AND EMA MARKINGS: TradingView limits the max number of labels that can be shown on a chart to 500. Therefore, if you go far back enough, you won't see any markings for the MACD or EMA setups. If you are looking to test the efficacy of this indicator in the past, change the start and end dates to your desired timeframe and then select the ‘Mark MACD and EMA Setups in Range?’ option. MULTI TIMEFRAME CENTRAL PIVOT RANGE: Here you can select CPRs and their bands from which timeframes are shown on the chart. I will share my favorite settings later in this description. CPR CONFIGURATION: Show CPR Labels: CPRs markings can carry labels, so that you don’t confuse between which line is what. Use this setting to toggle them On/Off. Show Next Time Period Pivots: Check this option if you want to see the CPR of the next time period. This is typically done to figure out the ’Two Day CPR Relationship’ . Read the book, “Secrets of a Pivot Boss”, to understand more. EMA TREND: Show EMA on the Chart: EMAs will be plotted on the chart. Standard stuff. Mark EMA Crossovers on Chart: EMA crossovers will be marked on the chart in diamond shapes. If you are using EMA crossovers, I recommend setting this option to True. Rest of the EMA settings are fairly obvious. MACD MOMENTUM: Projecting MACD parameters directly on the candlesticks is surely going to give you a new perspective about price action and MACD. Also, in order to better understand the MACD projections on the chart, you can add a standard MACD indicator on the chart with default settings to figure out what my indicator is actually showing you. Marking MACD Crossovers on Chart: Marks the MACD signal crossovers on the chart. This visualization was a game changer for me. Show MACD Histogram on Chart: Projects the complete MACD Histogram in a novel fashion (Try it!). You will be able to visually see the ebbs and flow of momentum in the charts. Mark MACD Histogram Peaks on Chart: Marks only the MACD peaks instead of the complete histogram. Peaks are a great way to enter an ongoing trend and to play an intraday rangebound market. Rest of the settings are just the standard settings that you will find in a typical MACD indicator. ALERTS: Not shown in the settings panel, but I have added alerts for EMA and MACD Crossovers so that you don’t have to sit in front of the charts or constantly check the price all day long. If you don’t know how to set alerts in TradingView, then please Google it. INDICATOR USAGE EXAMPLES: This indicator can be used in intraday as well as in higher timeframes. There are quite a few variations possible, I personally prefer to use the EMA crossovers in intraday (5m) and MACD on Daily timeframes. This is just a matter of personal preference, some people might prefer using EMAs only or MACD only in all timeframes. Here are my personal settings for the intraday 5-minute timeframe: Turn on all the CPR pivots starting from Yearly all the way to Daily. You can turn on 6 hourly and 4 hourly as well if you want. Hourly CPR is mostly used when the price is in a strong trend and you missed the entry and don’t know when to enter. Price will typically experience pullbacks towards the Hourly CPR, before resuming in the direction of the trend. That is your chance to hop onto the bandwagon. For Intraday, I keep the Bands off. Just a personal preference here. You can turn ON the Show CPR Labels , if you want. Turn ON both the options in the EMA TREND section. You would want to see the EMA crossovers marked on the chart as well as the EMAs themselves, as the distance between the two EMAs will give you an idea about the strength of the trend. Keep rest of the settings in the EMA section as default (you can change the colors if you wish). I keep the same EMAs as the ones kept in the MACD indicator. I like to keep things simple. In the MACD MOMENTUM section, turn ON Mark MACD Histogram Peaks on Chart and all the other options turned OFF. Leave the other settings as default. By the way, these are the default settings of the standard MACD Indicator. You can set up EMA Bullcross and Bearcross alarms if you like. Before checking out the examples, remember one super simple rule: SOME OF THE BEST TRENDING MOVES IN THE MARKET, BE IT INTRADAY OR OTHERWISE, ORIGINATE IN THE VICINITY OF A LARGER TIMEFRAME PIVOT/CPR. Look for price settling above/below a pivot, and then a move away from the pivot in any direction is typically a trending move. You can use hourly pivots or MACD Histogram peaks marked on the chart to enter an existing trend, or add to your positions. Let’s have a look at a few recent intraday examples from the Crypto, Indian, and US equity markets. I have added my comments in the charts to make you easily understand what is going on. Understand that both, moving average crossover and MACD, will give out a lot of signals (chop) every day. But almost 70% of them are going to be fake signals. It is the signals that you get when the price is near a Pivot, that tend to convert into gorgeous trending moves that last. BTC 5m Charts NIFTY Futures 5m Charts (good intraday trends are hard to find here, as the market is very efficient) TSLA 5m Charts Some important points for using this indicator in higher timeframes: For higher timeframes, my personal preference is to go with the MACD indicator. I personally find MACD to be lethal on daily and weekly timeframes, if you know how to use it well. The default settings of the indicator are the