Fibo Pivot Point Copyright by HPotter v1.0 07/05/2021
Fibo Pivot Points
Added change TF for calculate.
Original version:by BhavikBhavsar
枢轴点
[Lixx] MESA(EMA/SMA) and ROC(ROC/MESA) Take Profit TriggersThis script uses the MESA EMA and SMA as well as the ROC/MESA cross to help find the take profit areas when trading divergences using market cipher or wavetrend. It is inspired by jordanfungs MESA indicator, however this one is different because it is not lagging in the signals.
Hope you enjoy it, and make sure to backtest any strategy before you use it.
EmperorBTC's VWAP IndicatorThis indicator was created after EmperorBTC's conditions. Conditions displayed below:
Good timeframes for it: 30', 15', 5'
To convert from strategy to study switch the commented lines in the beginning and at the end of the script
What this indicator does is:
1) Check if Pivot Point was crossed
2) Stoch-RSI and VWAP were crossed up in current or previous candle
3) Candle (or previous candle) is green
Then, it will plot a Long opportunity.
FUTURE IDEAS:
- Volume Expansion
- Candle Stick patterns
EMA SMA 100 CrossThis script utilizes the 100 EMA and the 100 SMA with printing labels for "Buy", "Short", and "Take Profit".
Essentially this indicator will print a "Buy" label when the 100 EMA(green line) is above the 100 SMA(red line) and "Take Profit" at the pivot points.
NOTE: There will be instances where the labels print based on coded criteria but will be false compared to trend. This is because the 100 EMA and SMA crosses can be short periods and reversals can happen frequently. This indicator should be used in conjunction with other indicators to help build a case for potential long or short entries.
Pivot Point CandlesIndicator that highlights Hammer, Inverted Hammer, Engulfing, and Harami candlestick patterns. Great for those looking for a quick way to show the most popular reversal patterns on the charts.
Options will allow you to select to show Hammers, Engulfing or Harami patterns only. You choose the combinations that you want. Great tool to learn and training your eyes to the patterns.
You also have an option to select "Super" versions of the Engulfing and the Harami patterns, the Supers only shows if the pattern engulfs the body and the wick of the smaller candle in the pattern.
The indicator will show Bullish opportunities and Bearish opportunities on the chart for each of the patterns. The inverted hammer will show at the top indicating a Bear move, and the Hammer will show below price indicating a Bullish move.
Use this indicator in conjunction with other Support & Resistance such as the simple moving averages, trend lines, flat lines, or even Bollinger bands. When these patterns show at or around these points on the chart they will indicate a reversal is pending. Wait for the next candle as confirmation that the move will actually take place in the direction indicated and you will have your pivot point on the chart and create a higher probability of success. Leverage Stochastic, RSI, or CCI indicators to help confirm the reversal as well. Look out for resistance above or support below to determine your targets for the reversal.
Happy trading!
Session Breaks by KrisWatersThis indicator draw vertical lines on session break dates. There are 1H, 4H, D, W, M, 3M, 12M options. You can change line colors and style as you wish.
If you are using this indicator please drop me comment and like also.
