[Pivots Consolidation Breakout Screener] with Alerts (TSO) This is a pivots consolidation screener indicator, with ability to choose up to 12 different symbols/instruments with alert to be notified when consolidation happens on either one with the new pivots formation (new R3(inner resistance) pivot formed below previous one and new S3(inner support) pivot formed above previous one). Once the alert on a certain symbol/instrument is received - there is an ability to set a Breakout alert for the consolidated symbol/instrument.
This is a very powerful strategy, which doesn't happen often, but when happens - it often causes big moves after a breakout!
NOTE: Every calculation is done on a confirmed closed candle bar state, so the indicator will never repaint!
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Explanation of all the Features/Inputs/Settings
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>>> On the very top, please read the important NOTES/TIPs.
>>> Next section is where the desired symbols can be turned on/checked to be screened for consolidation - the selected/checked symbols at creation of a 'Any alert() function call' alert will alert on any of the selected/checked symbols. Also, once consolidation forms, until next pivots formation - it will show it on the "Consolidation Stats" table. Once alerted on a specific symbol for consolidation - manual alert - 'Consolidation BREAKOUT' - can be created (MUST be done on the actual symbol chart, Right-Click > Add Alert) to be notified when actual breakout takes place.
>>> Pivots Settings section is where a manual timeframe/length can be set for the pivots as by Default it uses "Daily" timeframe. So, if want to experiment with more signals, but less accurate - a smaller timeframe can be set for Pivots Timeframe with smaller chart timeframe.
>>> Final section is simply the "Consolidation Stats" table location.
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Adding Alerts in TradngView
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1) Consolidation alert(s) for the selected/checked symbols
- Select/check/find the desired symbols/instruments (when selecting symbols, make sure - they are from correct BROKER/SOURCE as pricing may differ between different brokers, causing confusion (under 1 broker/source, the symbol will be consolidated, under another it will not...))
-Right-click anywhere on any TradingView chart
-Click on Add alert
-Condition: Select this indicator by it’s name
-Immediately below, change it to "alert() function calls only"
-Expiration: Open-ended (that may require higher tier TradingView account, otherwise the alert will need to be occasionally re-triggered)
-Alert name: Whatever you desire
-Hit “Create”
-Note: If you change ANY Settings within the indicator – you must DELETE the current alert and create a new one per steps above, otherwise it will continue triggering alerts per old Settings!
* Once alert triggers, don't get confused, as it will show "Alert on SYMBOL", the SYMBOL will be where you created the major alert for all the symbols within the screener list! Within the alert, on the bottom, it will say: "EURUSD: Camarilla Pivots R3S3 Consolidation ALERT!" - this is where the correct symbol is for which the alert for consolidation was triggered!
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2) Consolidation BREAKOUT alert(s)
-Right-click anywhere on any TradingView chart
-For the actual symbol (which got consolidated), open the chart (make sure timeframe is the same as with which "Consolidation alert(s)" were created prior), then Right-Click on the chart > Add Alert
-Click on Add alert
-Condition: Select this indicator by it’s name
-Immediately below, change it to "Consolidation BREAKOUT1"
-Expiration: Open-ended (that may require higher tier TradingView account, otherwise the alert will need to be occasionally re-triggered)
-Alert name: Whatever you desire
-Hit “Create”
* It will alert when a breakout occurs in any direction - once you open the chart for the symbol/instrument for which alert has occurred - you can immediately see into which direction the breakout occured, it will be marked on the chart with green/red triangle.
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If you have any questions or issues with the indicator, please message me directly via TradingView.
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Good Luck! (NOTE: Trading is very risky, past performance is not necessarily indicative of future results, so please trade responsibly!)
Pivotstrategy
SRTL, 2EMA & TRAMASRTL - Support Resistance and Trend Line with Double EMA and TRAMA
The SRTL indicator is a powerful tool for technical analysis that seamlessly integrates support and resistance levels, trend lines, and moving average signals. It offers traders a comprehensive view of the market's dynamics, making it a valuable addition to any trading toolkit. Here's a concise summary of its key features and functionalities:
Key Features:
- Dynamic Support and Resistance Levels based on Pivot Points
- Trend Lines based on Recent Pivot Points
- Double Exponential Moving Averages (EMA) with adjustable lengths
- Trend Regularity Adaptive Moving Average (TRAMA) for trend identification
- Buy and Sell signals based on the crossover of EMAs
The indicator is composed of 4 main components:
1. Support and resistance levels: The indicator calculates support and resistance levels based on pivot points and a channel width parameter. These levels can be used to identify potential entry and exit points for trades. The script calculates and plots dynamic support and resistance levels based on pivot points. Users can adjust the period for calculating pivot points, loopback period, and S/R strength to customize the levels' sensitivity.
2. Trend Lines: The script identifies and plots trend lines based on recent pivot points. Users can customize the number of pivot points to consider and the start date to begin plotting the trend lines. The script identifies and plots trend lines based on recent pivot points. By adjusting the number of pivot points to consider and the start date, traders can visualize potential trends and assess the market's overall direction. This feature helps traders understand the prevailing market sentiment and make informed trading decisions.
