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Pivotsupport

Market Structure External/Internal with BOS/CHoCH/FTC [zazenio]You're staring at a chart trying to figure out one thing: which way is price going? You see a move up—is it a new trend or just a pullback? You spot what looks like a swing low, but is it real or will price slice right through it? And even if you get the direction right, where do you enter? This market structure indicator can help answer these questions. Market Structure 2.0 tracks swing points and tells you when they actually break—not when a wick pokes through, but when price closes beyond the level. That close is what matters. CHoCH (Change of Character) – Your signal that trend direction may be flipping. If price has been making lower lows then suddenly closes above a swing high, that's a CHoCH. Doesn't guarantee reversal, but the character of the move has shifted. BOS (Break of Structure) – Confirms trend continuation. In an uptrend, when price closes above the previous swing high, that's a BOS. Buyers are still in control. FTC (Failure to Close) – Price wicked beyond a pivot but couldn't close there. Someone defended that level. A warning sign that the move might stall or reverse. External vs Internal Structure External structure is your CTF (current timeframe) trend—the main swing points that define overall direction. Internal structure tracks price action forming within the current pivot range. It auto-resets each time external structure breaks, keeping your chart clean. External is more important for trend direction. Internal gives you insight into what's happening between those major swings—useful for timing entries on pullbacks. The BOS Counter A dashboard tracking consecutive BOS counts with color-coded trend state: Green – Trending bullish, price holding above CHoCH level Red – Trending bearish, price holding below CHoCH level Gray – Sideways/ranging, price has crossed back through CHoCH but no new break yet ** Gray means caution—what was trending is now in question. Premium & Discount Zones Zones based on the range between the most recent external swing high and low: Premium – Top 25%, look for shorts Discount – Bottom 25%, look for longs 50% line – Equilibrium ** Optional alerts when price enters either zone. What Makes This Different Most pivot indicators mark swings after a fixed bar count. This indicator only confirms a pivot when price breaks structure the other way. That swing low isn't real until price closes above the swing high. Until then, it shows faded—potential, not confirmed. Every element is fully customizable—colors, styles, labels, positioning. Make it fit your setup. ━━━━━━━━━━━━━━━━━━━━━━ Features v2.0 Automatic swing high and swing low detection Structure-based pivot confirmation (closes beyond level, not fixed lookback) Customizable pivot markers (style, size, colors) Adjustable swing width sensitivity Dual-layer analysis (External CTF trend + Internal structure within pivot range) BOS lines for trend continuation CHoCH lines for potential reversals FTC lines for failed breakouts / level rejections Fully customizable structure lines (colors, styles, widths, labels) Real-time BOS counter dashboard with trend state (trending vs sideways) Premium zone (upper 25% of range) Discount zone (lower 25% of range) 50% equilibrium line Zone entry alerts (Premium & Discount) Internal structure auto-resets on external breaks Provisional structure lines (live preview before bar close) Unconfirmed pivots displayed faded until validated ━━━━━━━━━━━━━━━━━━━━━━ Disclaimer : This script is provided for educational and informational purposes only. It is not financial advice and does not constitute a recommendation to buy or sell any financial instrument. Always do your own research and trade at your own risk.
Pine Script®指标
由zazenio提供
8
Pivot Levels [BigBeluga]🔵 OVERVIEW The Pivot Levels indicator automatically detects and draws key market pivot levels across multiple sensitivity settings. Each pivot level represents a significant local high or low in price structure, acting as potential zones of support and resistance. Traders can visualize short-, medium-, and long-term pivot layers simultaneously, helping to identify where price may react, reverse, or break out. 🔵 CONCEPTS Different pivot lengths provide multi-length sensitivity on the same timeframe — shorter lengths detect local micro-swings, while longer lengths capture broader swing structure within the current chart. ATR-based color logic marks active, bullish, or bearish pivot zones dynamically. Lines can extend to the right or both sides to track reactions over time. 🔵 FEATURES Detects up to four custom pivot levels simultaneously. Each pivot level has independent settings for length , style , and extension mode . Auto-colors each pivot as support (green), resistance (orange), or active zone (blue). Displays dual-width line layers: a solid base and a transparent overlay for visual depth. Dynamic price labels show exact pivot levels for clarity. Fully customizable line styles: dashed (--), solid (-), or dotted (..). Extends lines to the right for future reaction tracking or both directions for structure alignment. 🔵 HOW TO USE Enable or disable pivot levels (1–4) to control how many layers of structure you want visible. Use shorter pivot lengths for intraday turning points and longer ones for macro structure. Watch for multiple pivot lines clustering in the same region — these often mark strong reversal zones. Observe color changes: green = support, orange = resistance, blue = active neutral zone. Combine with price action or volume analysis to confirm reactions near major pivots. 🔵 CONCLUSION The Pivot Levels indicator provides a clean, multi-layered visualization of market structure. By tracking pivots of varying lengths, traders can easily identify overlapping support and resistance regions, gauge breakout strength, and align trades with the dominant structural zones visible across multiple time horizons.
Pine Script®指标
由BigBeluga提供
11
IMS 4H Structural Framework (MA / Pivot / MTF Levels)IMS 4H Structural Framework (MA / Pivot / MTF Levels) ✅ SHORT, COMPLIANT DESCRIPTION (Invite-Only Safe) Description: This tool visualizes a 4H Institutional Market Structure (IMS) framework by combining three workflow components into a single structural map—MA-based bias shifts, pivot-derived 4H trendlines, and multi-timeframe (1H/45m) structural levels. It does not generate signals or performance claims. The framework is designed purely for visual, discretionary analysis of structural flow, risk context, and higher-timeframe alignment. Core Components: • 4H Bias Shift (MA): Highlights directional bias transitions. • 4H Trendlines (Pivot-Based): Shows structural slopes and reaction zones. • MTF Levels (1H & 45m): Adds micro-structure inside the 4H box for refinement. • Caution Zones: Marks potential reaction areas near support/resistance or trendlines. • Dashboard: Displays bias context and educational guidance only. Intended Use: For traders who analyze 4H structural flow and wish to visualize bias, context, and multi-timeframe alignment—not for automation or signals. ________________________________________ ✅ SHORT, SAFE DISCLAIMER (Invite-Only Approved) Disclaimer: This tool is for educational and informational purposes only. It does not provide trading signals, financial advice, or performance guarantees. All decisions remain solely with the user.
