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Murreys Math Lines Box OR Ratio PivotsI'm publishing my second script, though nothing extraordinary, I believe there is user group for Murry Math indies and the only "proper one" (According to my usage) I found was of RicardoSantos, here is the link : He developed that script in 2014 and it is in need of update to Pine V4 and I'm doing the needful as its user. All the updates from my end are listed below: 1. Updated to Pine V4 2. Automatic octave selection 3. In auto mode one can switch octave 4. This script is color coded with intention of use on dark theme, one can change the colors to use it on white background with simple few clicks as pinelines have been used Other thing I want to add is that usage of this is not very clear to many users, so I'll do little explaining here; Lets start with what is Octave? Octave is basically distance between square of two whole numbers, this is hard-fast method to calculate, Murry has made it far more complicated to use practically. In mathematical formula terms it could be something like this for script trading at 11890 (CMP) Step 1: Square Root of CMP i.e Square Root of 11890 = 109.041 = Rounded to 109 Step 2: You can either take one whole number higher or lower than 109, which is 108 or 110. We will take 108 Step 3: Square of 108 = 11664 and Square of 109 = 11881 Step 4: Octave => Distance between (Lowlevel) 11664 and (Higherlevel) 11881 I've automated it so you don't need to calculate, but there is also manual entry possible if you want to calculate octaves yourself, there are different ways to calculate and some like to just take High and Low's of the day or week or month, whatever you like. When I used it I did it strictly this way, so automation is based on it. This is very subjective matter so don't ask to change the calculation of this, if I started doing that every second person would ask me to modify it to different calculation..and thats...just not possible to do. This is output for calculation we just did above This is octave shift option (Which basically shifts to next whole number square in above calculation) Normal nomenclature on octaves and important color codes +2/8: Extreme overbought = Blue Color and solid line +1/8: OverBought 8/8: Hardest line to rise above (overbought) = White Color and solid line 7/8: Fast reverse line (weak) 6/8: Pivot reverse line = Yellow Color and solid line 5/8: Upper trading range ---------------------------------------- 4/8: Major reversal line = Green Color and solid line ---------------------------------------- 3/8: Lower trading range 2/8: Pivot reverse line = Blue Color and solid line 1/8: Fast reverse line (weak) 0/8: Hardest line to fall below (oversold) = White Color and solid line -1/8: Oversold -2/8: Extreme Oversold = Yellow Color and solid line Other lines that I've not mentioned color codes for are minor and are usually plotted in dotted format. Resources on complete technique to trade and importance of levels (highly recommended to read carefully before trading), if you don't know how to get this for free don't worry you can just google Murrey math and you will find it somewhere, its just that it would be in little scattered manner. www.scribd.com Enjoy!
Pine Script® indicator
by Pratik_4Clover
14
zigzag PivotsThis is based on two model : the first is the zigzag model of Ricardo Santos the second is a pivot system for high and low to find resistance made by jaggedsoft I try to show the connection between them and to form a cross of when the zigzag model crossing the pivot model this is seen in show sig best approach is to find the low based on the pivot system and try to make your buy around that spot . when there is high resistance either exit or buy when the asset cross it above . in case of short do the opposite
Pine Script® indicator
by RafaelZioni
4
Trend Pivot Retracements▶ OVERVIEW Trend Pivot Retracements identifies market trend direction using a Donchian-style channel and dynamically highlights retracement zones during trending conditions. It calculates the percentage pullbacks from recent highs and lows, plots labeled zones with varying intensity, and visually connects key retracement pivots. The indicator also emphasizes price proximity to trend boundaries by dynamically adjusting the thickness of plotted trend bands. ▶ TREND DETECTION & BAND STRUCTURE The indicator determines the current trend by checking for new 50-bar extremes: Uptrend: If a new highest high is made, the trend is considered bullish. Downtrend: If a new lowest low is made, the trend is considered bearish. Uptrend Band: Plots the 50-bar lowest low as a trailing support level. Downtrend Band: Plots the 50-bar highest high as a trailing resistance level. Thickness Variation: The thickness of the band increases the further price moves from it, indicating overextension. ▶ RETRACEMENT LABELING SYSTEM During a trend, the indicator monitors pivot points in the opposite direction to measure retracements: Bullish Retracement: Triggered when a pivot low forms during an uptrend. Measures % pullback from the most recent swing high (searched up to 20 bars back). Plots a bold horizontal line