Hi Traders. This is my first attempt of writing an indicator. Let me start by saying I could never have done this without lmatl and WMX_Q_System_Trading who were and are an incredible source of inspiration. This indicator shows horizontal Pivot Support and Resistance . It draws up to 4 horizontal lines extending to the right from and adds labels to High and Low...
Are you all-in using Floor Trader Pivots for your day trading career and want even MORE levels for the most unusual market circumstances? Well, this add-on should cover even the wildest of days. TradingView has a limit of only showing the published indicator in the screen capture, so here is the above BTCUSD Trading Day with my Levels 4-6 add-on included. Send...
Standard Traditional Pivot Points are calculated from the previous day (or another period) close/low/high. But what is the day close for cryptocurrencies trading 24/7 on exchange? Does it make sense to use a specific time price as a close if it continue trading after that? So I decided to solve that issue with Rolling Traditional Pivot Points where I calculate...
Pivot Reversal Study script, for generating Alerts and visual plotting of Pivot Reversal lines on the charts. Use a Strategy script (like Figs & Dates), for backtesting different settings on various time frames and charts.
Standard Fibonacci Pivot Points are calculated from the previous day (or another period) close/low/high. But what is the day close for cryptocurrencies trading 24/7 on exchange? Does it make sense to use a specific time price as a close if it continue trading after that? So I decided to solve that issue with Rolling Fibonacci Pivot Points where I calculate pivot...
This pivot takes in the previous day's pivots and projects them to today.
This is study with alerts for my "Smoothed Pivot Reversal Strategy". Strategy script is open to the public so you can use it freely. When creating alerts - choose "Once Per Bar Close" It's a pro indicator, you can have access to it for a small fee. Link to my PRO indicators you can find in my signature.
With this strategy trying to rethink the standard pivot reversal strategy. Don't like the idea that for 10/10 pivot you have to wait for 10points to confirm it. So I used multiple pivot levels and calculated the average line. This way when we have a new high level approaching it smoothly. This way you can have a bit better price for entries but the risk of fake...
So, you've been using Floor Trader Pivots to great success, but sometimes an instrument just blasts through the 3rd level of support or resistance. What then? Well, that's where the 4th-6th levels come in. See above in an example from GBPUSD this week where something happened that made the currency pair surge through the 3rd level of resistance. Where did it go?...
Hello Traders, Another original idea is here with you. Actualy I can say that it's a breakout strategy that uses multiple Pivot Point's averages. How it works? - it finds the Pivot Points, you can set the length as you want - it gets averages of Pivot Highs and Pivot Lows, you can set the number of Pivot Points to be included - it compares the current closing...
I have included the main support and resistance pivot point levels for the Fibonacci Pivot Points. I changed the bar colors to reflect buy and sell points so if a bar is green then that means to buy it and if it is red then sell it Let me know if you would like to see me do any other indicators!
Hello All, This is backtesting result of following indicator/strategy. I didn't work on adding other indicators. maybe in the future I can try to combine this with other indicators. You can visit following link to see "Pivot Point SuperTrend" . by using this backtesting tool, you can test&find better options There is option "Use Center Line to Close Entry...
Hello All, There are many types of SuperTrend around. Recently I thought about a Supertrend based on Pivot Points then I wrote "Pivot Point SuperTrend" script. It looks it has better performance on keeping you in the trend more. The idea is behind this script is finding pivot point, calculating average of them and like in supertrend creating higher/lower...
The Central Pivot Range (CPR) is one of the most versatile price-based indicators available to traders. ... At any given time, the range can be support or resistance, it can forecast trending or sideways price behavior, dictate the day's direction, or serve as an integral part of a trend. Keep in mind that depending on the market’s behavior, the formula for TC...
The Pivot Reversal Study script uses pivot points to create a support and resistance level; based on this levels the script creates virtual stop-market orders to catch the trend if the price is crossing the pivot lines. A configurable trailing-stop and stop-loss is being used to exit an open position. The entry and exit points are visualized in the chart via...
The Pivot Reversal strategy script uses pivot points to create a support and resistance level; based on this levels the strategy creates virtual stop-market orders to catch the trend if the price is crossing the pivot lines. A configurable trailing-stop and stop-loss is being used to exit an open position. How to use The strategy works with all timeframes; the...
Continue looking for more signifcant pivot points. This script is based on my "Significant Pivot Reversal Strategy". In this strategy I use concept of pivot of pivot points. So for PoP I require that pivot highs point should have 2 lower pivot highs points around them and pivot low 2 higher pivot lows points. Transparent lines represent usual pivot levels...
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...