Pine Script®指标
由rajyal5117提供
1
Trend Pivots Profile [BigBeluga]🔵 OVERVIEW The Trend Pivots Profile is a dynamic volume profile tool that builds profiles around pivot points to reveal where liquidity accumulates during trend shifts. When the market is in an uptrend , the indicator generates profiles at low pivots . In a downtrend , it builds them at high pivots . Each profile is constructed using lower timeframe volume data for higher resolution, making it highly precise even in limited space. A colored trendline helps traders instantly recognize the prevailing trend and anticipate which type of profile (bullish or bearish) will form. 🔵 CONCEPTS Pivot-Driven Profiles : Profiles are only created when a new pivot forms, aligning liquidity analysis with market structure shifts. Trend-Contextual : Profiles form at low pivots in uptrends and at high pivots in downtrends. Lower Timeframe Data : Volume and close values are pulled from smaller timeframes to provide detailed, high-resolution profiles inside larger pivot windows. Adaptive Bin Sizing : Bin size is automatically calculated relative to ATR, ensuring consistent precision across different markets and volatility conditions. Point of Control (PoC) : The highest-volume level within each profile is marked with a PoC line that extends until the next pivot forms. Trendline Visualization : A wide, semi-transparent line follows the rolling average of highs and lows, colored blue in uptrends and orange in downtrends. 🔵 FEATURES Pivot Length Control : Adjust how far back the script looks to detect pivots (e.g., length 5 → profiles cover 10 bars after pivot). Pivot Profile toggle : On → draw the filled pivot profile + PoC + pivot label. Off → hide profiles; show only PoC level (clean S/R mode). Trend Length Filter : Smooths trendline detection to ensure reliable up/down bias. Precise Volume Distribution : Volume is aggregated into bins, creating a smooth volume curve around the pivot range. PoC Extension : Automatically extends the most active price level until a new pivot is confirmed. Profile Visualization : Profiles appear as filled shapes anchored at the pivot candle, colored based on trend. Trendline Overlay : Thick, semi-transparent trendline provides visual guidance on directional bias. Automatic Cleanup : Old profiles are deleted once they exceed the chart’s capacity (default 25 stored profiles). 🔵 HOW TO USE Spotting Trend Liquidity : In an uptrend, monitor profiles at low pivots to see where buyers concentrated. In downtrends, use high-pivot profiles to spot sell-side pressure. Watch the PoC : The PoC line highlights the strongest traded level of the pivot structure—expect reactions when price retests it. Anticipate Trend Continuation/Reversal : Use the trendline (blue = bullish, orange = bearish) together with pivot profiles to forecast directional momentum. Combine with HTF Context : Overlay with higher timeframe structure (order blocks, liquidity zones, or FVGs) for confluence. Fine-Tune with Inputs : Adjust Pivot Length for sensitivity and Trend Length for smoother or faster trend shifts. 🔵 CONCLUSION The Trend Pivots Profile blends pivot-based structure with precise volume profiling. By dynamically plotting profiles on pivots aligned with the prevailing trend, highlighting PoCs, and overlaying a directional trendline, it equips traders with a clear view of liquidity clusters and directional momentum—ideal for anticipating reactions, pullbacks, or breakouts.
Pine Script®指标
由BigBeluga提供
8
Frozen 4H VWAP – Precision AnchoredFrozen 4H VWAP – Precision Anchored Like Ice The Frozen 4H VWAP – Precision Anchored delivers a clean, stable, and reliable view of the 4-hour Volume Weighted Average Price, designed for traders who want higher timeframe insights without intrabar noise or repainting. 🔹 Key Features: Non-Repainting: VWAP value is “frozen” at the close of each 4H candle — no mid-bar updates or flickering. 4H Timeframe Anchoring: Seamlessly pulls 4-hour VWAP values into any timeframe you’re trading on. Clear Trend Reference: Updates only when a new 4H candle begins, acting as a trustworthy anchor for support/resistance. Custom Source Option: Choose from different price sources (default: HLC3) to fit your strategy. Whether you're scalping, day trading, or swing trading, this indicator gives you a powerful edge by grounding your decisions in higher timeframe VWAP data — clear, calm, and frozen in time.
Pine Script®指标
由Equanimity_raven提供
1
Dynamic S/R Zones Pro [By TraderMan]Dynamic S/R Zones Pro Short pitch: Dynamic S/R Zones Pro automatically maps support and resistance levels using pivot highs/lows and draws surrounding zones. It displays lines, labels and a table — making it fast to spot relevant price areas on your chart. 📊✨ 🔎 What does this indicator do? Detects pivot highs/lows and converts them into dynamic S/R levels. Draws a zone around each level (upper & lower bands) so you can see the interaction area. 🟢🔴 Counts how often each level was tested and writes that “strength” in the table — so you can prioritize levels. Fully configurable colors, line styles, zone width and table display. 🎛️ Note: Pivot-based S/R is a widely used, objective way to map price levels — see pivot basics. Investopedia ⚙️ How it works (technical) Uses pivotRange = 10 to search for highs/lows inside that window. Looks back analysisPeriod (284 in your script) and selects meaningful pivots; filters by strengthSR threshold. channelPercent and zonePercent define band thickness (zone), with zoneWidthPercent applied over the last 300 bars. Strength = number of times price tested that band; used for filtering and the table. High/Low Zones option draws wide reference bands around the period’s highest/lowest pivots. (Pivot logic here is pivot-based SR mapping — not classical static pivot formulas, but the same principle of marking widely watched price levels.) Investopedia 🛠️ How to use (step-by-step) Enable SR: toggle S/R drawing on/off. Strength (strengthSR): increase to show only well-tested levels, decrease to show more levels. Line Style / Width: readability and aesthetics. Show Zones / Zone Width %: enable zones and set width (e.g. 2% of recent range). Show High/Low Zones: draw wide reference zones for the highest/lowest pivots. Extend SR: extend lines across the chart (past/future) for clarity. Show Table: display levels, zone boundaries and strength in the top-right table. 📋 🎯 Trade entry ideas (examples) Not financial advice — examples of how traders commonly use S/R zones. 1) Bounce Long (support zone buy) Condition: Price arrives at a support zone and shows a bullish confirmation candle (e.g., hammer, bullish engulfing). Extra confirmation: oversold RSI or supportive volume. Entry: on confirmed candle close (market or limit). SL: slightly below the zone’s lower band. TP: next resistance or target R:R ≥ 1:2. (Retest confirmations reduce false-breakout risk.) fxopen.com Investopedia 2) Breakout Long Condition: Price breaks resistance with increased volume. Tactic: wait for a retest of the broken resistance (now support). Enter on confirmation. SL: below the retest low or zone lower band. TP: next zone / predetermined R:R target. Breakouts need volume/retest confirmation to avoid fakeouts. Investopedia fxopen.com 3) Scalp Use narrower zones, smaller TF, very tight SL and smaller R:R (e.g., 1:1), account for spreads/fees. 🛡️ Risk management Don’t risk too much per trade — follow a fixed % (e.g., 1–2% max). cmegroup.com Plan SL & TP before entry; avoid emotional adjustments. Investopedia Calculate risk/reward; aim for a favorable R:R and backtest your rules. CenterPoint Securities ✔️ Practical tips Filter by strength to remove noisy levels. Timeframe matters: higher TF = stronger levels. Combine with other indicators (volume, RSI, MAs) for better confirmation. Backtest the script and your entry rules before deploying live. Quick summary: Dynamic S/R Zones Pro is a pivot-based S/R & zone mapper that highlights strong levels and helps you trade bounces, breakouts and retests — but always use SL/TP and solid risk management. Investopedia +2 Investopedia +2 fxopen.com Disclaimer: Not financial advice. Trading involves risk. 🔒