3. Double Exponential Moving Averages (EMA): The script calculates and plots two Exponential Moving Averages (EMA) with customizable lengths. A crossover of these EMAs can be used as a signal for potential trend changes. The study calculates and displays two Exponential Moving Averages (EMA) with adjustable lengths. The crossover of these EMAs serves as a crucial signal for potential trend changes. When the faster EMA crosses above the slower EMA, a "Buy" signal is generated, and when the faster EMA crosses below the slower EMA, a "Sell" signal is generated.
4. Trend Regularity Adaptive Moving Average (TRAMA): The script calculates and plots the TRAMA, a unique adaptive moving average that helps identify trends and adapt to market conditions. The indicator includes the Trend Regularity Adaptive Moving Average (TRAMA), an adaptive moving average designed to identify trends and adapt to varying market conditions. TRAMA helps traders gauge the strength of a trend and provides valuable insights into potential trend reversals.
5. Signals: The script generates "Buy - Green" and "Sell- Red" signals based on the crossover of the two EMAs and Pivot Point Trend Levels. That Also Customizable.
How to Use:
The SRTL indicator is a powerful tool for technical analysis, offering multiple layers of information for traders. When the price approaches dynamic support or resistance levels, The dynamic support and resistance levels are based on pivot points and adjust to the market's current conditions. The trend lines help visualize potential trends and can be adjusted to show different numbers of pivot points. Additionally, the Double EMA and TRAMA lines provide further insight into the market's momentum and potential reversals. Traders can assess the potential for trend reversals or breakouts. The trend lines help visualize the market's prevailing direction, and the crossover of the Double EMA signals potential entry and exit points.
Traders should use this study as part of a broader trading strategy and combine it with other technical indicators, fundamental analysis, and risk management techniques. Additionally, it's essential to test the indicator thoroughly in a demo or back testing environment before applying it to live trading to ensure its compatibility with individual trading styles and preferences.
SuperTrend Enhanced Pivot Reversal - Strategy [PresentTrading]
- Introduction and How it is Different
The SuperTrend Enhanced Pivot Reversal is a unique approach to trading that combines the best of two worlds: the precision of pivot reversal points and the trend-following power of the SuperTrend indicator. This strategy is designed to provide traders with clear entry and exit points, while also filtering out potentially false signals using the SuperTrend indicator.
BTCUSDT 6hr
ETHBTC 6hr
Unlike traditional pivot reversal strategies, this approach uses the SuperTrend indicator as a filter. This means that it only takes trades that align with the overall trend, as determined by the SuperTrend indicator. This can help to reduce the number of false signals and improve the overall profitability of the strategy.
The Pivot Reversal Strategy with SuperTrend Filter is particularly well-suited to the cryptocurrency market for the reason of High Volatility. This means that prices can change rapidly in a very short time, making it possible to make a profit quickly. The strategy's use of pivot points allows traders to take advantage of these rapid price changes by identifying potential reversal points
- Strategy: How it Works
The strategy works by identifying pivot reversal points, which are points in the price chart where the price is likely to reverse. These points are identified using a combination of the ta.pivothigh and ta.pivotlow functions, which find the highest and lowest points in the price chart over a certain period.
Once a pivot reversal point is identified, the strategy checks the direction of the SuperTrend indicator. If the SuperTrend is positive (indicating an uptrend), the strategy will only take long trades. If the SuperTrend is negative (indicating a downtrend), the strategy will only take short trades.
The strategy also includes a stop loss level, which is set as a percentage of the entry price. This helps to limit potential losses if the price moves in the opposite direction to the trade.
- Trade Direction
The trade direction can be set to "Long", "Short", or "Both". This allows the trader to choose whether they want to take only long trades (buying low and selling high), only short trades (selling high and buying low), or both. This can be useful depending on the trader's view of the market and their risk tolerance.
- Usage
To use the Pivot Reversal Strategy with SuperTrend Filter, simply input the desired parameters into the script and apply it to the price chart of the asset you wish to trade. The strategy will then identify potential trade entry and exit points, which will be displayed on the price chart.
- Default Settings
The default settings for the strategy are as follows:
ATR Length: 5
Factor: 2.618
Trade Direction: Both
Stop Loss Level: 20%
Commission: 0.1%
Slippage: 1
Currency: USD
Each trade: 10% of account equity
Initial capital: $10,000
These settings can be adjusted to suit the trader's preferences and risk tolerance. Always remember to test any changes to the settings using historical data before applying them to live trades.
K's Pivot PointsPivot points are a popular technical analysis tool used by traders to identify potential levels of support and resistance in a given timeframe. Pivot points are derived from previous price action and are used to estimate potential price levels where an asset may experience a reversal, breakout, or significant price movement.
The calculation of pivot points involves a simple formula that takes into account the high, low, and close prices from the previous trading session or a specific period. The most commonly used pivot point calculation method is the "Standard" or "Classic" method. Here's the formula:
Pivot Point (P) = (High + Low + Close) / 3
In addition to the pivot point itself, several support and resistance levels are calculated based on the pivot point value.
K's Pivot Points try to enhance them by incorporating multiple elements and by applying a re-integration strategy to validate two events:
* Found_Support: This event represents a basing market that is bound to recover or at least shape a bounce.
* Found_Resistance: This event represents a toppish market that is bound to consolidate or at least shape a pause.
