IPB_PBOThis indicator is called Indian Pivot Boss _ Pivot Based Oscillator.
This is an oscillator based on pivot level of each candle. It is based on the concept outlined in the Secrets of Pivot Boss book.
It is the average of mutual differences between fast moving average, medium moving average and slow moving average of the candle pivots. This is then plotted as an oscillator.
When Pivot based oscillator is sloping upwards, it is suggested NOT TO STAY ON THE SHORT SIDE. Staying long side or Keeping quiet are the desirable options.
When Pivot based oscillator is sloping downwards, it is suggested NOT TO STAY ON THE LONG SIDE. Staying short side or Keeping quiet are the desirable options.
This indicator has to be used in conjunction with other indicators and should not be relied on a solo basis.
Pivot Points
Auto Round levels by Script051This indicator is designed to show psychological levels/round levels.
The difference between this version and the others is that :
It will automatically show round levels for each symbol you select without having to enter "tick value" manually.
Settings
Gap : If the value is equal to zero, the round levels will be found automatically, but if you change the value, the gap between the lines will be adjusted based on the value you specified.
X2 and /2 : doubles or halves the distance between round lines
Number of lines : Specifies the number of lines to be displayed
Customizable Pivot Support/Resistance Zones [MyTradingCoder]This script uses the standard pivot-high/pivot-low built-in methods to identify pivot points on the chart as a base calculation for the zones. Rather than displaying basic lines, it displays a zone from the original pivot point to the closest part of the available body on the same candle. The script comes in handy by utilizing Pinescripts available input.source() function to allow for an external indicators output value to be used within the indicator. Make sure to read all of the TOOLTIPS in the indicator settings menu to get a full understanding of what each setting does, and how it can affect the results that end up on the chart.
By enabling the custom filter in the indicator settings, you will notice you have the ability to filter out zones using an external indicator such as an RSI. Maybe you only want zones to be calculated/drawn when the RSI is overbought or oversold, or maybe you only want the zones to calculate/draw if the Supertrend is green or red. The list of possible filters that you can implement is too many to count. Feel free to play around with the indicator however you like, and configure something that you find to be the most useful for your trading.
On top of everything listed above, the indicator has pre-programmed built-in alertconditions so that you can potentially automate trading, or get a notification to your cell phone when a zone is being touched/broken.
CHS Zig ZagCHS ZigZag stands for Changeable Source ZigZag
The original ZigZag indicator offered by TradingView doesn't have the ability to measure the tips and troughs based on closing prices (line chart), however, this indicator is capable of receiving an input from user that determines the price source used for further calculations.
The default inputs of the original ZigZag indicator have been also changed in order to make it adapt to pivots formed on line chart but users can change arbitrarily.
IPB_JPMUPS_2022Introduction :
This indicator serves two purposes
a) It is a multi dimensional floor pivot indicator, which takes its concepts from Secrets of Pivot Boss book of Frank Ochoa. Most of the indicators suggested in the book are packed in one indicator.
b) It also has an inbuilt intraday strategy which identifies trend, direction and momentum based on CPR (Central Pivot Range) concepts and accordingly comes up with trading signals.
How this indicator is different from the published ones :
A). Role as an indicator
This indicator has all the CPR (Central Pivot Range) indicators packed together which provides a ready made solution for CPR based trading. The following are the salient features of this indicator :
1) This indicator plots daily CPR using previous day high, low and close. It also plots Support and Resistance levels based on floor pivots formula.
Moreover, it also plots developing CPR which is based on current day's high, low and close. Apart from that it also plots CPR for next day session as well which is useful for EOD analysis.
2) This indicator plots weekly CPR using previous week high, low and close. It also plots developing CPR which is based on current week's high, low and close.
3) This indicator plots monthly CPR using previous month high, low and close. It also plots developing CPR which is based on current month's high, low and close.
4) This indicator plots pivot EMA which is called PEMA. It uses three different EMAs which are customisable and uses them to plot a moving average web based on pivot points of each candle, which is called as PEMA. This also facilitates PEMA plotting for higher time frame (daily time frame) as well.
5) This indicator plots daily time frame moving average in intraday chart which can be used as a key zone during trading. The period is customisable.