settings I use for both, Daily and Weekly, timeframes. Additionally, I turn off the CPR labels. In theory large trending moves still have a big probability to start near an important pivot level, however, in larger timeframes, trending moves can start from anywhere. They need not start in the vicinity of any important pivot (but they often do!). Weekly pivots can act as great pullback levels when the price is in strong momentum, when trading on the daily timeframe. Quarterly Pivots act as great pullback levels when the price is in strong momentum, when trading on the weekly timeframe. BTC Weekly Chart BTC Daily Chart Nifty Weekly Chart Nifty Daily Chart NASDAQ Weekly Chart NASDAQ Daily Chart FINAL WORDS: Please understand that I have Cherry Picked the examples to showcase the capability of the indicator and its usage. DO NOT conflate the accuracy of examples with the accuracy of this indicator. Biggest catch is the fact that this indicator, like every other indicator out there, will have whipsaws. Some I have also marked in the example charts. You need to come up with your own technique to avoid whipsaws, one technique I have shared here…… big moves typically start near pivots. Work on avoiding whipsaws and finding you own edge in the markets. If you really want to learn how to use Pivots, read the book ’Secrets of a Pivot Boss’ . This book can change your life.
Pine Script™指標
由pranjalchaubey提供
15
Central Pivot Ranges (CPR) & 3 x VWAP & BarcolorsThis Script Combines daily, weekly and monthly VWAP (Volume Weighted Average Price) with a intraday, daily, weekly and monthly CPR (Central Pivot Range) - which is considered by some traders as the bread and butter of the market for a reason. A combination of Multiple CPRs and VWAPs from different timeframes can provide you with interesting confluences that can give you more confidence in performing your trades. CPR Features: - The option to look at current or developing CPRs. - A resolution selector for all 4 CPRs - Options to hide and show Tops, Bottoms and Pivots separately - Various Styling options - Alerts VWAP Features: - 3 x preset VWAPs set to daily, weekly and monthly - VWAP Lines from the daily O&C or H&L - Previous VWAP for S/R - Line Styling options General Features: - Barcolors by pivots crossed or daily, weekly and monthly VWAP. - Barcolors by daily VWAP additionally contain an O and C check instead of just taking the price above or below the VWAP into consideration.
Pine Script™指標
由MartinWeb提供
18
[CP]Pivot Boss Floor Pivots with ATR Dilation and Dynamic LevelsINTRODUCTION: Compared to all the Pivot Indicators available on Trading View Public Library, this Floor Pivots Indicator differentiates itself in two major original ways: Dilates the Pivot Support/Resistance Levels into Support/Resistance Bands based on volatility Displays the S/R Levels Dynamically , that is, only those levels will be shown that are close enough to the price resulting in much cleaner looking charts. There were a few features whose logic I had figured out, but I could not implement them due Pine Script’s Limitation (they should really work on increasing Pine Script’s capacity instead of adding more and more features to the language in order to make it look ‘better’): Showing multiple timeframe pivots at the same time (not possible due to Pine Script’s limitation on the ‘Max Number of Outputs’ ) Automatic Detection of highly profitable Double Hot Pivot Zones (DPZ), also due to the ‘Max Number of Outputs’ limit GENERAL USER INPUTS: Most of the settings are self-explanatory, however, a few of them need some explanation: Show Floor Pivots Dynamically – This will turn ON the dynamic pivot levels, please note that this function will work ONLY IN INTRADAY timeframes. Dynamic Pivot ATR Period – Period over which the ATR value is calculated to show the pivots dynamically. ATR Threshold for Dynamic Floor Pivots – Simply put, the indicator will start displaying Pivot Levels if they fall within the 2*ATR distance (default value) of the price. You can increase this number if the volatility increases and vice-versa. Use ATR to Dilate Intraday Pivot Levels – This will turn ON Floor Pivot Dilation, turning pivot ‘lines’ into ‘bands’ . ATR Dilation Factor – This number decides the width of the Pivot bands. Larger this number, thicker the bands. Typically, high volatility stocks will require a higher number. ATR Period – Same as Dynamic Pivot ATR Period, but for Pivot Level Dilation. INDICATOR USAGE EXAMPLES: This indicator works great in conjunction with my Pivot Boss Candlestick Scanner indicator. There are a lot of optimizations I have done in the code, although it looks trivial at first glance, but it's fairly complex. Feel free to use it and modify it as you wish. Here are a few examples where the indicator has shown great entries and exits, with the default settings: NIFTY 5m Chart Reliance 5m Chart Tesla 5m Chart Bitcoin-USDT 15m Chart FINAL WORDS: Please understand that I have Cherry Picked the examples to showcase the capability of the indicator and its usage. DO NOT conflate the accuracy of examples with the accuracy of this indicator. Once you start using floor pivots, you will realize that a lot of days simply don’t give any high probability setups and you will simply sit out of the market and do nothing (which is a good thing). If you really want to learn how to use Pivots, read the book ’Secrets of a Pivot Boss’ . This book can change your life.