Fibonacci Extension / Retracement / Pivot Points by DGTFɪʙᴏɴᴀᴄᴄɪ Exᴛᴇɴᴛɪᴏɴ / Rᴇᴛʀᴀᴄᴍᴇɴᴛ / Pɪᴠᴏᴛ Pᴏɪɴᴛꜱ
This study combines various Fibonacci concepts into one, and some basic volume and volatility indications
█ Pɪᴠᴏᴛ Pᴏɪɴᴛꜱ — is a technical indicator that is used to determine the levels at which price may face support or resistance. The Pivot Points indicator consists of a pivot point (PP) level and several support (S) and resistance (R) levels. PP, resistance and support values are calculated in different ways, depending on the type of the indicator, this study implements Fibonacci Pivot Points
The indicator resolution is set by the input of the Pivot Points TF (Timeframe). If the Pivot Points TF is set to AUTO (the default value), then the increased resolution is determined by the following algorithm:
for intraday resolutions up to and including 5 min, 4HOURS (4H) is used
for intraday resolutions more than 5 min and up to and including 45 min, DAY (1D) is used
for intraday resolutions more than 45 min and up to and including 4 hour, WEEK (1W) is used
for daily resolutions MONTH is used (1M)
for weekly resolutions, 3-MONTH (3M) is used
for monthly resolutions, 12-MONTH (12M) is used
If the Pivot Points TF is set to User Defined, users may choose any higher timeframe of their preference
█ Fɪʙ Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛ — Fibonacci retracements is a popular instrument used by technical analysts to determine support and resistance areas. In technical analysis, this tool is created by taking two extreme points (usually a peak and a trough) on the chart and dividing the vertical distance by the key Fibonacci coefficients equal to 23.6%, 38.2%, 50%, 61.8%, and 100%. This study implements an automated method of identifying the pivot lows/highs and automatically draws horizontal lines that are used to determine possible support and resistance levels
█ Fɪʙᴏɴᴀᴄᴄɪ Exᴛᴇɴꜱɪᴏɴꜱ — Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel AFTER a retracement/pullback is finished. Extension levels are also possible areas where the price may reverse. This study implements an automated method of identifying the pivot lows/highs and automatically draws horizontal lines that are used to determine possible support and resistance levels.
IMPORTANT NOTE: Fibonacci extensions option may require to do further adjustment of the study parameters for proper usage. Extensions are aimed to be used when a trend is present and they aim to measure how far a price may travel AFTER a retracement/pullback. I will strongly suggest users of this study to check the education post for further details, where to use extensions and where to use retracements
Important input options for both Fibonacci Extensions and Retracements
Deviation, is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to become a new pivot. Increasing its value is one way to get higher timeframe Fib Retracement Levels
Depth, affects the minimum number of bars that will be taken into account when building
█ Volume / Volatility Add-Ons
High Volatile Bar Indication
Volume Spike Bar Indication
Volume Weighted Colored Bars
This study benefits from build-in auto fib retracement tv study and modifications applied to get extentions and also to fit this combo
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Auto Fib Speed Resistance Fans by DGTFibonacci Speed and Resistance Fan is an analytical drawing tool used to indicate the support and resistance levels of an existing trend and the price level at which possible changes in the trend may occur.
A Fibonacci Speed Resistance Fan consists of a trend line drawn between two extreme points - a trough and opposing peak or a peak and opposing trough - on which a set of sequential speed resistance lines are drawn above (which represents time) and below (which represents price). These lines are drawn based on time/price percentages of the distance between the beginning and the end of the trend line.
Speed resistance lines not only help to measure trend corrections but also measure the speed of a trend (the rate at which a trendline ascends or descends)
Traders can use the lines of the Fibonacci Speed and Resistance Fan to predict key points of resistance or support, at which they might expect price trends to reverse. Once a trader identifies patterns within a chart, they can use those patterns to predict future price movements and future levels of support and resistance. Traders use the predictions to time their trades. Key support and resistance levels tend to occur frequently at the 61.8-percent level on both uptrends and downtrends.
Please check for further details in the education post that I will share shortly after this publication :
Nobody appears to know whether Fibonacci tools work because markets exhibit some form of natural pattern or because many investors use Fibonacci ratios to predict price movements, making them a self-fulfilling prophecy.
█ Study OPTIONS
Auto Fibonacci Speed and Resistance Fan , the main aim of the study
- Pivot threshold can be adjusted via “Deviation” and “Depth” input options
- Historical Fans option will allow plotting of Speed and Resistance Fans on previous pivot high/lows
- Ability to set ALERTs for the Speed and Resistance Levels
- Price Grid Lines if extended it will result with Fib Retracement levels
- All lines, line levels are customizable, default values are set exactly to the same with the available Fib Speed and Resistance Fan drawing tool
Zig Zag – Derived from build-in Auto Fib Retracement with some customization options.