Pine Script®指标
由Traderman_1993提供
Smart MTF S/R Levels[BullByte] Smart MTF S/R Levels Introduction & Motivation Support and Resistance (S/R) levels are the backbone of technical analysis. However, most traders face two major challenges: Manual S/R Marking: Drawing S/R levels by hand is time-consuming, subjective, and often inconsistent. Multi-Timeframe Blind Spots: Key S/R levels from higher or lower timeframes are often missed, leading to surprise reversals or missed opportunities. Smart MTF S/R Levels was created to solve these problems. It is a fully automated, multi-timeframe, multi-method S/R detection and visualization tool, designed to give traders a complete, objective, and actionable view of the market’s most important price zones. What Makes This Indicator Unique? Multi-Timeframe Analysis: Simultaneously analyzes up to three user-selected timeframes, ensuring you never miss a critical S/R level from any timeframe. Multi-Method Confluence: Integrates several respected S/R detection methods—Swings, Pivots, Fibonacci, Order Blocks, and Volume Profile—into a single, unified system. Zone Clustering: Automatically merges nearby levels into “zones” to reduce clutter and highlight areas of true market consensus. Confluence Scoring: Each zone is scored by the number of methods and timeframes in agreement, helping you instantly spot the most significant S/R areas. Reaction Counting: Tracks how many times price has recently interacted with each zone, providing a real-world measure of its importance. Customizable Dashboard: A real-time, on-chart table summarizes all key S/R zones, their origins, confluence, and proximity to price. Smart Alerts: Get notified when price approaches high-confluence zones, so you never miss a critical trading opportunity. Why Should a Trader Use This? Objectivity: Removes subjectivity from S/R analysis by using algorithmic detection and clustering. Efficiency: Saves hours of manual charting and reduces analysis fatigue. Comprehensiveness: Ensures you are always aware of the most relevant S/R zones, regardless of your trading timeframe. Actionability: The dashboard and alerts make it easy to act on the most important levels, improving trade timing and risk management. Adaptability: Works for all asset classes (stocks, forex, crypto, futures) and all trading styles (scalping, swing, position). The Gap This Indicator Fills Most S/R indicators focus on a single method or timeframe, leading to incomplete analysis. Manual S/R marking is error-prone and inconsistent. This indicator fills the gap by: Automating S/R detection across multiple timeframes and methods Objectively scoring and ranking zones by confluence and reaction Presenting all this information in a clear, actionable dashboard How Does It Work? (Technical Logic) 1. Level Detection For each selected timeframe, the script detects S/R levels using: SW (Swing High/Low): Recent price pivots where reversals occurred. Pivot: Classic floor trader pivots (P, S1, R1). Fib (Fibonacci): Key retracement levels (0.236, 0.382, 0.5, 0.618, 0.786) over the last 50 bars. Bull OB / Bear OB: Institutional price zones based on bullish/bearish engulfing patterns. VWAP / POC: Volume Weighted Average Price and Point of Control over the last 50 bars. 2. Level Clustering Levels within a user-defined % distance are merged into a single “zone.” Each zone records which methods and timeframes contributed to it. 3. Confluence & Reaction Scoring Confluence: The number of unique methods/timeframes in agreement for a zone. Reactions: The number of times price has touched or reversed at the zone in the recent past (user-defined lookback). 4. Filtering & Sorting Only zones within a user-defined % of the current price are shown (to focus on actionable areas). Zones can be sorted by confluence, reaction count, or proximity to price. 5. Visualization Zones: Shaded boxes on the chart (green for support, red for resistance, blue for mixed). Lines: Mark the exact level of each zone. Labels: Show level, methods by timeframe (e.g., 15m (3 SW), 30m (1 VWAP)), and (if applicable) Fibonacci ratios. Dashboard Table: Lists all nearby zones with full details. 6. Alerts Optional alerts trigger when price approaches a zone with confluence above a user-set threshold. Inputs & Customization (Explained for All Users) Show Timeframe 1/2/3: Enable/disable analysis for each timeframe (e.g., 15m, 30m, 1h). Show Swings/Pivots/Fibonacci/Order Blocks/Volume Profile: Select which S/R methods to include. Show levels within X% of price: Only display zones near the current price (default: 3%). How many swing highs/lows to show: Number of recent swings to include (default: 3). Cluster levels within X%: Merge levels close together into a single zone (default: 0.25%). Show Top N Zones: Limit the number of zones displayed (default: 8). Bars to check for reactions: How far back to count price reactions (default: 100). Sort Zones By: Choose how to rank zones in the dashboard (Confluence, Reactions, Distance). Alert if Confluence >=: Set the minimum confluence score for alerts (default: 3). Zone Box Width/Line Length/Label Offset: Control the appearance of zones and labels. Dashboard Size/Location: Customize the dashboard table. How to Read the Output Shaded Boxes: Represent S/R zones. The color indicates type (green = support, red = resistance, blue = mixed). Lines: Mark the precise level of each zone. Labels: Show the level, methods by timeframe (e.g., 15m (3 SW), 30m (1 VWAP)), and (if applicable) Fibonacci ratios. Dashboard Table: Columns include: Level: Price of the zone Methods (by TF): Which S/R methods and how many, per timeframe (see abbreviation key below) Type: Support, Resistance, or Mixed Confl.: Confluence score (higher = more significant) React.: Number of recent price reactions Dist %: Distance from current price (in %) Abbreviations Used SW = Swing High/Low (recent price pivots where reversals occurred) Fib = Fibonacci Level (key retracement levels such as 0.236, 0.382, 0.5, 0.618, 0.786) VWAP = Volume Weighted Average Price (price level weighted by volume) POC = Point of Control (price level with the highest traded volume) Bull OB = Bullish Order Block (institutional support zone from bullish price action) Bear OB = Bearish Order Block (institutional resistance zone from bearish price action) Pivot = Pivot Point (classic floor trader pivots: P, S1, R1) These abbreviations appear in the dashboard and chart labels for clarity. Example: How to Read the Dashboard and Labels (from the chart above) Suppose you are trading BTCUSDT on a 15-minute chart. The dashboard at the top right shows several S/R zones, each with a breakdown of which timeframes and methods contributed to their detection: Resistance zone at 119257.11: The dashboard shows: 5m (1 SW), 15m (2 SW), 1h (3 SW) This means the level 119257.11 was identified as a resistance zone by one swing high (SW) on the 5-minute timeframe, two swing highs on the 15-minute timeframe, and three swing highs on the 1-hour timeframe. The confluence score is 6 (total number of method/timeframe hits), and there has been 1 recent price reaction at this level. This suggests 119257.11 is a strong resistance zone, confirmed by multiple swing highs across all selected timeframes. Mixed zone at 118767.97: The dashboard shows: 5m (2 SW), 15m (2 SW) This means the level 118767.97 was identified by two swing points on both the 5-minute and 15-minute timeframes. The confluence score is 4, and there have been 19 recent price reactions at this level, indicating it is a highly reactive zone. Support zone at 117411.35: The dashboard shows: 5m (2 SW), 1h (2 SW) This means the level 117411.35 was identified as a support zone