ZN Pivots

Description

This indicator is aimed at showing the pivot points of the trend by using Ichimoku cloud and Bollinger bands.

• BOLL: Upper Bollinger Band. The red circle formed on it refers to the downward intersection of the MACD indicator. In the downward intersection, a red circle appears.
  
• BOLL: Middle Bollinger Band.
  
• BOLL: Lower Bollinger Band. The red circle formed on it refers to the downward intersection of the RSI indicator. In the downward intersection, a red circle appears.
  
• ICHI: Ichimoku Leading A Line. The green circle formed on it refers to the upward intersection of the ICHIMOKU indicator.
  
• ICHI: Ichimoku Leading B Line. The red circle formed on it refers to the downward intersection of the ICHIMOKU indicator.
  

Warning

As a result, this indicator should be expected to give an idea of the trend direction, not a trading signal.


Version

v1.0

Release Notes:

• If the price closes below the middle band, a red circle is now displayed on the middle band. Otherwise, you will see a green circle.
  
• the colors of the upper bollinger band line and the lower band line.
  

Release Notes:

• The red circle that occurs when the Ichimoku leading A line cuts down the leading B line is now displayed on the leading B.
  
• Fixed the issue of contraction on large time frames caused by Bollinger lower band calculation.
  

Release Notes:

• Plot plots showing indicator levels have been replaced with line plots.
  
• Line width increased from 10 bars to 30 bars.