at the low and a dashed diagonal from the previous swing high. Adds a “-%” label above the low; intensity is based on recent 50 pullbacks. Bearish Retracement: Triggered when a pivot high forms during a downtrend. Measures % pullback from the previous swing low (up to 20 bars back). Plots a bold horizontal line at the high and a dashed diagonal from the prior swing low. Adds a “%” label below the high with gradient color based on the past 50 extremes. ▶ PIVOT CONNECTION LINES Each retracement includes a visual connector: A diagonal dashed line linking the swing extreme (20 bars back) to the retracement point. This line visually traces the path of price retreat within the trend. Helps traders understand where the retracement originated and how steep it was. ▶ TREND SWITCH SIGNALS When trend direction changes: A diamond marker is plotted on the new pivot confirming the trend shift. Green diamonds signal new bullish trends at fresh lows. Magenta diamonds signal new bearish trends at fresh highs. ▶ COLOR INTENSITY & CONTEXTUAL AWARENESS To help interpret the magnitude of retracements: The % labels are color-coded using a gradient scale that references the max of the last 50 pullbacks. Stronger pullbacks result in deeper color intensity, signaling more significant corrections. Trend bands also use standard deviation normalization to adjust line thickness based on how far price has moved from the band. This creates a visual cue for potential exhaustion or volatility extremes. ▶ USAGE Trend Pivot Retracements is a powerful tool for traders who want to: Identify trend direction and contextual pullbacks within those trends. Spot key retracement points that may serve as entry opportunities or reversal signals. Use visual retracement angles to understand market pressure and trend maturity. Read dynamic band thickness as an alert for price stretch, potential mean reversion, or breakout setups. ▶ CONCLUSION Trend Pivot Retracements gives traders a clean, visually expressive way to monitor trending markets, while capturing and labeling meaningful retracements. With adaptive color intensity, diagonal connectors, and smart trend switching, it enhances situational awareness and provides immediate clarity on trend health and pullback strength.
Pine Script® indicator
by OfficialTradeEasyIO
3
Relative Strength Index w/ STARC Bands and PivotsThis is an old script that I use with some useful RSI strategies from "Technical Analysis for the Trading Professional" 2nd edition by Constance Brown. The base RSI comes with the option for custom length, and has some pre-configured ranges for looking at exits and entrances. The idea is to be bullish when bounces happen in the red zone during an already bullish trend or when the indicator enters green without a rejection. Be bearish if the indicator falls through the red zone or fails to enter green during an already bearish trend. I have added the formulas used for creating STARC bands (just think fancier volatility bands) with adjustable tolerances. The idea is to look out for when the RSI touches one of the bands and reverses. This is usually indicative of a strong reversal (though the timing will be up to the trader). Best use this on shorter time frames during a volatile time of a stock's price action. Although a little messy, there is a small segment of the script which includes pivot points. I like to use these because they make indicating local highs/lows for finding divergences easier. Finally, I have added a couple of customizable EMAS for the RSI itself. Useful when combined with the other features!
Pine Script® indicator
by jsalemfinancial
1
Adaptive Pivot (HLC3)SUMMARY: Standard Pivot (HLC3) with ATR leeway added to make it adaptive to market volatility. DESCRIPTION: Adaptive Pivot is an indicator utilizing the simplicity of HLC3 Pivots as a turning point (and sometimes a trend indicator) while addressing it's fixed and inflexible nature. Because the indicator is just a single line in the chart, the price may go near it but never touch it. Or it can go pass through it and never retest it again. In an attempt to lessen these from occurring, we can combine pivots with average true range (ATR). This is the specific formula I applied in this indicator: >Upper Pivot = HLC3 + ATR >Lower Pivot = HLC3 - ATR This creates a kind of a range or cloud around the Pivot, making it possibly a more accurate indicator for market turning points. ADJUSTABLE PARAMETERS: The usual ATR parameters are included in this indicator: >ATR_Length = input(14, title="ATR Length", minval=1) >ATR_Smoothing = input(title="ATR Smoothing", defval="RMA", options="RMA", "SMA", "EMA", "WMA") Added to the usual ones is this: >ATR_Multiplier = input(1, title="ATR Multiplier", minval=0.1) which modifies the extent of the ATR (similar to Chandelier Exit) as it is added/subtracted from the pivot values. Pivot’s timeframe is also adjustable: >Pivot_Timeframe = input("3M", title='Pivot Resolution') Note: I did not lock the type to input.resolution to allow for more possible timeframes. OTHER PARAMETERS Indicator color will change to green when the open is above the HLC3 Pivot and change to red when the reverse is true.