K's Pivot Points are calculated following these steps:
1. Calculate the highest of highs for the previous 24 periods (preferably hours).
2. Calculate the lowest of lows for the previous 24 periods (preferably hours).
3. Calculate a 24-period (preferably hours) moving average of the close price.
4. Calculate K's Pivot Point as the average between the three previous step.
5. To find the support, use this formula: Support = (Lowest K's pivot point of the last 12 periods * 2) - Step 1
6. To find the resistance, use this formula: Resistance = (Highest K's pivot point of the last 12 periods * 2) - Step 2
The re-integration strategy to find support and resistance areas is as follows:
* A support has been found if the market breaks the support and shapes a close above it afterwards.
* A resistance has been found if the market surpasses the resistance and shapes a close below it afterwards.
The lookback period (whether 24 and 12) can be modified but the default versions work well.
Trendline Pivots [QuantVue]Trendline Pivots
The Trend Line Pivot Indicator works by automatically drawing and recognizing downward trendlines originating from and connecting pivot highs or upward trendlines originating from and connecting pivot lows.
These trendlines serve as reference points of potential resistance and support within the market.
Once identified, the trend line will continue to be drawn and progress with price until one of two conditions is met: either the price closes(default setting) above or below the trend line, or the line reaches a user-defined maximum length.
If the price closes(default setting) above a down trend line or below an up trend line, an "x" is displayed, indicating the resistance or support has been broken. At the same time, the trend line transforms into a dashed format, enabling clear differentiation from active non-breached trend lines.
This indicator is fully customizable from line colors, pivot length, the number lines you wish to see on your chart and works on any time frame and any market.
Don't hesitate to reach out with any questions or concerns.
We hope you enjoy!
Cheers.
Trend Finder++ (by Alex L.)This indicator seeks for a short term trend within a bigger long term trend and displays both in a channel with an extension lines (optional).
Use of this indicator is quite simple: when the stock is near the trend line bottom (default RED) it can be a good time to buy and when the stock is near the trend line top (default GREEN) it can be a good time to sell.
What new ideas and cool stuff this indicator offers:
- 'Trend (Months)' -
Trend channels will always be displayed over the period: last 'X' months (regardless of the 'Time Interval' set in your chart)
This allows you to go into a larger or smaller resolution and still see the same trend lines!
- ' Trend (Bars)' -
Optional. You can choose to display the Trend channel based on bars instead of months.
This can be useful for advanced traders, or in case a security is new and there isn't even 1 month of data.
- 'Show long-term trend' -
Optional. Displays a larger 3rd (even more long-term) trend in addition to the two current trends.
This is for advanced traders who want to see an even more bigger picture. It is best viewed on a weekly time interval.
- Customizable channel size, channel colors and channel style.
- 'Extend lines' -
Optional (default: yes). Trend channels' can be displayed with extension or without using this option.
- Internal Feature -
When trend channel goes below zero (can happen if stock's price falls sharply) - its below-zero portion will be drawn as 'extension' instead.
This is useful if such occurs, and we're in an auto-scaled chart - the lines will take less space on screen (for cleaner view).
Based on an idea/indicator by @ DevLucem called "Linear Regression ++"
Open Source.
Enjoy!
Tradveller PivotA pivot strategy is a trading technique that involves identifying key price levels, called pivot points, where a financial instrument is likely to experience a change in direction. Pivot points serve as potential support and resistance levels, which can help traders make informed decisions on when to enter or exit positions, set stop-loss or take-profit orders, and gauge market sentiment.
The pivot point itself is calculated using the high, low, and closing prices of the previous trading period (usually daily, but it can be applied to any timeframe). Once the pivot point is determined, additional support and resistance levels can be calculated around it. There are several methods to calculate these levels, with the most common being the classic, Woodie's, Camarilla, and Fibonacci methods.
A pivot strategy usually involves the following steps:
Calculate the pivot point and support and resistance levels using one of the methods mentioned above.
Observe the market price action and identify if the price is trading above or below the pivot point. If the price is above the pivot point, it indicates bullish sentiment, while trading below the pivot point suggests bearish sentiment.
Use the support and resistance levels to identify potential entry and exit points. Traders might consider buying when the price approaches a support level and selling when it approaches a resistance level.
Set stop-loss orders and take-profit targets based on the calculated levels, ensuring proper risk management.
Pivot strategies can be used in various market conditions and timeframes, and they often work well in combination with other technical analysis tools and indicators. However, like any trading strategy, it's essential to use proper risk management techniques and understand that no strategy guarantees success in every trade.
AutoLevels3.0AutoLevels is a script based on the ATR ( Average True Range ) of price action over the past 14 days. It calculates those and includes Fibonacci Extensions to create Levels that are Automatically created each morning. These are not based on past price action but are well respected and easily show patterns throughout the day.
Levels are made up of a BULL BAR , a BEAR BAR ( Go long above Bull, short below Bear Bar ) and the various extensions beyond them. Common Liquidity areas are also highlighted as tan/yellow bars. These are common reversal and contention levels should price action approach them.
Also included are 4 EMAs that have been transformed into 2 separate EMA clouds. These clouds will change color when bearish / bullish and crossing and signal up and downtrends and compress during chop. They are 100% customizable with your own EMA preference. Colors as well.