by two swing lows on the 5-minute timeframe and two swing lows on the 1-hour timeframe. The confluence score is 4, and there have been 2 recent price reactions at this level. Mixed zone at 118291.45: The dashboard shows: 15m (1 SW, 1 VWAP), 5m (1 VWAP), 1h (1 VWAP) This means the level 118291.45 was identified by a swing and VWAP on the 15-minute timeframe, and by VWAP on both the 5-minute and 1-hour timeframes. The confluence score is 4, and there have been 12 recent price reactions at this level. Support zone at 117103.10: The dashboard shows: 15m (1 SW), 1h (1 SW) This means the level 117103.10 was identified by a single swing low on both the 15-minute and 1-hour timeframes. The confluence score is 2, and there have been no recent price reactions at this level. Resistance zone at 117899.33: The dashboard shows: 5m (1 SW) This means the level 117899.33 was identified by a single swing high on the 5-minute timeframe. The confluence score is 1, and there have been no recent price reactions at this level. How to use this: Zones with higher confluence (more methods and timeframes in agreement) and more recent reactions are generally more significant. For example, the resistance at 119257.11 is much stronger than the resistance at 117899.33, and the mixed zone at 118767.97 has shown the most recent price reactions, making it a key area to watch for potential reversals or breakouts. Tip: “SW” stands for Swing High/Low, and “VWAP” stands for Volume Weighted Average Price. The format 15m (2 SW) means two swing points were detected on the 15-minute timeframe. Best Practices & Recommendations Use with Other Tools: This indicator is most powerful when combined with your own price action analysis and risk management. Adjust Settings: Experiment with timeframes, clustering, and methods to suit your trading style and the asset’s volatility. Watch for High Confluence: Zones with higher confluence and more reactions are generally more significant. Limitations No Future Prediction: The indicator does not predict future price movement; it highlights areas where price is statistically more likely to react. Not a Standalone System: Should be used as part of a broader trading plan. Historical Data: Reaction counts are based on historical price action and may not always repeat. Disclaimer This indicator is a technical analysis tool and does not constitute financial advice or a recommendation to buy or sell any asset. Trading involves risk, and past performance is not indicative of future results. Always use proper risk management and consult a financial advisor if needed.
Pine Script®指标
由BullByte提供
14
StatPivot- Dynamic Range Analyzer - indicator [PresentTrading]Hello everyone! In the following few open scripts, I would like to share various statistical tools that benefit trading. For this time, it is a powerful indicator called StatPivot- Dynamic Range Analyzer that brings a whole new dimension to your technical analysis toolkit. This tool goes beyond traditional pivot point analysis by providing comprehensive statistical insights about price movements, helping you identify high-probability trading opportunities based on historical data patterns rather than subjective interpretations. Whether you're a day trader, swing trader, or position trader, StatPivot's real-time percentile rankings give you a statistical edge in understanding exactly where current price action stands within historical contexts. Welcome to share your opinions! Looking forward to sharing the next tool soon! █ Introduction and How it is Different StatPivot is an advanced technical analysis tool that revolutionizes retracement analysis. Unlike traditional pivot indicators that only show static support/resistance levels, StatPivot delivers dynamic statistical insights based on historical pivot patterns. Its key innovation is real-time percentile calculation - while conventional tools require new pivot formations before updating (often too late for trading decisions), StatPivot continuously analyzes where current price stands within historical retracement distributions. Furthermore, StatPivot provides comprehensive statistical metrics including mean, median, standard deviation, and percentile distributions of price movements, giving traders a probabilistic edge by revealing which price levels represent statistically significant zones for potential reversals or continuations. By transforming raw price data into statistical insights, StatPivot helps traders move beyond subjective price analysis to evidence-based decision making. █ Strategy, How it Works: Detailed Explanation 🔶 Pivot Point Detection and Analysis The core of StatPivot's functionality begins with identifying significant pivot points in the price structure. Using the parameters left and right, the indicator locates pivot highs and lows by examining a specified number of bars to the left and right of each potential pivot point: Copyp_low = ta.pivotlow(low, left, right) p_high = ta.pivothigh(high, left, right) For a point to qualify as a pivot low, it must have left higher lows to its left and right higher lows to its right. Similarly, a pivot high must have left lower highs to its left and right lower highs to its right. This approach ensures that only significant turning points are recognized. 🔶 Percentage Change Calculation Once pivot points are identified, StatPivot calculates the percentage changes between consecutive pivot points: For drops (when a pivot low is lower than the previous pivot low): CopydropPercent = (previous_pivot_low - current_pivot_low) / previous_pivot_low * 100 For rises (when a pivot high is higher than the previous pivot high): CopyrisePercent = (current_pivot_high - previous_pivot_high) / previous_pivot_high * 100 These calculations quantify the magnitude of each market swing, allowing for statistical analysis of historical price movements. 🔶 Statistical Distribution Analysis StatPivot computes comprehensive statistics on the historical distribution of drops and rises: Average (Mean): The arithmetic mean of all recorded percentage changes CopyavgDrop = array.avg(dropValues) Median: The middle value when all percentage changes are arranged in order CopymedianDrop = array.median(dropValues) Standard Deviation: Measures the dispersion of percentage changes from the average CopystdDevDrop = array.stdev(dropValues) Percentiles (25th, 75th): Values below which 25% and 75% of observations fall Copyq1 = array.get(sorted, math.floor(cnt * 0.25)) q3 = array.get(sorted, math.floor(cnt * 0.75)) VaR95: The maximum expected percentage drop with 95% confidence Copyvar95D = array.get(sortedD, math.floor(nD * 0.95)) Coefficient of Variation (CV): Measures relative variability CopycvD = stdDevDrop / avgDrop These statistics provide a comprehensive view of market behavior, enabling traders to understand the typical ranges and extreme moves. 🔶 Real-time Percentile Ranking StatPivot's most innovative feature is its real-time percentile calculation. For each current price, it calculates: The percentage drop from the latest pivot high: CopycurrentDropPct = (latestPivotHigh - close) / latestPivotHigh * 100 The percentage rise from the latest pivot low: CopycurrentRisePct = (close - latestPivotLow) / latestPivotLow * 100 The percentile ranks of these values within the historical distribution: CopyrealtimeDropRank = (count of historical drops <= currentDropPct) / total drops * 100 This calculation reveals exactly where the current price movement stands in relation to all historical movements, providing crucial context for decision-making. 🔶 Cluster Analysis To identify the most common retracement zones, StatPivot performs a cluster analysis by dividing the range of historical drops into five equal intervals: CopyrangeSize = maxVal - minVal For each interval boundary: Copyboundaries = minVal + rangeSize * i / 5 By counting the number of observations in each interval, the indicator identifies the most frequently occurring retracement zones, which often serve as significant support or resistance areas. 