Pine Script® indicator
by reimadara
2
Internal Pivot Pattern [LuxAlgo]The Internal Pivot Pattern indicator is a novel method allowing traders to detect pivots without excessive delay on the chart timeframe, by using the lower timeframe data from a candle. It features custom colors for candles and zigzag lines to help identify trends. A dashboard showing the accuracy of the pattern is also included. 🔶 USAGE We define a pivot as the occurrence where the middle candle over a specific interval (for example, the most recent 21 bars) is the highest (pivot high) or the lowest (pivot low). This method commonly allows for identifying swing highs/lows on a trader's chart; however, this pattern can only be identified after a specific number of bars has been formed, rendering this pattern useless for real-time detection of swing highs/lows. This indicator uses a different approach, removing the need to wait for candles to form on the user chart; instead, we check the lower timeframe data of the current candle and evaluate for the presence of a pivot given the internal data, effectively providing pivot confirmation at the candle close. An internal pivot low pattern is indicative of a potential uptrend, while an internal pivot high is indicative of a potential downtrend. Candles are colored based on the last internal pivot detected, with blue candle colors indicating that the most recent internal pivot is a pivot low, indicating an uptrend, while an orange candle color indicates that the most recent internal pivot is a pivot high, indicating a downtrend. 🔹 Timeframes The timeframe setting allows controlling the amount of lower timeframe data to consider for the internal pivot detection. This setting must be lower than the user's chart timeframe. Using a timeframe significantly lower than the user chart timeframe will evaluate a larger amount of data for the pivot detection, making it less frequent, while using a timeframe closer to the chart timeframe can make the internal pivot detection more frequent, and more prone to false positives. 🔹 Accuracy Dashboard The Accuracy Dashboard allows evaluating how accurate the detected patterns are as a percentage, with a pattern being judged accurate if subsequent patterns are detected higher or lower than a previous one. For example, an internal pivot low is judged accurate if the following internal pivot is higher than it, indicating that higher highs have been made. This dashboard can be useful to determine the timeframe setting to maximize the respective internal pivot accuracy. 🔶 SETTINGS Timeframe: Timeframe for detecting internal swings Accuracy Dashboard: Enable or disable the Accuracy Dashboard. 🔹 Style Internal Pivot High: Color of the dot displayed upon the detection of an internal pivot high Internal Pivot Low: Color of the dot displayed upon the detection of an internal pivot low Zig-Zag: Color of the zig-zag segments connecting each internal pivot Candles: Enable candle coloring, with control over the color of the candles highlighting the detected trend
Pine Script® indicator
by LuxAlgo
4
Bull Bear Pivot by RawstocksThe "Bull Bear Pivot" indicator is a custom Pine Script (v5) tool designed for TradingView to assist traders in identifying key price levels and pivot points on intraday charts (up to 1-hour timeframes). It combines time-based open price markers, pivot high/low detection, and candlestick visualization to provide a comprehensive view of potential support, resistance, and trend reversal levels. Below is a detailed description of the indicator’s functionality, features, and intended use. Indicator Overview: The "Bull Bear Pivot" indicator is tailored for intraday trading, focusing on specific times of the day to mark significant price levels (open prices) and detect pivot points. It plots horizontal lines at the open prices of user-defined sessions, identifies pivot highs and lows on the current chart timeframe, and overlays custom candlesticks to highlight price action. The indicator is designed to work on timeframes of 1 hour or less (e.g., 1-minute, 3-minute, 5-minute, 15-minute, 30-minute, 60-minute) and includes a warning mechanism for invalid timeframes. Key Features: Time-Based Open Price Markers: The indicator allows users to define up to five time-based sessions (e.g., 4:00 AM, 8:30 AM, 9:30 AM, 10:00 AM, and a custom time) to capture the open price at the start of each session. For each session, it plots a horizontal line at the 1-minute open price, extending from the session start to the market close at 4:00 PM EST. Each line is accompanied by a label positioned 5 bars to the right of the market close (4:00 PM EST), with the text right-aligned and vertically centered on the line. Users can enable/disable each marker, customize the session time, label text, line color, and text color via the indicator’s settings. Pivot Highs and Lows: The indicator calculates pivot highs and lows on the current chart timeframe using the ta.pivothigh and ta.pivotlow functions. Pivot highs are marked with green triangles above the bars, and pivot lows are marked with red triangles below the bars. The pivot period (lookback/lookforward) is user-configurable, allowing flexibility in detecting short-term or longer-term reversals. Custom Candlesticks: The indicator overlays custom candlesticks on the chart, colored green for bullish candles (close > open) and red for bearish candles (close < open). This feature helps visualize price action alongside the open price markers and pivot points. Timeframe Restriction: The indicator is designed to work on timeframes of 1 hour or less. If the chart timeframe exceeds 1 hour (e.g., 4-hour, daily), a warning label ("Timeframe > 1H\nIndicator Disabled") is displayed, and no elements are plotted. Customizable Appearance: Users can customize the appearance of the open price marker lines, including the line style (solid, dashed, dotted) and line width. Labels for the open price markers have no background (transparent) and use customizable text colors.