Example Usages :
Disclaimer :
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
NSDT Pivot Points PlusThis script uses the Traditional Pivot Points but includes the price levels and the 50% line between levels. We added the ability to change the line color of the major levels and the minor levels independently, for better clarity. Added alerts - used code from QuantNomad.
Pivot Points description from TradingView default indicator:
Pivot Point analysis is a technique of determining key levels that price may react to. Pivot points tend to function as support or resistance and can be turning points. This technique is commonly used by day traders, though the concepts are valid on various timeframes. There are several methods of identifying the exact points. Common types of pivot points are Traditional, Fibonacci, Woodie, Classic, Camarilla and DM and each type has its own calculation method.
Most use a variation of significant prices such as established highs, lows, opening and closing prices and then apply a calculation to determine these points. They all calculate additional support and resistance levels alongside the pivot points. They can be used to determine when to enter or exit trades or to determine the range of a market. Conservative traders look for additional confirmation before entering a trade. Whether pivot points are used alone or in combination with other techniques, they are a useful tool in a technical trader's toolbox.
Auto Pitchfork, Fib Retracement and Zig Zag by DGTPitchfork is a technical indicator for a quick and easy way for traders to identify possible levels of support and resistance of an asset's price. It is presents and based on the idea that the market is geometric and cyclical in nature
Developed by Alan Andrews, so sometimes called Andrews’ Pitchfork
It is created by placing three points at the end of previous trends
Schiff and Modified Pitchfork is a technical analysis tool derived from Andrews' Pitchfork
In general, traders will purchase the asset when the price falls near the support of either the center trendline or the lowest trendline. Conversely, they'll sell the asset when it approaches the resistance of either the center line or the highest trendline.
█ Study OPTIONS
Auto Pitchfork , the main aim of the study
Pivots threshold can be customized by “Deviation” and “Depth” input options
Pitchfork Type selection, available options Andrews' Pitchfork (Original), Schiff and Modified Pitchfork
Ability to set ALERTs for the Pitchfork Levels
Ability to add customized levels (all level lines customizable)
Auto Fib Retracement – This is the build-in study of TradingView, slight changes applied to fit with Auto Pitchfork
Zig Zag – Derived from build-in Auto Fib Retracement with some customization options.
█ Usage Tips :
Andrews' Pitchfork (Original) best fit in a Strong Trending Market
Schiff and Modified Pitchfork better with Correcting or Sideways Market. Modified Pitchfork is almost identical to a Parallel Chanel
Disclaimer :
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
NSDT Pivot ZonesThis is a new take on Traditional Pivot Points. By modifying the calculations, we were able to create "pivot zones" with a decent degree of accuracy.
VWAP Alerts V3VWAP Alerts signal over bought/over sold conditions, relative to volume weighted average price, while deviation bands plot an extremely accurate point of mean reversion.
VWAP Alerts V3 includes multiple timeframe selection, along with multiplier input for deviation band setting
Alerts can be set for each individual band, for extreme oversold/overbought conditions, use "Vwap Low Deviation 4" and "Vwap High Deviation 4".
Alerts can also be set for VWAP bounces, by simply setting "VWAP Alert"
Parallel Pivot Lines [LuxAlgo]Displays lines connecting past pivot high/low points with each line having the slope of a linear regression. This slope can also be controlled by the user with the 'Slope' setting. Each line can be used as a support or resistance by the user.
Settings
Length : Pivot length. Use higher values for having lines connected to more significant pivots points.
Lookback : Number of lines connecting a pivot high/low to display, with a total of lines equal to Lookback*2
Slope : Allows the user to multiply the linear regression slope by a number within -1 and 1
Limitations
The script has currently several real time behavior limitations. Lines are displayed retrospectively and will not update with the arrival of new bars. Readjusting the indicator to newer pivots will require the user to either hide/unhide the indicator or change its settings.
High Length or Lookback values might not return any lines if the location of a pivot point is outside the defined buffer size of the indicator (set as 5000 bars).