🔶 Expected Price Targets Using the statistical data, StatPivot calculates expected price targets: CopytargetBuyPrice = close * (1 - avgDrop / 100) targetSellPrice = close * (1 + avgRise / 100) These targets represent statistically probable price levels for potential entries and exits based on the average historical behavior of the market. █ Trade Direction StatPivot functions as an analytical tool rather than a direct trading signal generator, providing statistical insights that can be applied to various trading strategies. However, the data it generates can be interpreted for different trade directions: For Long Trades: Entry considerations: Look for price drops that reach the 70-80th percentile range in the historical distribution, suggesting a statistically significant retracement Target setting: Use the Expected Sell price or consider the average rise percentage as a reasonable target Risk management: Set stop losses below recent pivot lows or at a distance related to the statistical volatility (standard deviation) For Short Trades: Entry considerations: Look for price rises that reach the 70-80th percentile range, indicating an unusual extension Target setting: Use the Expected Buy price or average drop percentage as a target Risk management: Set stop losses above recent pivot highs or based on statistical measures of volatility For Range Trading: Use the most common drop and rise clusters to identify probable reversal zones Trade bounces between these statistically significant levels For Trend Following: Confirm trend strength by analyzing consecutive higher pivot lows (uptrend) or lower pivot highs (downtrend) Use lower percentile retracements (20-30th percentile) as entry opportunities in established trends █ Usage StatPivot offers multiple ways to integrate its statistical insights into your trading workflow: Statistical Table Analysis: Review the comprehensive statistics displayed in the data table to understand the market's behavior. Pay particular attention to: Average drop and rise percentages to set reasonable expectations Standard deviation to gauge volatility VaR95 for risk assessment Real-time Percentile Monitoring: Watch the real-time percentile display to see where the current price movement stands within the historical distribution. This can help identify: Extreme movements (90th+ percentile) that might indicate reversal opportunities Typical retracements (40-60th percentile) that might continue further Shallow pullbacks (10-30th percentile) that might represent continuation opportunities in trends Support and Resistance Identification: Utilize the plotted pivot points as key support and resistance levels, especially when they align with statistically significant percentile ranges. Target Price Setting: Use the expected buy and sell prices calculated from historical averages as initial targets for your trades. Risk Management: Apply the statistical measurements like standard deviation and VaR95 to set appropriate stop loss levels that account for the market's historical volatility. Pattern Recognition: Over time, learn to recognize when certain percentile levels consistently lead to reversals or continuations in your specific market, and develop personalized strategies based on these observations. █ Default Settings The default settings of StatPivot have been carefully calibrated to provide reliable statistical analysis across a variety of markets and timeframes, but understanding their effects allows for optimal customization: Left Bars (30) and Right Bars (30): These parameters determine how pivot points are identified. With both set to 30 by default: A pivot low must be the lowest point among 30 bars to its left and 30 bars to its right A pivot high must be the highest point among 30 bars to its left and 30 bars to its right Effect on performance: Larger values create fewer but more significant pivot points, reducing noise but potentially missing important market structures. Smaller values generate more pivot points, capturing more nuanced movements but potentially including noise. Table Position (Top Right): Determines where the statistical data table appears on the chart. Effect on performance: No impact on analytical performance, purely a visual preference. Show Distribution Histogram (False): Controls whether the distribution histogram of drop percentages is displayed. Effect on performance: Enabling this provides visual insight into the distribution of retracements but can clutter the chart. Show Real-time Percentile (True): Toggles the display of real-time percentile rankings. Effect on performance: A critical setting that enables the dynamic analysis of current price movements. Disabling this removes one of the key advantages of the indicator. Real-time Percentile Display Mode (Label): Chooses between label display or indicator line for percentile rankings. Effect on performance: Labels provide precise information at the current price point, while indicator lines show the evolution of percentile rankings over time. Advanced Considerations for Settings Optimization: Timeframe Adjustment: Higher timeframes generally benefit from larger Left/Right values to identify truly significant pivots, while lower timeframes may require smaller values to capture shorter-term swings. Volatility-Based Tuning: In highly volatile markets, consider increasing the Left/Right values to filter out noise. In less volatile conditions, lower values can help identify more potential entry and exit points. Market-Specific Optimization: Different markets (forex, stocks, commodities) display different retracement patterns. Monitor the statistics table to see if your market typically shows larger or smaller retracements than the current settings are optimized for. Trading Style Alignment: Adjust the settings to match your trading timeframe. Day traders might prefer settings that identify shorter-term pivots (smaller Left/Right values), while swing traders benefit from more significant pivots (larger Left/Right values). By understanding how these settings affect the analysis and customizing them to your specific market and trading style, you can maximize the effectiveness of StatPivot as a powerful statistical tool for identifying high-probability trading opportunities.
Pine Script®指标
由PresentTrading提供
1
GOLDEN Trading System by @thejamiulThe Golden Trading System is a powerful trading indicator designed to help traders easily identify market conditions and potential breakout opportunities. Source of this indicator : This indicator is built on TradingView original pivot indicator but focuses exclusively on Camarilla pivots, utilising H3-H4 and L3-L4 as breakout zones. Timeframe Selection: Before start using it we should choose Pivot Resolution time-frame accordingly. If you use 5min candle - use D If you use 15min candle - use W If you use 1H candle - use M If you use 1D candle - use 12M How It Works: Sideways Market: If the price remains inside the H3-H4 as Green Band and L3-L4 as Red band, the market is considered range-bound. Trending Market: If the price moves outside Green Band, it indicates a potential up-trend formation. If the price moves outside Red Band, it indicates a potential down-trend formation. Additional Features: Displays Daily, Weekly, Monthly, and Yearly Highs and Lows to help traders identify key support and resistance levels also helps spot potential trend reversal points based on historical price action. Suitable for both intraday and swing trading strategies. This indicator is a trend-following and breakout confirmation tool, making it ideal for traders looking to improve their decision-making with clear, objective levels. 🔹 Note: This script is intended for educational purposes only and should not be considered financial advice. Always conduct your own research before making trading decisions.