B) Role as a strategy
This indicator also functions as an intraday trading strategy called JPMUPS (JP stands for author's nickname. MUPS stands for Manoj Ultimate Pivot Strategy). This strategy attempts to identify trend, direction and momentum and when all these three align together it gives buy and sell signals. The concepts are as under:
Trend identification :
Whenever a trend is established, the developing CPR starts to widen. Hence this strategy uses the width of the developing CPR and compares it with the MA of the width to identify the trend. If the width of the developing CPR crosses the 34 period MA (can be customised), it assumes a trend is developing.
Direction identification:
Whenever a direction is established, the CPR components, namely BC and TC shifts its position. Hence this strategy uses this concept to identify the direction. It computes MACD sort of histogram of the BC and TC difference and whenever the histogram slops upwards, it assumes bullish direction and vice versa.
Momentum identification :
Whenever momentum is established, the developing CPR starts sloping upwards. Hence this strategy uses this concept to identify the momentum. It computes RSI of the developing CPR and if the RSI is above the 34 period MA (can be customised) of RSI , it assumes momentum is establishing and vice versa.
When all the above are aligned together, it gives buy or sell signals suitably.
How to use it :
a) Indicator usage :
1) CPR zones are key zones which predominantly acts as support and resistance zones. Looking at the price action at these zones, one can look for trading opportunities in live market.
2) Developing CPR acts as pull back zones and is very useful in live trading and also EOD analysis for spotting opportunities by combining price action.
b) Strategy usage :
1). Strategy signals are only indicative. Users are strongly advised not to use the strategy blindly. Users are advised to go though the CPR concepts thoroughly and use this strategy signals only as a supplement for further decision making / analysis.
Markets meant for :
1). This indicator and Strategy is predominantly designed for I ndian stock markets . However it can be customised for other markets as well by changing the timings of the markets in the parameters.
Market conditions meant for :
1). This indicator is meant for all types of market conditions as its predominant role is to plot the key support and resistance zones using CPR concepts.
2). The strategy is mainly found to be effective in trending markets and predominantly indices like Nifty and Bank Nifty . Hence Users are advised to use this only as an indicative feature and not blindly trade based on signals. The strategy is found to be less effective in lower time frames like 1min / 3min, etc. 15 min time frame provides fair performance. However it doesnt mean that it will continue to perform in the same manner in the future.
Nabz-BBMACD-2022-V1.1I have tried to make script which triggers indicators on combination of different feedback including Bollinger bands and MACD. Also used some of my logic by trial and error, It gave 744%+ profit on back-testing on coin RUNE/USDT from Jan 2021. It is my first script, I am happy to help the community. Please share your feedback.
Swing Points & FVGClassic ITH/ITL
Intermediate Term High - High that has short term high on either of it's side.
Intermediate Term Low - Low that has short term low on either of it's side.
FVG
The indicator also marks Fair Value Gaps which is a very important concept in price action trading. FVGs are formed when there is ineffeciency,or imbalance, in the market.
Rebalanced ITH/ITL
Rebalanced ITH - A short term high that rebalanced the ineffeciency in price can be considered as an Intermediate Term High.
Rebalanced ITL - A short term low that rebalanced the ineffeciency in price can be considered as an Intermediate Term Low.
Use the ITH and ITL points marked by the indicator to determine the structure of the market.
Indicator repaints only when it tries to identify the latest ITH/ITL.
ViVen - EXP - Signals with AlertsHi Friends,
Here the trading made easy with Signals...
The main purpose of this indicator is to identify the Support and Resistance levels well in advance to make ourselves ready for the Entries with confidence..
With this indicator we will be able to identify the Market Structure and Trend to initiate our trades.
Multi Timeframe Concepts are considered in some cases to capture the Golden Zones.
Details of the Indicator:
Method of Trading – Intraday, Positional or Swing – Indices, Stocks and Commodity Markets
Golden Zones : When two or more indicator levels are confluences at one price point which will act as Strong Support and Resistance in the Market. That is called Golden Zone.
CPR & Pivot (Daily / Weekly / Monthly) – Based on the previous Timeframe values, it will automatically calculates the Support and Resistance values for the upcoming Sessions.