The Candles are Volume Based Candles. They default to Hollow candles when Volume is below the 24 moving average ( customizable ) and are filled solid when the volume for that time period has HIGH RELATIVE VOLUME. These are GREAT SIGNALS as price action approaches the levels that the AUTOLEVEL indicator generate. When a candle is filled and approaching a level it is likely to break through or attempting to. Low volume candles, hollow, show low conviction in price movement.
Aside from the Fibonacci Levels generated, the EMA Clouds and the Volume Candles you can also select how full or minimal your chart is. ( more levels to only a few ) Also you can extend all levels to the right for future charting or leave that selection off to only generate the static daily levels a few bars ahead.
You can also adjust the timeframe the Autolevels are generating levels for. 1 day is the current day. 1 month plots out a month of levels and is best used with the 1D timeframe.
You can look up my Twitter account for hundreds of examples of daily use.
PivotBoss Tool (PART 1)Hello Everyone,
This indicator is being published on TradingView to help traders solve their multiframe analysis issue and at the same time get additional information of different timeframe like - Strength, Momentum and Central Pivot Range relationships all under one single frame.
This indicator is based on the concepts of Secrets of Pivot Boss by Mr.Frank Ochoa and strives to provide more insightful information of pivot points and other general indicators being used by traders on day-to-day basis in the simplest format possible so that traders of all kinds can relate to the same.
Below is the brief information of the indicator table you see in the layout of the above chart -
-This is the most interesting part of the indicator where the user gets to the Pivot Trend, RSI strength and Central Pivot Range (CPR) relationship all under one table which comes to be very handy during Intraday trading and Swing/Positional Trading.
#Pivot Trend
This column gives the user the information regarding price movement near to pivot points across multiple timeframes in a single frame which gives the user the accessibility to track the trend in different time frames, to make the information readily available colour code are included in the table which is customisable in the hands of the user and below is the explanation for the same -
- GREEN (Above H3)
- GREY (Between H3-L3)
- RED (Below L3)
#RSI
This column gives the user the information regarding price movement near to RSI values across multiple timeframes in a single frame which gives the user the accessibility to track the momentum in different time frames, to make the information readily available colour code are included in the table which is customisable in the hands of the user and below is the explanation for the same -
- GREEN (Above 70)
- GREY (Between 30 to 70)
- RED (Below 30)
#Central Pivot Range (CPR) Relationship
This column gives an idea of the trend direction and intensity which is exactly formulated according the concepts of PivotBoss Book and it also states the relationship of CPR's with customisable colour codes in the indicator settings, to make the information readily available colour code are included in the table which is customisable in the hands of the user and below is the explanation for the same -
There are generally six possible relationships for CPR compared to previous CPR where the timeframe can be variable but the relationship identification stays constant which is depicted as below -
- GREEN
1) Dark Green denotes "Higher Value CPR Relationship"
2) Light Green denotes "Overlapping Higher Value CPR Relationship"
- RED
3) Dark Red denotes "Lower Value CPR Relationship"
4) Light Red denotes "Overlapping Lower Value CPR Relationship"
- GREY
5) Denotes "Outside Value CPR Relationship"
- YELLOW
6) Denotes "Inside Value CPR Relationship"
This is a very basic tool created to identify Strength, Momentum and Central Pivot Relationship (CPR) across different timeframes so that the user is able to identify the broader aspect of the stock in a single frame and thus can execute his trading skills with optimum efficiency.
This indicator will be updated with time and depending on community's feedback and requirements.
Credits -
- Mr. Frank Ochoa (Concepts and ideas from the book 'Secrets of PivotBoss' )
- TradingView (Providing a platform to traders to simply their trading through 'PineScript')
Regards,
Mukkull
Smart Support & Resistance(My goal creating this indicator): Provide a way to categorize and label key structures on multiple different levels so I can create a plan based on those observable facts.
The Underlying Concept / What is Momentum?
Momentum indicates transaction pressure. If the algorithm detects price is going up, that would be considered positive momentum. If the algorithm detects price is going down negative momentum would be detected.
The Momentum shown is derived from a price action pattern. Unlike my previous Support & Resistance indicator that used Super Trend, this indicator uses a unique pattern I created. On the first bar bearish momentum is detected a resistance Level is made at the highest point of the previous bullish condition. On the first bar bullish momentum is detected a support Level is made at the lowest point of the previous bearish condition. This happens on 5 different Momentum Levels, (short-term to long-term). I currently use this pattern to trade so the source code is protected.
What is Severity?
Severity is How we differentiate the importance of different Highs and Lows. If Momentum is detected on a higher level the Supply or Demand Level is updated. The Color and Size representing that Level will be shown. Demand and Supply Levels made by higher levels are more SEVERE than a demand level made by a lower level.
Technical Inputs
- to ensure the correct calculation of Support and Resistance levels change BAR_INDEX. BAR_INDEX creates a buffer at the start of the chart. For example: If you set BAR_INDEX to 300. The script will wait for 300 bars to elapse on the current chart before running. This allows the script more time to gather data. Which is needed in order for our dynamic lookback length to never return an error (Dynamic lookback length can't be negative or zero). The lower the timeframe the greater the number of bars need. For Example, if I open up a 1min chart I would enter 5000 as my BAR_INDEX since that will provide enough data to ensure the correct calculation of Support and Resistance levels. If I was on a daily chart, I would enter a lower number such as 800. Don't be afraid to play around with this.
