The Next Pivot [Kioseff Trading]


This script "The Next Pivot" uses various similarity measures to compare historical price sequences to the current price sequence!


  • Find the most similar price sequence up to 100 bars from the current bar
  • Forecast price path up to 250 bars
  • Forecast ZigZag up to 250 bars
  • Spearmen
  • Pearson
  • Absolute Difference
  • Cosine Similarity
  • Mean Squared Error
  • Kendall
  • Forecasted linear regression channel

The image above shows/explains some of the indicator's capabilities!

The image above highlights the projected zig zag (pivots) pattern!

Colors are customizable (:

Additionally, you can plot a forecasted LinReg channel.

Should load times permit it, the script can search all bar history for a correlating sequence. This won't always be possible, contingent on the forecast length, correlation length, and the number of bars on the chart.

Reasonable Assessment

The script uses various similarity measures to find the "most similar" price sequence to what's currently happening. Once found, the subsequent price move (to the most similar sequence) is recorded and projected forward.


1: Script finds most similar price sequence
2: Script takes what happened after and projects forward

While this may be useful, the projection is simply the reaction to a possible one-off "similarity" to what's currently happening. Random fluctuations are likely and, if occurring, similarities between the current price sequence and the "most similar" sequence are plausibly coincidental.

That said, if you have any ideas on cool features to add please let me know!

Thank you (:

•Access to Next-Gen Optimization Tools:

•Access to Proprietary Data:

•Discord Server:

本着真正的TradingView精神,该脚本的作者将其开源发布,以便交易者可以理解和验证它。为作者喝彩!您可以免费使用它,但在出版物中重复使用此代码受网站规则的约束。 您可以收藏它以在图表上使用。