BUY / SELL Levels (W-Refers the Weekly levels) – Possible Reversal in the market we can expect at this price level. Depends on the Time frame (Daily/Weekly)
Bull BO / Bear BO (W-Refers the Weekly levels) – Possible Breakout level, If breakout happens price will move to reach the Target 1 and 2 Points based on which side the price breaks ( BULLISH / BEARISH ). We can initiate our BUY/SELL Entries.
Target 1 & Target 2 – Once the Price breaks the Breakout (Bull BO / Bear BO) levels, it will try to reach the Target Points where we can book our profits.
Tomorrow Levels - This will help us to enable the next day trading session Support and Resistance Levels in advance to do pre-analysis to prepare for the Entry and Exits.
Colored Candles : Lime Green and Violet colored candles will indicate the Possible Trend Reversals.
Triangles : Orange and Violet triangles will indicate the Confirmation of Trend Reversal.
BUY / SELL Signal – Considering the momentum and the Trend change it will suggest the possible entry time.
Dashboard :
1. Weekly Trend : This will indicate how the current week trend is going to be – Trending / Sideways
2. Today – Current Session expectation in the Market ( Bullish / Bearish )
3. Sentiment – Indicates the Traders mind set (Positive/Negative Side)
4. Range - This will indicate how the current Day trend is going to be – Trending / Sideways
5. MB / MA Trend – This identifies the major trend (Is the Stock / script in Up Trend or Down Trend)
6. Other Parameters – Will indicates the present situation in the market
7. RSI Values – This is to know and understand the momentum of the particular script
Levels Name Explanations:
1. DPP – Daily Pivot Point
2. WPP – Weekly Pivot Point
3. WTC – Weekly Top Central Pivot
4. WBC – Weekly Bottom Central Pivot
5. PDH – Previous Day High
6. PDL – Previous Day Low
7. PWH – Previous Week High
8. PWL – Previous Week Low
9. PMH – Previous Month High
10. PML - Previous Month Low
11. WR1, WR2 – Weekly Resistance Levels 1 & 2
12. WS1, WS2 – Weekly Support 1 & 2
13. 5m 200 EMA – 5 Minutes 200 Period Exponential Moving Average
14. 15m 200 EMA – 15 Minutes 200 Period Exponential Moving Average
15. 1H 200 EMA – 1 Hour 200 Period Exponential Moving Average
16. 1H 200 SMA – 1 Hour 100 Period Simple Moving Average
17. 1D 200 EMA – Daily TF 100 Period Exponential Moving Average
Settings:
To turn ON and OFF any of these levels if it does not require, Go to Indicator Settings and disable the specific levels.
Alerts:
You can enable the Buy / Sell signal Alerts by creating new alert.
To Access the Indicator:
If you want to know more about the indicator & to access for your trading please check the link in the signature below.
If you have any doubts please mention it in the comment section.
Looking forward your valuable comments and feedbacks to improve further in accuracy of our Trading.
Thanks!!
Pre Market \ Opening Range High LowGreen vertical lines are showing pre market open and then the opening range as the first hour of market NYSE market open
Pre market high and low are blue lines | intraday opening range high low are in white
Trades are taken in the current direction above | below range breaks with the direction of price action using the moving averages
Price breaking through moving averages and a range is the optimal trade to enter - exit at next range for target - stop loss below the lower | higher moving average depending on short or long
A break above or below the intraday high or low and pre market high or low can give massive profits trailing your stop loss as price runs
Using MA 5 and 12 to filter out entries and exits above or below the ranges short or long is also another strategy to implement
BEST TIME FRAME TO USE IS 5 MINUTE
Price Pivots for NSE Index & F&O StocksPrice Pivots for NSE Index & F&O Stocks
What is this Indicator?
• This indicator calculates the price range a Stock or Index can move in a Day, Week or Month.
Advantages of this Indicator
• This is a Leading indicator, not Dynamic or Repaint.
• Helps to identify the tight range of price movement.
• Can easily identify the Options strike price.
• The levels are more reliable and authentic than Gann Square of 9 Levels.
