ChrisMoody

CM Pivot Bands V1

CM_Pivot Bands V1

Special Thanks to Michael S for Introducing Code.

Instead of a Long Write Up I Recorded A Video Going Into Detail On V1 Of This Indicator. Please View To See My Initial Findings, My Thoughts For V2, And Items I Need YOUR Help With!!!

In Inputs Tab Indicator Has Ability to Turn On/Off Multiple TimeFrames…Thought Process Explained In Video.

Link To Video:
http://vimeopro.com/user32804960/tradingview-indicators

Link To PDF Mentioned In Video:
http://d.pr/f/1edXy
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//Created by ChrisMoody 11/11/2014 
//Current Timeframe, Daily, Weekly, Monthly Pivot Bands
//Special Thanks to Michael S. For Providing Original Code.
study(title="CM_Pivot Bands V1", shorttitle="CM_PivotBands_V1", overlay=true)
lengthMA=input(7, title="EMA Length To Calculate Bands")
sc = input(true, title="Show Current Chart Timeframe Pivot Bands?")
sd = input(false, title="Show Daily Pivot Bands?")
sw = input(false, title="Show Weekly Pivot Bands?")
sm = input(false, title="Show Monthly Pivot Bands?")

PP = (high + low  + close)/ 3
PPEMA = ema(PP, lengthMA)
HP1 = (PP + (PP-low))
LP1 = (PP - (high-PP))
HP2 = (PP + 2*(PP-low))
LP2 = (PP - 2*(high-PP))

// PPD71 = Difference from HP1 and LP1 for the last 7 days
PPD71 = (((HP1-LP1)+(HP1[1]-LP1[1])+(HP1[2]-LP1[2])+(HP1[3]-LP1[3])+(HP1[4]-LP1[4])+(HP1[5]-LP1[5])+(HP1[6]-LP1[6]))/7)
// PPD72 = Difference from HP2 and LP2 for the last 7 days
PPD72 = (((HP2-LP2)+(HP2[1]-LP2[1])+(HP2[2]-LP2[2])+(HP2[3]-LP2[3])+(HP2[4]-LP2[4])+(HP2[5]-LP2[5])+(HP2[6]-LP2 [6]))/7)

r1 = PPEMA + PPD71
s1 = PPEMA - PPD71
r2 = PPEMA + PPD72
s2 = PPEMA - PPD72

plot(sc and PPEMA ? PPEMA : na, title="Current Timeframe Pivot Point ", style=linebr, linewidth=2, color=fuchsia)
p1=plot(sc and r1 ? r1 : na,   title="Current Timeframe R1", style=linebr, linewidth=2, color=#DC143C)
p2=plot(sc and s1 ? s1 : na, title="Current Timeframe S1", style=linebr, linewidth=2, color=lime)
p3=plot(sc and r2 ? r2 : na, title="Current Timeframe R2", style=linebr, linewidth=2, color=maroon)
p4=plot(sc and s2 ? s2 : na, title="Current Timeframe S2", style=linebr, linewidth=2, color=#228B22)
fill(p1, p3, color=red, transp = 85)
fill(p2, p4, color=lime, transp = 85)

//Daily Pivot Bands
d_PPEMA = security(tickerid, 'D', PPEMA) 
d_r1 = security(tickerid, 'D', r1) 
d_s1 = security(tickerid, 'D', s1) 
d_r2 = security(tickerid, 'D', r2) 
d_s2 = security(tickerid, 'D', s2)

plot(sd and d_PPEMA ? d_PPEMA : na, title="Daily Pivot Point ", style=circles, linewidth=2, color=fuchsia)
p11=plot(sd and d_r1 ? d_r1 : na,   title="Daily R1", style=circles, linewidth=2, color=#DC143C)
p12=plot(sd and d_s1 ? d_s1 : na, title="Daily S1", style=circles, linewidth=2, color=lime)
p13=plot(sd and d_r2 ? d_r2 : na, title="Daily R2", style=circles, linewidth=2, color=maroon)
p14=plot(sd and d_s2 ? d_s2 : na, title="Daily S2", style=circles, linewidth=2, color=#228B22)
fill(p11, p13, color=red, transp = 80)
fill(p12, p14, color=lime, transp = 80)