Pine Script™指標
由pranjalchaubey提供
60
Central Pivot Ranges & Pivot based BarcolorsThe Central Pivot Range derived from the pivot of a defined higher timeframe is the considered by some traders as the bread and butter levels of the market for a reason. A combination of 3 CPRs from different timeframes can provide you with some some more insight into the assets your analysing and might offers you some more confidence in performing your trades. This script also offers you an extensive amount of options like: - The option to look at current or developing CPRs. - A resolution selector - Options to hide and show Tops Bottoms and Pivots seperately - Color selectors depending on the close price up or down the pivots - And an option to colorize your candles by pivots crossed.
Pine Script™指標
由MartinWeb提供
6
[CP]Pivot Boss Candlestick Scanner - No Repainting This indicator is based on the high probability candlestick patterns described in the ’Secrets of a Pivot Boss’ book. The indicator does not suffer from repainting. I have kept this indicator open source, so that you can take this indicator and design a complete trading system around it. Although the patterns have some statistical edge in the markets, blindly using them as Buy/Sell Indicators will certainly result in a heavy loss. I like some of these setups more than others, and I have listed them in the order of my likeness. The first one I like the most, the last one, I like the least. The patterns are universal and work well in both intraday, daily and even larger timeframes. Signals in the example charts are manually marked by, Hammer - profitable short signal Rocket - profitable long signal X - unprofitable long or short signal GENERAL USER INPUTS: These settings exist as the indicator uses ‘Labels’ to mark the patterns and Pine Script limits a maximum of 500 labels on a chart. If you want to go back in the past and check how the indicator was doing, set the Start and End dates both and check the ’Use the date range above to mark the Candlestick Setups?’ option. EXTREME REVERSAL SETUP: This is by far my favorite setup in the lot. Classic Mean Reversion setup. The logic, as explained in the book, goes like this, 1. The first bar of the pattern is about two times larger than the average size of the candles in the lookback period. 2. The body of the first bar of the pattern should encompass more than 50 percent of the bar’s total range, but usually not more than 85 percent. 3. The second bar of the pattern opposes the first. The setup works extremely well in high beta stocks like Vedanta VEDL. Feel free to play with the settings in order to better align this pattern with your favorite stock. Check out the examples below, No indicator is perfect, failed patterns are marked with an X. OUTSIDE REVERSAL SETUP: My second favorite setup, it is quite good at catching intraday trends. Here’s the logic, 1. The engulfing bar of a bullish outside reversal setup has a low that is below the prior bar’s low and a close that is above the prior bar’s high. Reverse the conditions for bearish outside reversal. 2. The engulfing bar is usually 5 to 25 percent larger than the size of the average bar in the lookback period. Settings for this pattern simply reflect these conditions. Feel free to modify them as you wish. The pattern is pretty powerful and will sometimes help you catch literally all the highs and lows of the market, as shown in the examples of Vedanta VEDL and RELIANCE stocks below. As usual, this pattern is not PERFECT either. DOJI REVERSAL SETUP: Doji candles signify market indecision and this pattern tries to profit off these market conditions. Logic: 1. The open and close price of the doji should fall within 10 percent of each other, as measured by the total range of the candlestick. 2. For a bullish doji, the high of the doji candlestick should be below the ten-period simple moving average. Vice-versa for bearish. 3. For a bullish doji setup, one of the two bars following the doji must close above the high of the doji. Vice-versa for bearish. Feel free to modify the settings and optimize according to the stock you are trading. Don't optimize too much :) This pattern works brilliantly well on larger intraday timeframes, like 15m/30m/60m. This pattern also has a higher propensity to give false indications than the two described above. Doji reversal typically helps to catch larger trend reversals. Check out the examples below from RELIANCE and NIFTY charts, Note that the RELIANCE chart below is the same as shown for the Outside Reversal Setup above, notice the confluence of Outside Reversal and Doji Reversal on the 31st August. Confluence of patterns usually increases the probability of success. RELIANCE 15m Chart - Pattern can catch nice trends on higher timeframes NIFTY 15m Chart WICK REVERSAL SETUP: This pattern tries to capture candlesticks with large wick sizes, as they often indicate trend reversal when coupled with significant support and resistance levels. Logic: 1. The body is used to determine the size of the reversal wick. A wick that is between 2.5 to 3.5 times larger than the size of the body is ideal. 