Pine Script®指标
由thejamiul提供
2
Pivot High/Low [s3]This is a technical analysis tool that identifies significant price pivot points (highs and lows) in the market. It looks for both major and minor pivot points, which can help traders identify potential support and resistance levels, trend reversals, and breakout opportunities. How Pivot Points Are Calculated: The indicator uses a straightforward "higher than everything around it" or "lower than everything around it" approach: For Pivot Highs: - The indicator looks at a specific bar and compares it to bars before and after it - For a major pivot high: It checks 50 bars to the left and 20 bars to the right - If the bar's high price is higher than ALL bars within this range, it's marked as a pivot high - Think of it like a mountain peak - it needs to be the highest point compared to everything around it For Pivot Lows: - Same concept but reversed - looking for valleys instead of peaks - Checks the same ranges (50 left, 20 right) - The bar's low price must be lower than ALL surrounding bars - Like finding the bottom of a valley - it needs to be the lowest point in the area Key Features: 1. Two types of pivot points: - Major pivots (using longer lookback periods of 50 bars left, 20 bars right) - Minor pivots (using half the lookback periods - 25 left, 10 right) 2. Visual elements: - Triangle markers above/below bars for pivot points - Dotted lines extending from pivot points - Color coding: Green for lows (support), Red for highs (resistance) - Major pivots are more prominent than minor pivots 3. Customizable alerts for: - Formation of new pivot points - Breakouts above/below pivot levels Trading Applications: 1. Support and Resistance: - Major pivot levels act as strong support (lows) and resistance (highs) - Multiple touches of these levels increase their significance - Minor pivots can indicate intermediate support/resistance levels 2. Trend Analysis: - Higher highs and higher lows = Uptrend - Lower highs and lower lows = Downtrend - Breaking of major pivot levels can signal trend changes 3. Entry/Exit Signals: - Long entries: When price bounces off major pivot lows - Short entries: When price rejects from major pivot highs - Take profits: At opposite pivot levels - Stop losses: Just beyond the entry pivot level 4. Breakout Trading: - Breaking above major pivot highs suggests bullish momentum - Breaking below major pivot lows suggests bearish momentum - Use the alert system to catch breakouts early Settings Customization: - Adjust lookback periods based on your timeframe - Toggle visibility of markers and lines - Customize colors for better visibility - Enable/disable specific types of alerts Risk Management Tips: 1. Don't rely solely on pivot points - combine with other indicators 2. Wait for confirmation of bounces/rejections before entering trades 3. Use proper position sizing based on stop loss placement 4. Consider market context and overall trend when trading pivot levels This indicator is particularly useful for swing traders and position traders who focus on key market turning points and trend changes. It helps identify significant price levels where the market has previously shown reaction, making it valuable for both trend following and counter-trend strategies.
Pine Script®指标
由s3raphic333提供
Divergence Indicator Multi [TradingFinder] MACD AO RSI DIV Chart🔵 Introduction 🟣 What is Divergence in Financial Markets? Divergence in technical analysis happens when the price of a stock moves in a direction opposite to certain indicators. This is a crucial concept in financial markets as it can signal either a trend reversal or a continuation of the current correction in the trend. Understanding divergence helps traders and analysts make more informed decisions. 🟣 Positive Regular Divergence (RD+) A positive regular divergence occurs at the end of a downtrend, where two price lows form. This divergence appears when the price chart shows a new low, but the indicator does not follow, signaling potential buying opportunities. Positive divergence indicates increased buying pressure and reduced selling pressure, making it a useful signal for forecasting price increases. 🟣 Negative Regular Divergence (RD-) A negative regular divergence is seen during an uptrend when two price highs form. The price chart records a new high, but the indicator does not reflect this change, suggesting that a market downturn is likely. This type of divergence shows strong selling pressure and weaker buying activity, which can help identify selling opportunities. Both positive and negative divergences are powerful tools for identifying potential trend reversals and key support and resistance levels. For example, when an indicator trends upward while the price moves downward, this creates divergence, warning traders to reconsider their investment strategy. 🟣 Different Types of Divergence in Trading 1. Regular Divergence : o Positive Regular Divergence (RD+) o Negative Regular Divergence (RD-) 2. Hidden Divergence : o Positive Hidden Divergence (HD+) o Negative Hidden Divergence (HD-) 3.Time Divergence. Note : This guide focuses specifically on Regular Divergence. 🟣 What is Regular Divergence? Regular Divergence, often referred to as convergence, occurs when price action and indicators show conflicting patterns, usually signaling the end of a trend. Detecting regular divergence helps traders anticipate potential trend reversals or the formation of reversal patterns. 🔵 How to Use To optimize the detection of divergence, you can adjust the Fractal Period to specify the length of time for identifying divergence patterns. Additionally, with the Divergence Detection Method, you can select oscillators like the MACD, RSI, or AO to base divergence detection on. Divergence in MACD : MACD divergence occurs when the price chart forms an opposite pattern compared to the MACD line, indicating a potential price reversal. Divergence in RSI : In a downtrend, if the price chart forms two consecutive lows with the second lower than the first, but the RSI shows two lows with the second higher, this indicates positive regular divergence, which is a buy signal. On the other hand, during an uptrend, if the price forms two highs with the second higher than the first, but the RSI shows the second high lower, this points to negative regular divergence, indicating a sell signal. Divergence in AO (Awesome Oscillator) : The AO indicator calculates histograms using the difference between 5-period and 34-period simple moving averages. It compares peaks and troughs of these histograms with price movements, detecting divergence and plotting lines and arrows to signal divergence. 🔵 Table The following table breaks down the main features of the oscillator. It covers four critical categories: Exist, Consecutive, Divergence Quality, and Change Phase Indicator. Exist : If divergence is detected, a "+" will appear in this row. Consecutive: Shows the number of consecutive divergences that have formed in a short period. Divergence Quality : Evaluates the quality of the divergence based on the number of occurrences. One is labeled "Normal," two are "Good," and three or more are considered "Strong." Change Phase Indicator : If a phase change is detected between two oscillation peaks, this is marked in the table.
Pine Script®指标
由TFlab提供
4
Pivot Data [QuantVue]The Pivot Data Indicator is designed to provide traders with valuable insights by identifying and analyzing pivot points on the price chart. It calculates both pivot highs and lows, then presents detailed statistics on the distance and time between these pivots. a pivot point is defined as a specific point on the chart where the price either reaches a high or a low, with no bars higher or lower than it for a set number of bars on both sides (left and right). Essentially, it's a local high or low point, with the market moving in the opposite direction after the pivot forms. For example: A pivot high occurs when there are no bars with higher prices for a specified number of bars before and after that point. A pivot low occurs when there are no bars with lower prices for the same number of bars on either side. The number of bars to the left and right is adjustable via the Pivot Lookback Bars setting, allowing you to define how many bars are used to determine these pivot points. Key features include: Pivot Highs and Lows Identification: Automatically marks significant pivot highs and lows based on a user-defined lookback period, helping traders identify potential trend reversals or continuation points. Prediction Labels: Provides forecasted pivot levels based on historical pivot price and time patterns, with options to show predictions for pivot highs, lows, or any pivot point. Customizable Table Display: Displays a table summarizing important statistics, such as the average price percentage and the number of bars between pivots, along with the distance and time from the most recent pivot. Traders can use this tool to map out potential levels of support and resistance based on historical data on pivot points.