How To Use
The indicator can be used to get supports and resistances and is more so closer to a drawing tool due to its limitations. The lines not updating with the arrival of new bars have the advantage of providing fixed supports/resistances.
The Slope setting allows the user to control the angle and direction of the lines. Using a Slope of 1 will return lines with the same slope as the one of a linear regression fit from the farthest pivot point displayed by the indicator to the most recent bar.
The chart above shows the indicators and a linear regression in orange.
If you want to have horizontal lines, use a Slope equal to 0.
Finally using a negative slope value will allow the user to have lines in opposite directions to the main trend.
Conclusion
We hope you like this indicator (drawing tool) and find it useful for drawing your support & resistances in a unique way!
High_Low level plots for yesterday, pre market , regular, and AHthis study will plot yesterdays, high and low price, pre market's high and low price, regular day's high and low price and post markets high and low price.
Higher Order PivotsFirst order pivot points are defined as 3 or 5 bar "V" shaped patterns. For example a high with a lower high either side of the peak and in the case of the 5 bar variant with lower highs adjacent to a high below the peak.
Second order pivot points are defined by three first order pivots in the same manner. For example a peak pivot high with a lower pivot high to either side.
Third order pivots follow the same pattern, a peak second order pivot high with two adjacent second order pivot highs.
As it can take a significant and variable amount of time before higher order pivots are confirmed, it is generally inadvisable to use higher order pivots for live trading!
However they can be used for historical analysis. For example to delineate market structure of major market inflections.
For example :
Delineating market structure using 2nd order pivots derived from 3 bar, 1st order pivots
Major market inflections from 3rd order pivots derived from 5 bar, 1st order pivots
Days Colorized (31 day / weekdays / weekends)Very Simple study script to colorize every day of the month a unique color, with stripes on Saturday and Sunday, and small text at the top to note the current day of the week. Currently set to GMT-7, feel free to change it to your own time zone. Thanks to all the pine coders out there for the inspiration and massive thanks to the open-source community for all the things I learn from playing with your scripts.
Daily Pivot (Fibonacci)Hello All
-
This is Daily Pivot (Fibonacci).
Simple and very useful tool for traders.
Show R5 to S5 levels.
.
Feel free to comment.
Thank you.
[SK] Fibonacci Auto Trend ScouterThe FATS - Fibonacci Auto Trend Scouter automatically draws active trends from 2 different timeframes along with Fibonacci Support and Resistance levels. It also has a Sights feature for each timeframe which points from it's middle towards the current price. The tool is also highly customizable for you to take this indicator over 9000. If you like the tool and it adds value to you - share the love on the like button and visit my profile to check out my other indicators and subscribe, so you're notified of my next scripts and ideas!
Automatic Trend Lines
The indicator takes in 2 timeframes to detect High and Low values from which to draw the trend lines of each timeframe.
As the values change with price movement, the lines are updated. They are color coded for uptrend and downtrend based on the direction of each individual line. Trend lines can be set up to color with only the default value on the configurations panel.
- Toggle on/off Color Coded
- Change Default, Uptrend, Downtrend color
- Change Line Width
- Change Line Style
- Toggle on/off Line Extensions
- Change Extended Line Width
- Change Extended Line Style
- Toggle On/Off labels for 7 data points of each timeframe
Automatic Trend Sights
This is a neat feature that may help you get a better feel for the direction the current movement is heading towards in correlation with the short or medium length timeframe trends. The sight draws a line from the middle vertical point of the trend coordinates towards the current price. They are toggled off by default but can be enabled in the configurations panel.
- Toggle on/off sight on each timeframe
- Change Width
- Change Line Style
Automatic Fibonacci Levels
The tool has a very useful feature to automatically detect the highest and lowest value from the short timeframe to calculate Fibonacci support and resistant levels. To keep the chart area clean, the lines are drawn short by default towards the right side of the price but provide inputs to increase the size of the level lines towards the left and right direction. A triangle label appears to the side of each line which holds the Fibonacci level and price data inside the tooltip, hover over them to activate.