2. For a bullish reversal wick to exist, the close of the bar should fall within the top 35 percent of the overall range of the candle. 3. For a bearish reversal wick to exist, the close of the bar should fall within the bottom 35 percent of the overall range of the candle. This pattern must always be coupled with important support resistance levels, else there will be a lot of false signals. The chart below is the same NIFTY chart as above with the Wick Reversal candles marked as well. You can see that there are a lot of false signals, but the price also indicates ’pausing’ at important levels by printing a wick reversal setup. You can use this information to your advantage when riding a trend. FINAL WORDS: Settings for various patterns simply reflect the logic described. You will probably need to tweak and optimize the pattern settings for the stock that you are trading. Higher Beta/Higher Volatility stocks are a great choice for these patterns. Using these patterns at critical support and resistance levels will result in dramatically high accuracy. Be creative and try to develop a proper system around this indicator, with rules for position sizing, stop loss etc. You do not have to trade all the patterns. Even trading just one pattern with a proper system is good enough. DO NOT USE THIS INDICATOR AS A BUY/SELL SYSTEM, YOU WILL LOSE MONEY. Feel free to drop any feedback in the comments section below, or if you have any unique candlestick patterns that you would like me to code.
Pine Script™指標
由pranjalchaubey提供
27
PivotBoss Pivots & Camarilla - H,D,W, M timeframe & OHLC LabelsThis is the new pivotboss pivots calculations and also has Camarilla Pivots . User can define which time frame pivots they want to see starting from Hourly, Daily, weekly and monthly. Added labels for each levels. So that user can calculate potential profit targets. This script also includes Hourly and Daily OHLC with labels. Added Developing mid point of the current day. The script can calculate midpoint as and when new highs and lows are made through out the day Abbrevations used in this script yHI - Yesterday's session High dOP - Days open yCL - yesterday's session Close yLO - yesterday's session Low MP -- Developing midpoint of the day TC - Top channel P - Pivot Point BC - Bottom Channel R1 - R4 -- Resistance levels S1 - S4 -- Support Levels
Pine Script™指標
由Nanda86提供
41
PivotBoss TriggersI have collected the four PivotBoss indicators into one big indicator. Eventually I will delete the individual ones, since you can just turn off the ones you don't need in the style controller. Cheers. Wick Reversal When the market has been trending lower then suddenly forms a reversal wick candlestick , the likelihood of a reversal increases since buyers have finally begun to overwhelm the sellers. Selling pressure rules the decline, but responsive buyers entered the market due to perceived undervaluation. For the reversal wick to open near the high of the candle, sell off sharply intra-bar, and then rally back toward the open of the candle is bullish , as it signifies that the bears no longer have control since they were not able to extend the decline of the candle, or the trend. Instead, the bulls were able to rally price from the lows of the candle and close the bar near the top of its range, which is bullish - at least for one bar, which hadn't been the case during the bearish trend. Essentially, when a reversal wick forms at the extreme of a trend, the market is telling you that the trend either has stalled or is on the verge of a reversal. Remember, the market auctions higher in search of sellers, and lower in search of buyers. When the market over-extends itself in search of market participants, it will find itself out of value, which means responsive market participants will look to enter the market to push price back toward an area of perceived value. This will help price find a value area for two-sided trade to take place. When the market finds itself too far out of value, responsive market participants will sometimes enter the market with force, which aggressively pushes price in the opposite direction, essentially forming reversal wick candlesticks . This pattern is perhaps the most telling and common reversal setup, but requires steadfast confirmation in order to capitalize on its power. Understanding the psychology behind these formations and learning to identify them quickly will allow you to enter positions well ahead of the crowd, especially if you've spotted these patterns at potentially