- Toggle options (Close) or (High & Low) creates Support and Resistance Levels using the Lowest close and Highest close or using the Lowest low and Highest high.
Level Inputs
- The indicator has 5 Different Levels indicating SEVEREITY of a Supply and Demand Levels. The higher the Level the more SEVERE the Level.
Display Inputs
- You have the option to customize the Length, Width, Line Style, and Colors of all 5 different
- This indicator includes a Trend Chart. To Easily verify the current trend of any displayed by this indicator toggle on Chart On/Off. You also get the option to change the Chart Position and the size of the Trend Chart
How Trend Is being Determined?
(Close > Current Supply Level) if this statement is true technically price made a HH, so the trend is bullish.
(Close < Current Demand Level) if this statement is true technically price made a LL, so the trend is bearish.
- Fully customize how you display Market Structure on different levels. Line Length, Line Width, Line Style, and Line color can all be customized.
How it can be used?
(Examples of Different ways you can use this indicator): Easily categorize the severity of each and every Supply or Demand Level in the market (The higher Level the stronger the level)
: Quickly Determine the trend of any Level.
: Get a consistent view of a market and how different Levels are behaving but just use one chart.
: Take the discretion from hand drawing support and resistance lines out of your trading.
: Find and categorize strong levels for potential breakouts.
: Trend Analysis, use Levels to create a narrative based on observable facts from these Levels.
: Different Targets to take money off the table.
: Use Severity to differentiate between different trend line setups.
: Find Great places to move your stop loss too.
Opening Range with FibsThe indicator uses a time range and another instrument for time reference, so that it works in the time zone you care about. I have set the default to SPX500USD since it is in EST ( SPX , ES and many futures are on Chicago time and opening range gets confused). You can change the reference instrument in the settings.
You can also change the multipliers and use other values instead of 1.272 and 1.618 for Fib extensions.
TradingView has a limit as to how many objects an indicator can create so if you want to go back further for visual backtesting - use the replay tool - it will be able to draw up to the time you selected within its limits.
Let me know if you need anything else...
Happy Trading!
Pivot High/Low ComparisonThis script will show you at a glance the following trends:
Higher Highs (Green line on top)
Lower Highs (Red line on top)
Higher Lows (Green line on bottom)
Lower Lows (Red line on bottom)
It utilizes the Pivot High and Pivot Low functions to determine if the previous pivot was higher or lower than the current pivot .
AutoLevelsAuto Levels is a Work in progress.
It is based on the previous days ATR and the current days opening tick.
It takes that info and uses Fibonacci to automatically draw key levels for the day.
I have added the BULL BAR ( Green bar ) and Bear Bar ( Red Bar ) to signal as a Go Long / Go Short line in the sand.
The Tan bars are also proven key "Take Profit" levels.
These are, on average, major points of reversals, dip buys or consolidation.
I use this on the 5min timeframe and a close above or below a key level is my signal and direction. Auto Levels have proven to be a great indicator of major support and resistance.
Pivot Average [Misu]█ This Indicator is based on Pivot Points.
It aggregates closed Pivot Points to determine a " Pivot Average " line.
Pivot Points here refer to highs and lows.
█ Usages:
Pivot Average can be used as resistance or breakout area.
It is also very usefull to find battle zones.
It can also be used as a trend indicator: when the price is below, trend is down, when price is above, trend is up.
Mixed with momentum/volatility indicator it is very powerfull.
█ Parameters:
Deviation: Parameter used to calculate pivots.
Depth: Parameter used to calculate pivots.
Length: History Lenght used to determine Pivot Average.
Smoothing MA Lenght: MA lenght used to smooth Pivot Average.
Close Range %: Define price percentage change required to determine close pivots.
Color: Color of the Pivot Average.
Pivot-Based Channels & Bands [Misu]█ This Indicator is based on Pivot detection to show bands and channels.
The pivot price is similar to a resistance or support level. If the pivot level is breached, the price should continue in that direction. Or the price could reverse at or near this level.
█ Usages:
Use channels as a support & resistance zone.
Use bands as a support & resistance zone. It is also very powerfull to use it as a breakout.
Use mid bands & mid channels as a trend direction or trade filter as a more usual moving average.
█ Parameters:
Show Pivot Bands: show bands.
Show Pivot Mid Band: show mid bands.
Show Pivot Channels: show channels.
Show Pivot Mid Channel: show mid channels.
Deviation: deviation used to calculate pivot points.
Depth: depth used to calculate pivot points.
CrossFire -=[ CryptDollar ]=-FEATURES
DO NOT USE WITHOUT READING ALL OF THIS!
Intended to be USED AGAINST Heikin Ashi Averaging Trend Candles for LEGITIMATE ‘AVERAGING’ Trend Recognition and analysis and it is a legitimate mathematical protocol using averages.
NOTE:
THIS IS NOT A simple “ENTER / EXIT" Type Indicator!!! BE CLEAR ABOUT THAT!!