• Develops a discipline in placing Targets.
Disadvantages of this Indicator
• The indicator is specifically made for National Stock Exchange of India (NSE) listed index and stocks.
• The indicator is calculated only for index NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY and Stocks listed in Futures and Options.
• The indicator shows nothing for other indexes and stocks other than above mentioned.
• The data need to be entered manually.
• The data need to be updated manually when the F&O listed stocks are updated.
Who to use?
Highly beneficial for Day Traders, it can be used for Swing and Positions as well.
What timeframe to use?
• Any timeframe.
• The highlighted levels in Red and Green will not show correct levels in 1 minute timeframe.
• 5min is recommended for Day Traders.
When to use?
• Wait for proper swing to form.
• Recommended to avoid 1st 1 hour or market open, that is 9.15am to 10.15 or 10.30am.
• Within this time a proper swing will be formed.
How to use?
Entry
• Enter when the Price reach closer to the Blue line.
• Enter Long when the Price takes a pullback or breakout at the Red lines.
Exit
• Exit position when the Price reach closer to the Red lines in Long positions.
What are the Lines?
Gray Lines:
• Every lines with price labels are the Strike Prices in the Option Chain from NSE website.
• Price moves from 1 Strike Price level to another.
• The dashed lines are average levels of 2 Strike Prices.
Red & Green Lines:
• The Red and Green Lines will appear only after the first 1 hour.
• The levels are calculated based on the 1st 1 hour.
• Red Lines are important Resistance levels, these are strong Bearish reversal points. It is also a breakout level, this need to be figured out from the past levels, trend, percentage change and consolidation.
• Green Lines are important Support levels, these are strong Bullish reversal points. It is also a breakdown level, this need to be figured out from the past levels, trend, percentage change and consolidation.
What are the Labels?
• First Number: Price of that level.
• Numbers in (): Percentage change and Change of price from LTP(Last Traded Price) to that Level.
How to use?
Entry:
• Enter when price is closer to the Red or Green lines.
• Enter after considering previous Swing and Trend.
• Note the 50% of previous Swing.
• Enter Short when price reverse from each level.
• If 50% of swing and the pivot level is closer it can be a good entry.
Exit:
• Use the logic of Entry, each level can be a target.
• Exit when price is closer to the Red or Green lines.
Indicator Menu
Source
• Custom: Enter the price manually after choosing the Source as Custom to show the Pivots at that price.
• LTP: Pivot is calculated based on Last Traded Price.
• Day Open: Pivot is calculated based on current day opening price.
• PD Close: Pivot is calculated based on previous day closing price.
• PD HL2: Pivot is calculated based on previous day average of High and Low.
• PD HLC3: Pivot is calculated based on previous day average of High, Low and Close.
"Time (IST) (Vertical)"
• This is a marker of every 1 hour.
• Usually major price movement happen between previous day last 1 hour (2:15 pm) to today first 1 hour (10:15 pm).
• Two swings can happen between first 2 hour of current day.
• At the end of the day last 1 hour from 2.15 pm another important movement will happen.
• Usually rest of the time won't show any interesting movement.
To the Users
• Certain symbols may show the levels as a single line. For such symbols choose a different Source or Timeframe from the indicator menu.
• Please inform if any of the Symbol's price levels don't react to the pivots, include the Symbol a well.
• Also inform if you notice any wrong values, errors or abnormal behavior in the indicator.
• Feel free to suggest or adding new features and options.
General Tips
• It is good if Stock trend is same as that of NIFTY trend.
• Lots of indicators creates lots of confusion.
• Keep the chart simple and clean.
• Buy Low and Sell High.
• Master averages or 50%.
• Previous Swing High and Swing Low are crucial.
CamPivot + Ichimoku IrvineCamPivot + Ichimoku Irvine CamPivot + Ichimoku IrvineCamPivot + Ichimoku Irvine
Fibonacci Pivot Points UltimateA better version of the Fibonacci Pivot Points . I added 100, 138, 161 and 200 support/resistance pivots , lookback function and now you can use daily/weekly/monthly/yearly fibonacci pivot points .
