PPA uses an adaptive pivot algorithm that adapts to different market situations based on various factors.
PPA also includes depth filtering to make it more precise at its signal decision.
======= Signal Types ======
Main Signal of BUY and SELL shown by buy/sell labels.
Mini Signals of BUY and SELL shown by buy/sell arrows and shows additional breakouts after the Main Signal occurred.
Optional reversal signals show a possible reversal in trend (small triangle).
======= Alerts =======
Main Signals alerts - Alerts when a main Buy or Sell is triggered (Shown as Labels).
Combo Alerts - Alerts when main or mini signals of Buy and Sell are triggered (Shown as Arrows).
======= Assets and Time frames =======
Can be used on various assets, stocks, forex, crypto and works great for day trading as well as swing trading and long term investing.
PPA is designed to adjust to any time frame!
======= General info =======
The purpose of this indicator is to signal possible breakouts with a high rate of success.
PPA has been extensively tested and fine tuned to provide traders and investors with a valuable tool for timing long and short entries. However, no system is 100% perfect, and it is good practice to have a plan in place and use stop losses or other tools to mitigate unforeseen risk.
Also, note, I don't hide what PPA is doing as opposed to some other commercial indicators on the market. You can view pivot lines and pivot bands and so on.
The magic is the inner system itself which works for you to pinpoint the best entrance possible, I recommend confirming your own methods to make sure you want to take the trade.
To subscribe to Pivot Points Algo service see “Author's instructions” below.
For any question you can PM me.
Happy and profitable trading!
Major update: Now you can update pivot lengths from indicator settings when on 'Manual' mode!
Color bars shows trend by strong colors (strong trend) and or weaker colors (weakening trend).
Bug fix for mini signals.
Added option to change bar colors from PPA main settings.
Disabled 'Style' settings and moved useful style settings to main settings.
Improvement in PowerFilter OTC.
Candle pattern improved detection.
Updated PowerFilter OTC algo.
Added 'SKY' color scheme.
Added capability to detect breakouts on sufficient previous pivots.
Pivot Points Algo update.
Added new type of Alert to trigger any signal with message codes: Main Buy, Mini Buy, Main Sell, Mini Sell
Minor scheme color fixes.
Other bug fix and improvements to pivot algo.
Improved alert messages.
Update to colors for black & white color scheme.
Minor bug fixes.
New visual false breakouts displayed by dashed lines.
New OTC NoiseFilter setting, 'Strong' - Stronger filtering - for bigger takes (swing trading/longer term trading).
Updated settings tooltip descriptions.
Algo improvements and code optimizations.
Note: GOTO documentation at Pivot Points Algo website for more info.
You can now visually enable labels to visually see breakout prices.
You can now set sensitivity also to MINI signals.
New various alerts that will trigger only after MAIN and it's first MINI signal for each direction (buy or sell).
Better organization in settings.
Refer documation on the website for more information.
Main algo finetune.
Mini signals are shown as small triangles (instead of arrows).
Updated settings descriptions.
Added color options for pivot bands.
Improved adaptation of algo for futures and forex.
Update code to newest pinescript version.
Added new trailing stop loss such as Fixed, Trailing percentage, Trailing Sar, Trailing Pivot, etc. Remember, trailing stop loss target is to limit loss and lock profit.
Added option to auto detect asset velocity to determine automatically stop loss value.
Added enhanced configurations to give flexibility for trailing stop loss.
Added real time pivot transformation to help predict upcoming price breakouts.
Added stop loss alert.
More info on website.
Specific update to pivot stop loss.
Option to display stop loss value on real time bars (forward) and/or historical.
Updated stop loss to start exactly on signal entry price.
Add a new option to display stop loss value only at signal first candle.
Increase stop loss character size 'E'.
Fixed rare bug where stop loss can be executed twice.
Fixed 'Close position on touching stop loss. (Real time only)' option to work correctly when disabled (to close position on candle close).
Improved how real-time pivots are generated.
Removed trailing loss unnecessary labels.
Improvements for 'auto stop loss' algo and it's default settings.
Improvements of how trailings stop loss works on some endpoints such as triggering on the same candle with an opposite direction signal.
Added stop-loss multiplier parameter (in settings) for trailing stop loss (Auto s/l) for faster control over the 'auto s/l' value!
Labels settings have been improved drastically, more control over stop-loss values for historical and real-time.
Added option for all alerts to also send stop loss codes when triggered: '3' code for long and '-3' code for shor (disabled by default).
Improved support for external indicators if they are set to a higher time frame (Like DTrendmeter, MA+, etc)
Improved how stop-loss acts on buy/sell signal candles.
Improved default settings.
* Some optimizations and bug fix.
* Fixed issue with stop loss incorrect plots (the cross shape) when we have a reversal signal.
* Update to bar coloring functionality to color bars only when in signal, if stop loss triggers and an exit trade, bars will remain normal until the next signal.
Introducing a new X-RAY filter to filter even more false signals.
Removed unused indicator status line texts.
Some code adjustments and optimizations.
* Separated stop loss alerts into two different alerts (stop loss long, stop loss short)
* Improved x-ray filter - added 'Strong' setting which is similar to previous PPA ver (1.53) 'Normal' settings while the 'Normal' setting is looser on 1.54 (default is Strong).
* Improved OTC NoiseFilter algo.
* Improved ranged pivot algo like between 1 (min pivot length) to 4 (max pivot length).
* Added option to force alerts to trigger at the close of the candle.
* General optimization.
* Fixed alert bug, where it could execute alert at false breakout.
* Removed option to 'Force alert at candle close', you just set what you want from Alert itself. Cheers!
Update the x-ray pattern detection in real-time (also fix alert precision).
Pivot Sensitivity Presets are working now!
Update the x-ray pattern detection by adding 'Loose' settings (less sensitive).
NEW: X-Ray filter Includes multi-time frame support for even greater flexibility.
Added option to change stop loss colors and looks.
Removed built-in x-ray filter due to alerts issue. For X-RAY users use the XRAY indicator itself and attach it to PPA ('external indicator connection;' in PPA settings), alerts will work perfectly!
Premium Pivot Points Algo Indicator: www.tradingview.com/script/LFBaHNuA-Pivot-Points-Algo/
LIVE Stream - Pivot Points Algo: www.youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
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