PPA uses an adaptive 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 lines and 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 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.
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact dman103 for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.
Access to Pivot Points Algo indicator will be granted up to 12 hours (usually a few hours), within your TradingView account after you purchase on the website here: https://algo.win You will get a notification via email.
Warning: please read before requesting access.
Premium Pivot Points Algo Indicator: https://www.tradingview.com/script/LFBaHNuA-Pivot-Points-Algo/