Pivot Points Standard M, W, D (Monthly, Weekly & Daily)This script is based on Pivot Point Standard and is intended for educational purposes only.
"Pivot points are a technical indicator that is used to determine the levels at which price may face support or resistance.
Pivot Points indicator consists of a Pivot (P) level, several support (S) and several resistance (R)."
You can view the Daily timeframe - support/resistance.
You can view the Weekly timeframe - support/resistance.
You can view the Monthly timeframe - support/resistance.
Options to choose "Traditional" or "Fibonacci" or "Woodie" or "Classic" or "DM" or "Camarilla"
Options to choose historical pivots (Number of Pivots Back)
This tool can be handy in any trading process from short-long term trades or timeframes, multiple timeframe analysis, trend trades, swing trades, position trades, and momentum trades.
Credits
Credits to TradingView for original built-in source code
Support and Resistance Multiperiod (Zig Zag Based)Support and Resistance Multiperiod (Zig Zag Based)
What is the indicator?
• The indicator is a multi period (up to 5 lengths) Support and Resistance indicator calculated based on Zig Zag.
Who can use?
Scalpers to Long term investors
What timeframe to use?
• Any timeframe
What are the lines?
• Green lines are Support levels.
• Orange lines are Resistance levels.
How to use?
• Buy Low and Sell High.
• Brighter zones means strong Support or Resistance.
• Weaker zones appear lighter.
• Brighter zones are formed by overlapping of lines from multiple levels of support or resistance.
Indicator Menu
• The indicator can input 5 different Lengths.
• The default settings uses 13, 21, 52, 100 & 200.
• Every option are customizable.
Waddah Attar Weekly Camarilla Pivots [Loxx]Waddah Attar Weekly Camarilla Pivots is an indicator built by Ahmad Waddah Attar that draws weekly Camarilla over lower timeframes.
What are Camarilla pivots?
Camarilla Pivot Points is a math-based price action analysis tool that generates potential intraday support and resistance levels. Similar to classic pivot points, it uses the previous day's high price, low price, and closing price.
Camarilla Pivot Points is a modified version of the classic Pivot Point. Camarilla Pivot Points were introduced in 1989 by Nick Scott, a successful bond trader. The basic idea behind Camarilla Pivot Points is that price has a tendency to revert to its mean until it doesn’t. What makes it different than the classic pivot point formula is the use of Fibonacci numbers in its calculation of pivot levels. Camarilla Pivot Points is a math-based price action analysis tool that generates potential intraday support and resistance levels.
Details
-Used for intraday trading to identify support/resistance levels
-Restricted to timeframes 4 hours and below
-Unlike most versions of Weekly Camarilla Pivots, this version allows you to customize the Fibonacci levels
Pivot Points Standard Higher Timeframe█ OVERVIEW
This indicator was intended as educational purpose only and alternative way to write pine script in version 5 for Pivot Points Standard.
█ CREDITS
Credits to TradingView for original built-in source code.
█ FEATURES
Display price or percentage.
Change color for labels and lines.
█ USAGE EXAMPLES
DayTrader Multi-Strategy LevelsThe goal of this script is to provider Day Traders with key levels and multiple popular trading strategies right at market open . This includes 5 of the most popular key levels / scalping strategies:
Custom Moving Averages (can be tweaked to length, source, and interval)
Average Daily Range (based on Average Daily Zones using Low, Mid, and High Ranges)
Opening Range Strategy (based on customizing Opening Range and Distances for Profit Taking)
Pivot Points (default calculations for intra-day pivots with a custom bolded pivot for a longer timeframe )
Psych Level (customizable, default rounds to nearest whole Ten for up/low side)
Prior Day level s (defaults for close + low)
The best way to utilize this script is to go into the settings and show/hide the strategies you would like to use for day trading. By having all on (the default) you can spot confluence levels more easily where multiple levels all align. This can help identify key intra-day support or resistance zones.
A recommended method for using this script is to base trades on delta targets; the distance (share price) between key levels. For example, if the distance from the mid-ADR to the ORL (opening range low) is 1.5, we can multiple the delta of an ATM contract by 1.5 to get our expect premium to take profit at.
By default, the opening range is set to cover the first 30minutes of trading, but those settings can be tweaked to your preference.
