For my second share, I give you some levels I look at everyday for the ES minis. HLC/3 of the MTF (multi-time-frame) inputs = mean and Fib-levels formed as support and resistance zones. There are some websites that will show you 20 ways to figure out a pivot for the day's intraday workings, and this one always rang true for me. I keep it set at Res=D and Len=3or5 and use on hourly charts. This indicator is capable of doing like a Res=60m Len=8 for a 5m chart or something of that nature if you wish to test it out.
I haven't tested it out for tick charts and I have noticed that this is good on index and commodity futures, and not so much other things.
Uncanny to me how well this works as reversal awareness for ES. Doesn't mean that one will happen, or if it does that it will have trade-able juice, though it is very important awareness never-the-less. http://screencast.com/t/4aPAkFE8ep5
Can you please tell the formula for the mean calculation?
HammondB3
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@Gybb54566, sure, if you look in the provided code you will see a variable named "piv". That's it.
Dhnella77
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its repainting please provide me no repaint indicator 9619226218
HammondB3
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@Dhnella77, first I note that I left this one open source so people can edit it to spec as they wish.
You can see that I have indexed the close, high, and low as '1 bar ago', and that IS the anti-repaint code as it doesn't use any current bar info, and I have no repaint issues when I use it.
Can you give an example of when it "repainted"? Is it happening in the off times overnight or something?
JerHong
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Hi Hammond: Welcome to TradingView! Many thanks for sharing and look forward to many more great B3 stuff from you.