overvalued or undervalued areas. Fade (Extreme) Reversal The extreme reversal setup is a clever pattern that capitalizes on the ongoing psychological patterns of investors, traders, and institutions. Basically, the setup looks for an extreme pattern of selling pressure and then looks to fade this behavior to capture a bullish move higher (reverse for shorts). In essence, this setup is visually pointing out oversold and overbought scenarios that forces responsive buyers and sellers to come out of the dark and put their money to work-price has been over-extended and must be pushed back toward a fair area of value so two-sided trade can take place. This setup works because many normal investors, or casual traders, head for the exits once their trade begins to move sharply against them. When this happens, price becomes extremely overbought or oversold, creating value for responsive buyers and sellers. Therefore, savvy professionals will see that price is above or below value and will seize the opportunity. When the scared money is selling, the smart money begins to buy, and Vice versa. Look at it this way, when the market sells off sharply in one giant candlestick , traders that were short during the drop begin to cover their profitable positions by buying. Likewise, the traders that were on the sidelines during the sell-off now see value in lower prices and begin to buy, thus doubling up on the buying pressure. This helps to spark a sharp v-bottom reversal that pushes price in the opposite direction back toward fair value. Engulfing (Outside) Reversal The power behind this pattern lies in the psychology behind the traders involved in this setup. If you have ever participated in a breakout at support or resistance only to have the market reverse sharply against you, then you are familiar with the market dynamics of this setup. What exactly is going on at these levels? To understand this concept is to understand the outside reversal pattern. Basically, market participants are testing the waters above resistance or below support to make sure there is no new business to be done at these levels. When no initiative buyers or sellers participate in range extension, responsive participants have all the information they need to reverse price back toward a new area of perceived value. As you look at a bullish outside reversal pattern, you will notice that the current bar's low is lower than the prior bar's low. Essentially, the market is testing the waters below recently established lows to see if a downside follow-through will occur. When no additional selling pressure enters the market, the result is a flood of buying pressure that causes a springboard effect, thereby shooting price above the prior bar's highs and creating the beginning of a bullish advance. If you recall the child on the trampoline for a moment, you'll realize that the child had to force the bounce mat down before he could spring into the air. Also, remember Jennifer the cake baker? She initially pushed price to $20 per cake, which sent a flood of orders into her shop. The flood of buying pressure eventually sent the price of her cakes to $35 apiece. Basically, price had to test the $20 level before it could rise to $35. Let's analyze the outside reversal setup in a different light for a moment. One of the reasons I like this setup is because the two-bar pattern reduces into the wick reversal setup, which we covered earlier in the chapter. If you are not familiar with candlestick reduction, the idea is simple. You are taking the price data over two or more candlesticks and combining them to create a single candlestick . Therefore, you will be taking the open, high, low, and close prices of the bars in question to create a single composite candlestick . Doji Reversal The doji candlestick is the epitome of indecision. The pattern illustrates a virtual stalemate between buyers and sellers, which means the existing trend may be on the verge of a reversal. If buyers have been controlling a bullish advance over a period of time, you will typically see full-bodied candlesticks that personify the bullish nature of the move. However, if a doji candlestick suddenly appears, the indication is that buyers are suddenly not as confident in upside price potential as they once were. This is clearly a point of indecision, as buyers are no longer pushing price to higher valuation, and have allowed sellers to battle them to a draw-at least for this one candlestick . This leads to profit taking, as buyers begin to sell their profitable long positions, which is heightened by responsive sellers entering the market due to perceived overvaluation. This "double whammy" of selling pressure essentially pushes price lower, as responsive sellers take control of the market and push price back toward fair value.
Pine Script™指標
由ParCorn提供
7