- Toggle on/off color coded
- Change Default, Resistance, Support colors
- Change line size towards the left and right side
- Change line width
- Change Resistance line style
- Change Support line style
- Toggle on/off High and Low source line
- Toggle on/off High and Low source labels
Example - HTF Values Without 'Security()'This is an example of how to reference higher timeframe data without the
need for a 'security()' call.
I have attempted to create the function example:
f_insecurity()
with the purpose of wrapping up and pumping out all common relevent HTF
price data that's needed for your everyday indicators in a reliable fashion.
Gunzo Market SRGunzo Market SR is a set of 3 tools combined for trend analysis on day trading strategy.
VWAP (Volume Weighted Average Price) :
The VWAP indicator is generally used for trend analysis. For example if the VWAP line is under the closing price for a long period of time, the trend is strong. In this script, the VWAP has been optimized for day trading as the indicator is calculated inside the daily range, and resets when a new day starts. This way the indicator reflects the daily trend and not the overall trend. You can also use the position of closing price according to the VWAP to find optimal entry points according to the indicator.
Highs / Lows :
The Highs / Lows are generally used for trend analysis too. The High / Lows are mainly used to identify prices that have been key during the past and that we can use as an indication for the following candles. In this script, the Highs / Lows are computed on the daily period and then displayed on the current period (recommended to use on a daily period or lower). This way the indicator reflects the highest point and the lowest point of the day (can be modified to have a longer range of pivot days even if I recommend to stay on 1 day for day trading).
Support / Resistance :
The Support / Resistance is generally used for trend analysis too. The Support / Resistance are found by searching local high and lows. The longer the supports and resistance are, the strongest it can be considered. In this script, the Highs / Lows are computed by default on a lower time frame (usually 3-4 times lower). For example on a 15 minute graph, the Highs / Lows will be computed on the 5 minute graph (can be modified if the displayed result is not optimized for your asset).
How to use this set of tools :
I personally recommend to use this tool at the start of your day of trading. This way you will get a clear vision of the daily situation and try to identify key prices and the trend for the current day. I then suggest to set up an alert on the key price to be notified when you're getting close to it.
Strongholds - Objective & Accurate Reference Points / StructuresVery early in my trading career, I came across Pivot Points only to find out that there are as many calculations as one pleases. It was hard to find out which ones work. Most of them probably did only out of randomness, so I ditched the strategy and looked for something else.
I previously used my Oracle Eye and Reference Points scripts but it is time for an upgrade.
Stronghold is a script I have used for quite some time now. I ditched daily and weekly closing prices as not that important. Instead, Strongholds are equipped with:
►Daily High & Low • Azure color
►Weekly High & Low • Dark blue
►Weekly old High & Low • Semi-transparent dark circles
►Monthly High & Low • Wizardly purple
There is an option to print:
►4h High & Low • Semi-transparent red
►VWAP • Lovely purple
►Weekly VWAP • Black
All of the levels and lines are set for 1m, 5m, 10m, 15m, 30m, 1h, 4h, 1D timeframes. If you use any alien timeframe, you may need to enter the code.
You can opt-in and out for certain timeframes. For example, daily levels are visible from 15m or 30, so the indicator won't draw them unless you want to. However, they will not be seen on higher timeframes as there is no reason to show them and oversaturate the chart with lines.
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Remember that if you use this script with auto-scale, you need to tick Scale Price Chart Only . Otherwise, your chart will fly to the moon!
Good luck & have fun!
Pivot reverseВозвраты к средней пивот по фьючам по статистике с конца 2011 года:
Ri 72% возвращаются к зеленому в первый день, 14% еще в течение следующих трех;
Si 69% и 14%;
Br 72% и 14%
Gd 73% и 13%.
Whole NumbersThis is a simple indicator for the whole numbers.
It breaks down every pair for 10 pips.
Its also simple and nice to use