INVITE-ONLY SCRIPT

Tradocate Pivot

18
Smart Pivot Levels • Clean Candle Breakouts • Dashboard

This script combines multi-timeframe pivot levels, clean candle-based breakouts, and an integrated signal dashboard to help traders identify high-probability trend continuation setups.

It is built around the Main Pivot (P) — also referred to as the midlevel — and enhances it with breakout logic, trailing candle stops, and customizable filters.

🔍 Core Features
1️⃣ Dynamic Pivot Levels (Traditional / Fibonacci / Camarilla / Woodie / etc.)


- Automatically detects and updates pivot levels across any timeframe

- Supports Daily, Weekly, Monthly, Quarterly, and custom long-term anchors

- Option to use Daily-based pivots even on intraday charts

2️⃣ Midline (Main Pivot)

The script extracts and plots the P pivot for quick trend bias detection:

- Price > P → Bullish bias

- Price < P → Bearish bias

Also includes:

- Midline label that updates in real time

- Optional ±10 ticks zone for scalpers

- Shaded neutral zone for breakout clarity

3️⃣ Clean Candle-Based Breakout System

The strategy looks for a strong candle forming above/below the midline, then confirms a breakout when price exceeds that candle’s high/low:

Bullish breakout:

- Strong bearish candle flips into a reversal

- Clean break above previous candle high

- Confirms continuation above midline

Bearish breakout:

- Strong bullish candle flips into a reversal

- Clean break below previous candle low

- Confirms downside continuation

This avoids messy signals during chop and focuses on quality breakouts only.

4️⃣ Dashboard Status Panel

A simple real-time display showing:

- BUY BRO / SELL BRO sentiment (based on midline)

- RSI reading (with color-coded conditions)

Great for quick visual confirmation when scanning multiple charts.


🎯 Who This Script Is For

Perfect for:


- Intraday futures traders (FCPO, NQ, ES, Gold, FX, Crypto)

- Swing traders using higher-timeframe pivots

- Scalpers using ±10 tick offset zones

- Traders wanting clear, clean breakout confirmation instead of noisy signals

⚠️ Notes

For realistic backtesting, use barmerge.lookahead_off mode

Pivots update only when the anchor timeframe resets (daily, weekly, etc.)

This system works best in trending conditions; avoid high-chop environments

⭐ If you find this useful

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.