Pine Script® indicator
by Rawstocks
Pivot Length Percentiles Oscillator# Pivot Length Percentiles Oscillator: Technical Mechanics Explained ## Introduction The Pivot Length Percentiles Oscillator is a statistical approach to identifying potential market reversals by analyzing the distribution of price movements relative to pivot points. This publication explains the technical mechanics behind the indicator. ## Core Mechanics ### 1. Pivot Point Detection The indicator begins by identifying significant pivot highs and lows using a user-defined lookback period: - `lft`: Number of bars to the left of potential pivot point - `rht`: Number of bars to the right of potential pivot point These parameters determine how "significant" a pivot needs to be to qualify for analysis. ### 2. Distance Measurement & Historical Database For each new pivot point identified, the indicator: - Calculates the absolute price distance from the previous pivot of the same type - Records the number of candles between consecutive pivots - Stores these measurements in dynamic arrays that build a historical database ### 3. Statistical Distribution Analysis Rather than using fixed values, the oscillator analyzes the complete distribution of historical pivot distances and calculates key percentile values: - `lw` (Low Percentile): Lower boundary for statistical significance - `md` (Mid Percentile): Median statistical boundary - `hi` (High Percentile): Upper boundary for statistical extremes ### 4. Oscillator Construction Two primary oscillator lines are calculated: - Green line (`osc1`): Measures current price's fall below recent highs with `low - ta.highest(high, lft)` - Red line (`osc2`): Measures current price's rise above recent lows with `high - ta.lowest(low, lft)` ### 5. Threshold Generation The percentile values from the historical distribution create dynamic threshold lines: - For downside movements: Scaled versions of the low percentile (`lw_distance_low`) and high percentile (`hi_distance_low`) - For upside movements: Scaled versions of the low percentile (`lw_distance_high`) and high percentile (`hi_distance_high`) ### 6. Signal Logic Entry signals are generated when: - **Bullish Signal**: The downside oscillator crosses below a statistical threshold while price continues showing downward momentum (close < previous close AND close < previous open) - **Bearish Signal**: The upside oscillator crosses above a statistical threshold while price continues showing upward momentum (close > previous close AND close > previous open) ### 7. Visualization Options Users can toggle between: - Standard view: Shows the oscillator and threshold lines - Percentile view: Displays the current movement's percentile rank within the historical distribution ## Implementation Notes - The indicator scales threshold values by 0.9 to create a slight buffer that reduces false signals - The movement's continuation is confirmed by checking both close-to-close and close-to-open relationships - Arrays dynamically update throughout the chart's history, making the indicator increasingly accurate as more data is processed ## Mathematical Framework The core statistical function calculates percentiles using linear interpolation between values when needed: ``` calculate_percentile(array, percentile) = sortedValue + fraction * (sortedValue - sortedValue ) ``` where `index = (array.size - 1) * percentile / 100` This mathematical approach ensures the thresholds adapt dynamically to changing market conditions rather than relying on fixed values.