Pine Script®指标
由QuantVue提供
3
Pivot Points Level [TradingFinder] 4 Methods + Reversal lines🔵 Introduction "Pivot Points" are places on the price chart where buyers and sellers are most active. Pivot points are calculated based on the previous day's price data and serve as reference points for traders to make decisions. Types of Pivot Points : Floor Woodie Camarilla Fibonacci 🟣 Floor Pivot Points Floor pivot points are widely used in technical analysis. The central pivot point (PP) serves as the main level of support or resistance, indicating the potential direction of the trend. The first to third levels of resistance (R1, R2, R3) and support (S1, S2, S3) provide additional signals for potential trend reversals or continuations. Floor Pivot Points Formula : Pivot Point (PP): (H + L + C) / 3 First Resistance (R1): (2 * P) - L Second Resistance (R2): P + H - L Third Resistance (R3): H + 2 * (P - L) First Support (S1): (2 * P) - H Second Support (S2): P - H + L Third Support (S3): L - 2 * (H - P) 🟣 Camarilla Pivot Points Camarilla pivot points include eight levels that closely align with support and resistance. These points are particularly useful for setting stop-loss and profit targets. Camarilla Pivot Points Formula : Fourth Resistance (R4): (H - L) * 1.1 / 2 + C Third Resistance (R3): (H - L) * 1.1 / 4 + C Second Resistance (R2): (H - L) * 1.1 / 6 + C First Resistance (R1): (H - L) * 1.1 / 12 + C First Support (S1): C - (H - L) * 1.1 / 12 Second Support (S2): C - (H - L) * 1.1 / 6 Third Support (S3): C - (H - L) * 1.1 / 4 Fourth Support (S4): C - (H - L) * 1.1 / 2 🟣 Woodie Pivot Points Woodie pivot points are similar to floor pivot points but place more emphasis on the closing price. This method often results in different pivot levels than the floor method. Woodie Pivot Points Formula : Pivot Point (PP): (H + L + 2 * C) / 4 First Resistance (R1): (2 * P) - L Second Resistance (R2): P + H - L First Support (S1): (2 * P) - H Second Support (S2): P - H + L 🟣 Fibonacci Pivot Points Fibonacci pivot points use the standard floor pivot points and then apply Fibonacci retracement levels to the range of the previous trading period. The common retracement levels used are 38.2%, 61.8%, and 100%. Fibonacci Pivot Points Formula : Pivot Point (PP): (H + L + C) / 3 Third Resistance (R3): PP + ((H - L) * 1.000) Second Resistance (R2): PP + ((H - L) * 0.618) First Resistance (R1): PP + ((H - L) * 0.382) First Support (S1): PP - ((H - L) * 0.382) Second Support (S2): PP - ((H - L) * 0.618) Third Support (S3): PP - ((H - L) * 1.000) These pivot point calculations help traders identify potential support and resistance levels, enabling more informed decision-making in their trading strategies. 🔵 How to Use 🟣 Two Methods for Trading Pivot Points There are two primary methods for trading pivot points: trading with "pivot point breakouts" and trading with "price reversals." 🟣 Pivot Point Breakout A breakout through pivot lines provides a significant signal to the trader, indicating a change in market sentiment. When an upward breakout occurs and the price crosses these lines, a trader can enter a long position and place their stop-loss below the pivot point (P). Similarly, if a downward breakout happens, a short order can be placed below the pivot point. When trading with pivot point breakouts, if the upward trend breaks, the first and second support levels can be the trader's profit targets. In a downward trend, the first and second resistance levels will serve this role. 🟣 Price Reversal Another method for trading pivot points is waiting for the price to reverse from the support and resistance levels. To execute this strategy, one should trade in the opposite direction of the trend as the price reverses from the pivot point. It's worth noting that although traders use this tool in higher time frames, it yields better results in shorter time frames such as one-hour, 30-minute, and 15-minute intervals.
Pine Script®指标
由TFlab提供
3
Pivot Point Calculator [JP&Dia]English User Guide Script Name: Pivot Point Calculator What Does This Script Do? This script calculates classic and Camarilla pivot points used in financial markets. Pivot points are used to identify key support and resistance levels, and this script helps traders better understand market movements. How to Use It? Add the script to your charts on TradingView. Enter your desired time frame in the “Enter Time Frame” field (e.g., M, W, D). Choose either or both “Classic Pivot” and “Camarilla Pivot” options to display them. The script will automatically calculate the pivot points and display them on the chart. Why Is This Script Unique? This script combines both classic and Camarilla pivot calculations, allowing users to easily utilize both pivot styles through a single script. How Can People Benefit? Traders can use this script to identify potential buy-sell points and market trends. They can also conduct their market analyses more efficiently and effectively. Script Adı: Pivot Noktası Hesaplayıcı Script Ne İşe Yarar? Bu script, finansal piyasalarda kullanılan klasik ve Camarilla pivot noktalarını hesaplar. Pivot noktaları, önemli destek ve direnç seviyelerini belirlemek için kullanılır ve bu script, yatırımcıların piyasa hareketlerini daha iyi anlamalarına yardımcı olur. Nasıl Kullanılır? Scripti TradingView’deki grafiklerinize ekleyin. “Zaman Dilimi Girin” alanına istediğiniz zaman dilimini girin (Örneğin: M, W, D). “Classic Pivot” ve “Camarilla Pivot” seçeneklerinden birini veya her ikisini de seçerek gösterilmesini sağlayabilirsiniz. Script otomatik olarak pivot noktalarını hesaplayacak ve grafik üzerinde gösterecektir. Neden Özgü Bir Script? Bu script, hem klasik hem de Camarilla pivot hesaplamalarını birleştirir ve kullanıcıların her iki pivot stilini de tek bir script üzerinden kolayca kullanmalarını sağlar. İnsanlar Nasıl Faydalanabilir? Yatırımcılar, bu scripti kullanarak potansiyel alım-satım noktalarını ve piyasa trendlerini belirleyebilirler. Ayrıca, piyasa analizlerini daha verimli ve etkili bir şekilde yapabilirler.
Pine Script®指标
由ByCentralTrader提供
BE - Spread_IndicatorSpread Indicator: An Overview Driven by the concept of forethought. The indicator predicts the range for the day and divides it into two or three Levels (upper, middle, and lower). These ranges are drawn from possible supply and demand zones as well as potential price consolidation zones which has happend in the rolling number of days in the past. It's true that market respects history. Which means the zones which are untested and created new in recent past shall be respected in the future days. Also the most respected Zones switch between support and resistance based on the price and volume pumped into the market. Calucations Involved In the Indicator: Indicator takes into account Factrol points, Fibonachi and its Retracements along with Channel and Candle Ranges to calculate the levels accordingly. Levels Information: Levels should be Treated and Traded the way like POC (Point Of Control). Price within the levels are basically controled by the levels above and underneath. Converting idea to TradeOpportunity: One can look into deploying IronCondor, while it is within the Zone also One Can deploy Long Straddle when the levels are Tested. My personal Observation not a Trade Recommendation With an Option Buyer view, I have been testing this indicator on the Index (BankNifty, FinNifty & Nifty) on 5 Min TF and 15 Min TF. Banknifty Works Well with Bull & Bear Spreads and FinNifty along with Nifty Works Well with Long Straddle & Long Strangle. Happy to receive Suggesstions and feedback to improvise it with better option strategy. Features: 1. Integrated with NLB for AlgoTrading. 2. Timely Alerts for Levels, Formation, Breach, TestOf Levels, CrossOvers. 3. Position Can be traded as CarryForward or Intraday.