Example:
Relative Strength Index - Divergences - LibertusHello all,
To ease everyone's trading experience I made this script which colors RSI overbought and oversold conditions and as a bonus displays bullish or bearish divergences in last 50 candles (by default, you can change it).
Script is open source, part of code is from Trading View examples. If you have suggestions or you already made some improvements, please report in comment.
Happy trading and good luck!
TL - VR Pivot PointsPivot Points with mid levels used in the VR Piv Strat.
Pivots are calculated using the following formula:
R3: R1 + (High-Low)
R2: Pivot + (High-Low)
R1: 2 * Pivot - Low
Pivot: (High + Low + Close)/3
S1: 2 * Pivot - High
S2: Pivot - (High - Low)
S3: S1 - (High - Low)
Real IndicatorReal indicator is an indicator to convert ohlcv charts to one oscilator!
there is an effective thing in all charts: "Volume", and I used this thing to mix it by price
Buy: on crossing above to Bollinger-lower-band (on Up-trends)
Sell: on crossing under Bollinger-upper-band (on Down-Trends)
use an SMA-200 to determine trends ;)
Steven Primo's bollinger bands strategyHi, this strategy is taken from a video made by Steven Primo. You can look it up on YouTube if you want to know about it.
It is a mean-reversion strategy based on the Bollinger Bands, in which we wait for 5 consecutive closes above the upper band, and for a short-term top. Once it happens, we place an entry order on this top, with a stop at the nearest bottom before the movement started, and use the difference from the stop and entry point to determine the target. For shorting, it's the same process, but for the downside. From my testing, only long orders were profitable, but you can configure whichever you want.
It works well for directional markets with a low level of noise, as you can see with the BTCUSD chart. One of its caveats is the short number of occurrences, and the long stop loss and target. You can enable a trailing stop, but from my testings, it just made the results worse.
I made some modifications, like removing the MA requirement, since the entry point was above it almost all the time, and I forced the BB to use a log version of the prices, so that discrepancies are eliminated. You'll also notice that you can't select an extension that is lower than 100, and that is intentional, since you're not supposed to enter a trade in which you can lose more than what you can earn.
I chose not to implement any kind of risk management, but I might do that in the future. You can leave your suggestions in the comments.
Resistance/Support Indicator - FontiramisuIndicator showing resistances and support, based on pivots location
When a new pivot location is near from a resistance/support the latter gains weight.
You can modify multiple parameters :
Nb Max res/sup : Define the number max res/sup to keep in our res/sup history array. The greater it is the older bar index will be taken.
Nb show res/sup : Define the number of res/sup to be drawn.
Min weight shown : Define min res/sup weight to be shown. Weight is used to measure strengh of res/sup.
% range stack : Define price percentage change required to stack a pivot into an existing res/sup. Default is 0.015 = 1.5%.
Pivots are calculated with deviation parameter to validate with more precision.
Fontilab Library is used to code this indicator.
Trend Indicator (dow trending) - FontiramisuIndicator showing pivots and interpret a trend out of it.
Pivots are calculating with deviation parameter to validate with more precision.
Trending moves are calculated according to Dow Theory :
In an uptrend, if the price made a new high, the price must make a new high to confirm the trend, otherwise, it might signal a possible change in the trend.
In an uptrend, if the price made a new low, the price must make a new low to confirm the trend, otherwise, it might signal a possible change in the trend.
The indicator can show 2 trends with 2 different "Pivot Depth"
See indicator parameters.
Tab is display at the bottom right corner to show trend direction and if it is hesitating
Fontilab Library is used to code this indicator
Pivoting PivotMany people use Pivots when conducting analysis, but I don't see many people using pivoting pivots. Pivoting pivots are pivots that don't have any other pivots around them. They can be useful when trying to separate pivot clusters from important pivot points.
The code is calculated by finding the distance between two candlesticks (left check), then calculating the distance between the last pivot and the current candlestick.
On the chart: labels are TradingView's official pivot high and pivot low script, and the blue candle color is my pivoting pivots (both with a look left and look right of 2).
Special thanks to @fikira for helping me with ideas for the calculations!