THIS IS A AVERAGE TREND ANALYSIS and Support & Resistance type of indicator
ADDITIONAL NOTE:
This EMA CROSSING signal indicator DOES NOT REPRINT after the EMA CROSS CONFIRMATION, (Candle Close)!!
It may flicker during the confirmation process, which ALL indicator formulas do.
PROOF OF THIS is that the Yellow and Light Blue EMAs are IN FULL VIEW where the indications occur.
What is a Moving Average Crossover Confirmation??
It is when the selected Moving Averages fully cross each other upon candle close.
It is also important to note:
The LOWER the Timeframe, the more 'NOISE to signal' ratio you will get with this and ANY other indicator.
The HIGHER the Timeframe, the more 'SIGNAL to noise' ratio you will get with this and ANY other indicator.
To attain more reliable Trade Planning signals; simply look for signals on the higher TFs, and THEN use the lower, faster-pivoting TFs to limit into position.
You should only execute moves AFTER you 'APPROPRIATELY PLAN YOUR TRADE' and decide to 'TRADE YOUR PLAN!'
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What is included with this EMA Crossing Indicator:
Dynamic SR (Horizontal lines of Support and Resistance (which is analyzed against recent average price action). An optional VWAP is included as well
ALL of these pop-up indication features can be turned Off or On in settings panel:
Also, it is very important to select the dots next to the indicator name on your chart; scroll the drop menu go to "Visibility" > "Bring to Front." so you can see the 2 and 6 EMAs on top of the Heikin Ashi AVERAGING candles.
AGAIN, this indicator is based off a known and well established Heikin Ashi EMA Crossing Swing Trading Strategy and is optimized with the use of Heikin Ashi AVERAGING Candles.
This contains all of the EMAs related a 2-6-13 Heikin Ashi AVERAGE Trading Strategy. The original strategy for traditional markets used the 17 EMA. But in crypto, I've found that the 13 EMA at least 'seems' to be more relative and consequential as a trend change 'strength' indication.
- Includes alerts with "CROSS" indications for the 2 & 6 EMA crossover points.*
- ALWAYS check for Trend & Price Support or Resistance (SR) ALONG YOUR TRADE PATH, BEFORE planning your Trade.
- DO NOT simply enter trades based on the Cross signals, as these are mere indications of directional change, and make sure you have at least a single candle close confirmation before taking it seriously.
- Along with that, there are certain sets of SMAs (21, 50, & 200) that are universally used by famed rock star traders, for both scalping and swing trades, which can be enabled and disabled in the Style Panel Settings.
- The optional ARROWS are additional indications for when the 13 EMA , 21 SMA , 50 SMA , and 200 SMA are crossed up or down.
Each EMA and SMA has its own alert that you can individually set, along with the primary "CROSS" indication alerts.
* Special note regarding the visual indications of the 13 EMA and the 21 SMA
If an arrow appears with "13-21" above or below it, that is because these moving averages are so close that
for visual notification purposes there was a visual layering issue whenever both of these MAs triggered on same candle.
This compensation for the visual indication has no effect on the individual MA's Alert settings.
- ALL EMAs and SMAs are customizable if the defaults are not to your liking, BUT understand that any EMA and SMA assignment changes will divert away from the strategy for which this indicator was designed.
If you change from the default moving average assignments in the input settings, your changes will unfortunately not be reflected in the "labeling" on the chart or in alerts)!!
- All optional are in the settings panel, and all setting listings are easily understandable as to what they are
- I was finally able to edit the script to where the labels are not obnoxious on the chart!!!
- As with all my indicators so far; I like to include the optional light-white Daily VWAP plot line to save adding an extra indicator if you like to follow the VWAP , as I do.
- If your chart seems noisy with everything turned on, you can always disable any of these features that you find yourself not using as a visual reference and then "Save as default"
Best Applied to Higher Timeframes
With ALL Default “Noisy” Visual Indications Enabled:
With Only the Visible Primary Cross Indications Enabled:
Dow Jones Stocks : Pivot : ScreenerWith the Dow Jones Stocks Pivot Screener, you can scan a list of the 30 stocks / companies included in the Dow Jones Industrial Average index in real-time.
By using the indicator, you can monitor pivot breakouts and enter trades based on them.
As soon as the DJIA Index list is updated, I will update this List
The indicator includes three types of pivots . Classic, Fibonacci, and Standard.
You have the option to select between Daily, Weekly, and Monthly time frames as well
TradingCube : Crypto : Pivot ScreenerThe Crypto Pivot Screener is a real-time scanner of a list of top crypto assets.
You can use the indicator to monitor the pivots of about 40 crypto assets.
At least once a month, I will update the List of Crypto assets.
The indicator includes three types of pivots . Classic, Fibonacci, and Standard.