Pine Script®指标
由TradeWiseWithEase提供
K's Pivot PointsPivot points are a popular technical analysis tool used by traders to identify potential levels of support and resistance in a given timeframe. Pivot points are derived from previous price action and are used to estimate potential price levels where an asset may experience a reversal, breakout, or significant price movement. The calculation of pivot points involves a simple formula that takes into account the high, low, and close prices from the previous trading session or a specific period. The most commonly used pivot point calculation method is the "Standard" or "Classic" method. Here's the formula: Pivot Point (P) = (High + Low + Close) / 3 In addition to the pivot point itself, several support and resistance levels are calculated based on the pivot point value. K's Pivot Points try to enhance them by incorporating multiple elements and by applying a re-integration strategy to validate two events: * Found_Support: This event represents a basing market that is bound to recover or at least shape a bounce. * Found_Resistance: This event represents a toppish market that is bound to consolidate or at least shape a pause. K's Pivot Points are calculated following these steps: 1. Calculate the highest of highs for the previous 24 periods (preferably hours). 2. Calculate the lowest of lows for the previous 24 periods (preferably hours). 3. Calculate a 24-period (preferably hours) moving average of the close price. 4. Calculate K's Pivot Point as the average between the three previous step. 5. To find the support, use this formula: Support = (Lowest K's pivot point of the last 12 periods * 2) - Step 1 6. To find the resistance, use this formula: Resistance = (Highest K's pivot point of the last 12 periods * 2) - Step 2 The re-integration strategy to find support and resistance areas is as follows: * A support has been found if the market breaks the support and shapes a close above it afterwards. * A resistance has been found if the market surpasses the resistance and shapes a close below it afterwards. The lookback period (whether 24 and 12) can be modified but the default versions work well.
Pine Script®指标
由Sofien-Kaabar提供
5
Support Resistance - Dynamic v2 w/ Timeframe optionThis script is a modification from the awesome "Support Resistance - Dynamic v2" by @LonesomeTheBlue This script is very similar to the original indicator mentioned above, but with a modification that, in my opinion, would be very useful for many traders. It enables the option to choose different timeframe to calculate the S/R levels. Very often, traders would like to use higher timeframes to define S/R levels, rather than using the same timeframe that they are trading at. For example, if trading at 5min, we often use 15min, 30min or 1hr timeframe to define our S/R levels. For example, below shows S/R levels from three different timeframes: Hope you find value in this indicator~ Enjoy~
Pine Script®指标
由PtGambler提供
31
CAT Month Opening RangeA trading range which is formed during the first three trading day of any month sets an important "Month Opening Range". The lowest price made during the first three trading days can be considered the Monthly Support level (see the green line drawn by the indicator). The highest price made during the first three trading days can be considered the Monthly Resistance level (see the red line drawn by the indicator). In an Up trending market price tends to break over the upper edge of the Month Opening Range and keep moving higher at the very least until the middle of that month. In an Up trending market once price broke out of the Month Opening Range, the Monthly Resistance level tends to work as a support. In a Down trending market price tends to break under the lower edge of the Month Opening Range and keep moving higher at the very least until the middle of that month. In a Down trending market once price broke under the Month Opening Range, the Monthly Support level tends to work as a resistance There are may ways to use that instrument: (1) Trend Confirmation. The first three days of a month tends to bring volatile trading. The market sets boundaries for the following four trading weeks. Once the range has been set, swing traders may wait for the market to break out of the range and consider that direction of the prevailing trend direction. (2) Short "Failed Breakout" setup Quite often price breaks out of the Month Opening Range on the fourth or fifth trading day of a month but then drops back into the range. That failed breakout quite often is followed by decline back down to the Month Support level (the lower edge of the Month Opening Range). (3) Long "Failed Breakdown" setup Quite often price breaks down under the Month Support on the fourth or fifth trading day of a month but then pops back up over the Monthly Support. That failed breakdown quite often is followed by a rally targeting to retest the Monthly Resistance (the red line). The indicator generates signals, trade set-ups and alerts that are for educational and hypothetical purposes only and shall not be considered trade recommendations. Any signals or trading setups drawn by the indicator is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of the indicator must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision.
Pine Script®指标
由CastAwayTrader提供
7
Pivot mtf semaphore support&resistance [LM]Hello Traders, I would like to introduce you pivot semaphore mtf support&resistance levels. The idea is the same as my other S/R scripts to have a look at the important levels. The Semaphore is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones. The script is based on amazing work of @LucF so really big thanks for your work on mtf line offsetting. It has three settings: First two settings are for higher timeframes Third setting is setting for pivots on current timeframe !!!! Very important is there is limitation in pinescript how many candles you can look back(4999) if you choose timeframes that are very distant from each other there is a chance that those lines won't show up Hopefully you will enjoy Cheers, Lukas
Pine Script®指标
由lmatl提供
5
Turk Pivot Candle Order BlocksOrder Blocks based on pivot reversal candle When a pivot High or Pivot Low is found and confirmed, a box will be plotted on the open and close values of that pivot candle You also have the ability to change the amount of candles the box stretches over as well as the colors of the bullish and bearish boxes How To Use:- Pivot points often provide Support and Resistance points on their own, one way of marking up order blocks is by taking the pivot candle and marking that up as a resistance area where you could be looking for price to reverse
Pine Script®指标
由turk_shariq提供
5
Customizable Pivot Support/Resistance Zones [MyTradingCoder]This script uses the standard pivot-high/pivot-low built-in methods to identify pivot points on the chart as a base calculation for the zones. Rather than displaying basic lines, it displays a zone from the original pivot point to the closest part of the available body on the same candle. The script comes in handy by utilizing Pinescripts available input.source() function to allow for an external indicators output value to be used within the indicator. Make sure to read all of the TOOLTIPS in the indicator settings menu to get a full understanding of what each setting does, and how it can affect the results that end up on the chart. By enabling the custom filter in the indicator settings, you will notice you have the ability to filter out zones using an external indicator such as an RSI. Maybe you only want zones to be calculated/drawn when the RSI is overbought or oversold, or maybe you only want the zones to calculate/draw if the Supertrend is green or red. The list of possible filters that you can implement is too many to count. Feel free to play around with the indicator however you like, and configure something that you find to be the most useful for your trading. On top of everything listed above, the indicator has pre-programmed built-in alertconditions so that you can potentially automate trading, or get a notification to your cell phone when a zone is being touched/broken.
Pine Script®指标
由JacobMagleby提供
18
BoxToBox by GurkyCombination of the box theory by Nicolas Darvas and the turtle system. If the price is above the box, it's long. If the price is below the box, it's short. And follow tags for exit. Simple game plan. Darvas box theory is a technical tool that allows traders to target stocks with increasing trade volume. The Darvas box theory is not locked into a specific time period, so the boxes are created by drawing a line along the recent highs and recent lows of the time period the trader is using. The Darvas box is a trend following system. A trend following system is one that does not try to anticipate a market move. Another way of saying this is that the system is reactive versus predictive. Darvas would only enter stocks that were in confirmed uptrends and breaking out of consolidation patterns to make new highs. His boxes helped him visualize this while he was on the road dancing for a living. Essentially, if a stock on his watchlist was bouncing around inside a “price box” of say $35 and $40, then he knew if it broke to $40.50, it was time to buy. Likewise, if the stock retreated back into the box, it hit his stop loss orders. He wanted to make sure the uptrend was confirmed with higher prices.
Pine Script®指标
由gurkanselcuk92提供
1