//Weekly Pivot Bands
w_PPEMA = security(tickerid, 'W', PPEMA) 
w_r1 = security(tickerid, 'W', r1) 
w_s1 = security(tickerid, 'W', s1) 
w_r2 = security(tickerid, 'W', r2) 
w_s2 = security(tickerid, 'W', s2)

plot(sw and w_PPEMA ? w_PPEMA : na, title="Weekly Pivot Point ", style=linebr, linewidth=4, color=fuchsia)
p21=plot(sw and w_r1 ? w_r1 : na,   title="Weekly R1", style=linebr, linewidth=4, color=#DC143C)
p22=plot(sw and w_s1 ? w_s1 : na, title="Weekly S1", style=linebr, linewidth=4, color=lime)
p23=plot(sw and w_r2 ? w_r2 : na, title="Weekly R2", style=linebr, linewidth=4, color=maroon)
p24=plot(sw and w_s2 ? w_s2 : na, title="Weekly S2", style=linebr, linewidth=4, color=#228B22)
fill(p21, p23, color=red, transp = 75)
fill(p22, p24, color=lime, transp = 75)

//Weekly Pivot Bands
M_PPEMA = security(tickerid, 'M', PPEMA) 
M_r1 = security(tickerid, 'M', r1) 
M_s1 = security(tickerid, 'M', s1) 
M_r2 = security(tickerid, 'M', r2) 
M_s2 = security(tickerid, 'M', s2)

plot(sm and w_PPEMA ? M_PPEMA : na, title="Monthly Pivot Point ", style=cross, linewidth=4, color=fuchsia)
p31=plot(sm and M_r1 ? M_r1 : na,   title="Monthly R1", style=cross, linewidth=4, color=#DC143C)
p32=plot(sm and M_s1 ? M_s1 : na, title="Monthly S1", style=cross, linewidth=4, color=lime)
p33=plot(sm and M_r2 ? M_r2 : na, title="Monthly R2", style=cross, linewidth=4, color=maroon)
p34=plot(sm and M_s2 ? M_s2 : na, title="Monthly S2", style=cross, linewidth=4, color=#228B22)
fill(p31, p33, color=red, transp = 70)
fill(p32, p34, color=lime, transp = 70)
pippopper PRO
2 years ago
Thanks for the video.. these ideas look like something good in the making...
Reply
ChrisMoody PRO pippopper
2 years ago
No problem...Thanks
Reply
Alphaoptions
2 years ago
Looks awesome. I just wanted to say that I like the way you are showing us to see this evolve through the various versions. It helps us to learn and it avoid having to wait for everything to be absolutely perfect before posting. Great leadership!
Reply
ChrisMoody PRO Alphaoptions
2 years ago
Ha...Ha...I promise you before a completed Final Version of any script that isn't an exact copy of something else....any coder goes through about 100 variations. This is not a copied script per se. We just had a vague code....Once plotted we start to see tendencies on how price acts with the Indicator....Then over time we can take it all the way to a complete trading system with 100% Rules Based Methodologies. It's a work in progress.
Reply
Algyros PRO
2 years ago
Move over Santa Claus. Chris Moody has more goodies than you and he's at least as generous with them, if not more.
+1 Reply
ChrisMoody PRO Algyros
2 years ago
As always...Thanks!!!!
Reply
This is much more insightful than I envisioned Chris. Thanks for another crystal ball.
Reply
ChrisMoody PRO StockSwinger
2 years ago
No Problem...Glad you like it....
Reply
fran2k
2 years ago
Great one, thanks, Im testing it!
Reply
ChrisMoody PRO fran2k
2 years ago
Glad you like it...
Reply
By the way...I couldn't find it when I created the video and this post...But StockSwinger deserves the credit for providing the original code.
Reply
MaxSas
2 years ago
Thanx .. May i have this indicator for download ?
Reply
ChrisMoody PRO MaxSas
2 years ago
All Indicators posted on TradingView are free for you to have access to.

Watch the 2nd video titled Importing Custom Indicators.
Reply
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