You have the option to select between Daily, Weekly, and Monthly time frames as well
Camarilla Pivots - Signals, Alerts, TP and SL by Tech Store OnThis is a Camarilla Pivots indicator script, which will show signals, take profit and stop-loss on the chart with alerts based on Camarilla Pivot strategies:
LONG signals: S5 > S4, TP1: S4, TP2: S3, TP3: R3 SL: Manual | S3 > R3, TP1: R3, TP2: R4, TP3: R5, SL: S4 | R4 > R5, TP1: R5, SL: R3
SHORT signals R5 > R4, TP1: R4, TP2: R3, TP3: S3, SL: Manual | R3 > S3, TP1: S3, TP2: S4, TP3: S5, S4 > S5, TP1: S5, SL: S3
Mainly, the script is based on the pivot levels and price action. The script will trigger a signal if a supporting direction candle breaks or bounces at certain pivot, triggering a direction of the potential trade with the next pivot serving as a Price Target area, each signal will potentially wait for 3 Price Target areas and if they happen will show each on chart. An opposite direction pivots are used as a Stop Loss, which the indicator will show on the chart. If stop-loss will be hit, the script will not show take profit areas considering the trade is closed with a loss. Same way if take profit area 1 is reach, it is considered that SL is moved to Entry and therefore the script will no longer show stop-loss for that trade. This indicator was mainly tested via 15min timeframe, but feel free to try different timeframes as the concept is the same.
This strategy was extensively manually tested, trade by trade, with S&P 500 ETF 15min timeframe, for back-testing results for the whole 2021 year (this is simply if you would LONG/SHORT stocks, don’t forget that if you trade Options, there is also Theta present (options price decay over time), the win rate is: 86.12%
*** If a trade was uncertain > it was marked immediately as stop-loss
*** A position was always closed at the end of the day no matter what (profit/loss)
Config: Alerts need to be set for each signal, take profit and stop-loss, it is pretty much self-explanatory, just right click the chart, select “Add alert” > next to Conditions select “Camarilla Pivot…”, for each trade signal and stop-loss, make sure it is “Once per Bar Close” and for each take-profit make sure it is “Once Per Bar”. Stop-losses are confirmed price breaks, while take-profits – we just need to touch those pivots.
Config: By Default, indicator signals are given during regular BEST (after 3PM ET – it’s power hour, which often is unpredictable + market will be closing soon) US standard market hours: 9:30AM-3PM ET, take profit and stop-losses by default are set to 9:30AM-4PM ET (US standard market hours. Both can be adjusted via Inputs. If you wish for the signals/take profit and stop-losses to be tracked 24/7 > choose the “EMPTY” space for both.
Config: Number of candles/bars to track back for opened positions is the number of Candles/Bars tracked back for each position. You can change this setting as it relates to timeframe versus trading style (day trading/swing), play around to find your best settings, by default it’s 13, which is best for day trading/15M timeframe. Please note: if position takes “too long” to reach TP or SL, it may not show TP or SL, so you need to keep an eye on this. It is best to use slightly lower number for day trading, because otherwise if you receive the same signal more than twice during the day > it will not show TP or SL for the second/third/etc. position. This is custom for you to change though, so if you want longer position tracking for the day, choose: 26 candles (this is the amount of 15M candles during the day), but keep in mind that for second/third position > it may not show you the TP1/SL.
Config: The table showing positions will show current open position on the bottom cell if position is opened per indicator, you can move or even hide this table in the indicator settings. (Please note: this is decorative thing and sometimes may show a position open, which is not actually open, especially when the market is not currently open).
Tip: Note: if pivots are too far away from each other and there is either big profit already or another support/resistance indicator (VWAP, SMA, support & resistance levels, etc.) – it is wise to take some profit off and move SL to Entry to secure profits in case market decides to turn around. This is especially wise if you trade Options as they include Theta (options price decay over time). Please note: back-test results displayed above were done without VWAP.
Tip: R5 > R4 and S5 > S4 are riskier signals as there are no pivots above/below for the SL, the script does not have a built-in stop-loss level/indicator for these, so you will need to manually set your stop-losses for these signals. Last day pivots often can help with this or simply use most recent support & resistance levels.
Tip: If trading S&P: be careful opening positions near 3PM ET, as during the “power hour” – 3-4PM ET > volatility increases and direction of the price becomes much more unpredictable. Similar: if you are in profit, it is wise to close the majority of your position at 3PM ET, before the “power hour” starts.
Tip: Very conservative trading approach: after signal happens, wait for a bounce back (price going back touching the pivot) and open position right there, that way > SL will be smaller and better risk/reward ration.
Tip: There is no limit on how many signals the script will show if it meets the conditions (in case you miss one of the signals and conditions repeat > you can still get into decent trade at next signal if it matches the condition).
Note1: if candle closes crossing/breaking several pivots at the same time and that same candle will touch take profit pivot – the script is configured to minimize showing/alerting signals/TP/SL for such conditions, so that you don’t get a very dirty chart / spammed with alerts, however sometimes it may or may not show signals and/or take profits/losses incorrectly. Overall, when you see such huge candles, it means that market volatility is bigger than usual, so a caution should be practiced.
Note2: If the signal candle almost nearly touches the first take profit area > it’s best not to open a position (you literally opening it at the first take profit pivot, and it may bounce the other way from that same pivot).
Note3: You may sometimes see take profit/stop-loss indicators in the beginning of the day or simply when pivot levels change, this is due to script registering the position open per old pivot levels and then show you take profit/stop-loss per new pivot levels.
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
fontilabLibrary "fontilab"
Provides function's indicators for pivot - trend - resistance.
pivots(src, lenght, isHigh) Detecting pivot points (and returning price + bar index.
Parameters:
src : The chart we analyse.
lenght : Used for the calcul.
isHigh : lookging for high if true, low otherwise.
Returns: The bar index and the price of the pivot.
calcDevThreshold(tresholdMultiplier, closePrice) Calculate deviation threshold for identifying major swings.
Parameters:
tresholdMultiplier : Usefull to equilibrate the calculate.
closePrice : Close price of the chart wanted.
Returns: The deviation threshold.
calcDev(basePrice, price) Custom function for calculating price deviation for validating large moves.
Parameters:
basePrice : The reference price.
price : The price tested.
Returns: The deviation.
pivotFoundWithLines(dev, isHigh, index, price, dev_threshold, isHighLast, pLast, iLast, lineLast) Detecting pivots that meet our deviation criteria.
Parameters:
dev : The deviation wanted.
isHigh : The type of pivot tested (high or low).
index : The Index of the pivot tested.
price : The chart price wanted.
dev_threshold : The deviation treshold.
isHighLast : The type of last pivot.
pLast : The pivot price last.
iLast : Index of the last pivot.
lineLast : The lst line.
Returns: The Line and bool is pivot High.
getDeviationPivots(thresholdMultiplier, depth, lineLast, isHighLast, iLast, pLast, deleteLines, closePrice, highPrice, lowPrice) Get pivot that meet our deviation criteria.
Parameters:
thresholdMultiplier : The treshold multiplier.
depth : The depth to calculate pivot.
lineLast : The last line.
isHighLast : The type of last pivot
iLast : Index of the last pivot.
pLast : The pivot price last.
deleteLines : If the line are draw or not.
closePrice : The chart close price.
highPrice : The chart high price.
lowPrice : The chart low price.
Returns: All pivot the informations.
getElIntArrayFromEnd() Get the last element of an int array.
getElFloatArrayFromEnd() Get the last element of an float array.
getElBoolArrayFromEnd() Get the last element of a bool array.
isTrendContinuation(isTrendUp, arrayBounds, lastPrice, precision) Check if last price is between bounds array.
Parameters:
isTrendUp : Is actual trend up.
arrayBounds : The trend array.
lastPrice : The pivot Price that just be found.
precision : The percent we add to actual bounds to validate a move.
Returns: na if price is between bounds, true if continuation, false if not.
getTrendPivots(trendBarIndexes, trendPrices, trendPricesIsHigh, interBarIndexes, interPrices, interPricesIsHigh, isTrendHesitate, isTrendUp, trendPrecision, pLast, iLast, isHighLast) Function to update array and trend related to pivot trend interpretation.
Parameters:
trendBarIndexes : The array trend bar index.
trendPrices : The array trend price.
trendPricesIsHigh : The array trend is high.
interBarIndexes : The array inter bar index.
interPrices : The array inter price.
interPricesIsHigh : The array inter ishigh.
isTrendHesitate : The actual status of is trend hesitate.
isTrendUp : The actual status of is trend up.
trendPrecision : The var precision to add in "iscontinuation" function.
pLast : The last pivot price.
iLast : The last pivot bar index.
isHighLast : The last pivot "isHigh".
Returns: trend & inter arrays, is trend hesitate, is trend up.
drawBoundLines(startIndex, startPrice, endIndex, endPrice, breakingPivotIndex, breakingPivotPrice, isTrendUp) Draw bounds and breaking line of the trend.
Parameters:
startIndex : Index of the first bound line.
startPrice : Price of first bound line.
endIndex : Index of second bound line.
endPrice : price of second bound line.
breakingPivotIndex : The breaking line index.
breakingPivotPrice : The breaking line price.
isTrendUp : The actual status of the trend.
Returns: The lines bounds and breaking line.
Weekly Returns with BenchmarkSome time ago I published Monthly returns table. Now It's time for weekly one.
To get it work you need a pretty big screen, but I hope it will be useful for some of you.
Features of this table includes:
Display weekly returns of your strategy, benchmark, and alpha over this benchmark.
Select benchmark to be another instrument
Select the date from which you want to compute monthly returns
Show/hide benchmark and alpha
Choose colors for gradient for gain/loss values
Use it with any type of strategy
Use it with replay
Thanks to @MUQWISHI to help me coding it.
It's not about the strategy itself but the way you display returns on your chart. So pls don't critique my choice of the strategy and its performance 🙂
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
Pivots High-Low Screener & AlertsHi fellow traders ,
Pleased to share a Pivot High - Low Screener.
The script uses the TV inbuilt Pivot function.
It Screens 25 tickers default set, these can be modified in the input dialog box.
All you need to do is attach to any chart and set the periodicity or the resolution of the chart to your desired alert() frequency requirement.
Now go to the input settings icon of the script and set your Pivot right and left parameters!
Set the alert from the menu as usual click - Any alert() function call and bingo you are done!!
Similarily change the chart periodicity to the next timeframe and set the next alert.
No more opening multiple charts and setting individual time consuming alerts().
You will get concatenated alerts or summary alerts for your tickers.
Track 25tickers with a single alert for each timeframe(Supports 40 tickers).
Happy trading with TV..