Pine Script® indicator
by Kill_Streak
Dynamic Pivot PointsDynamic Pivot Point Indicator The Dynamic Pivot Point is an indicator used on the TradingView platform that dynamically calculates pivot points and displays them on the chart. This indicator provides automatically adjustable support and resistance levels for different timeframes. By visualizing dynamic levels that match current market conditions, traders can plan their strategies more effectively. Features Adapts to Timeframes The indicator automatically selects the appropriate pivot calculation method based on the user's current timeframe. For example: For short timeframes such as 1, 3, or 5 minutes, it uses daily (1D) data. For medium timeframes like 15, 30, or 60 minutes, it uses weekly (1W) data. For longer timeframes such as 120, 180, or 240 minutes, it uses monthly (1M) data. For very long timeframes like 360, 480 minutes, daily (D), or weekly (1W), it uses 12-month (12M) data. Dynamic Pivot Levels The indicator automatically calculates pivot levels based on the specified high and low values. Flexible Line Style Options Users can choose different line styles (Dashed, Dotted, Solid) to improve visual clarity on the chart. Clean and Clear Visualization The indicator automatically removes previous lines and displays the latest levels clearly on the chart, preventing clutter and allowing traders to focus more efficiently. How It Works Identifying High and Low Levels The indicator retrieves previous and current high and low levels based on the selected timeframe. New high and low levels are updated by comparing them with previous levels. Calculating Pivot Levels Pivot points are calculated using Fibonacci ratios between high and low levels. These levels represent dynamic support and resistance zones. Drawing Lines The calculated levels are displayed as lines on the chart, each represented with different colors and styles. Use Cases Support and Resistance Levels The indicator dynamically calculates and displays support and resistance levels, serving as reference points for buy and sell decisions. Trend Analysis Fibonacci levels help identify trend strength and potential reversal points. Risk Management Pivot points assist in setting stop-loss and take-profit levels. Multi-Timeframe Analysis Since the indicator adapts to different timeframes, it can be used for both short-term and long-term analysis. Advantages ✅ Automatic Calculation: No manual calculations are required, as it updates dynamically. ✅ Flexible Timeframe Support: Adapts to different timeframes. ✅ Visual Clarity: Line styles and colors make it easy to distinguish levels on the chart. ✅ Fibonacci Integration: Adds depth to technical analysis. Conclusion The Dynamic Pivot Point indicator is a useful tool for both beginners and experienced traders. By dynamically calculating pivot points and Fibonacci levels, it simplifies market analysis and aids in strategy development. With its flexible structure and clear visualization, it can be effectively used across all timeframes. 6 dakika önce Sürüm Notları This indicator is written for Support Resistance Traders
Pine Script® indicator
by Okan_Oztunc
KJS-- Gost Pivot MAKJS Ghost Pivot Moving Average This indicator calculates a "Ghost Pivot" by estimating where the monthly pivot level would be if the current candle's close represented the end of the month. The calculation uses: • The current month's high and low from regular trading hours (RTH). • The current candle's close, which includes both premarket and after-hours data. It also smooths the ghost pivot using a customizable simple moving average (SMA). Features: • Plots the current month's high (blue) and low (yellow) based on RTH data. • Calculates and plots a dynamic pivot (purple line) as the average of the monthly high, low, and current close (HLC3). • Includes a customizable SMA length for smoother pivot tracking (default: 3). This indicator helps traders anticipate potential monthly pivot levels in real-time while visualizing key support and resistance areas.
Pine Script® indicator
by ksabobo
5
Central Pivot Range (CPR)Central Pivot Range (CPR) Indicator The Central Pivot Range (CPR) indicator is designed to help traders identify key levels of support and resistance based on pivot points calculated from the previous day's price action. The CPR levels act as critical areas of price convergence and potential reversal, which can help in anticipating future price movements. This version of the CPR indicator includes customizable features to enhance your trading strategy. Key Features: Custom Timeframe Support: The indicator allows you to select a custom timeframe for calculating the CPR levels. By default, it uses the daily timeframe ('D'), but you can adjust it to any other timeframe of your choosing. The indicator calculates the CPR and support/resistance levels based on the data from the selected timeframe. Central Pivot (CP), Below Central Pivot (BC), and Top Central Pivot (TC): Pivot (CP): The central pivot point is calculated as the average of the high, low, and close prices of the selected timeframe. Below Central Pivot (BC): This is the midpoint between the high and low prices of the selected timeframe. Top Central Pivot (TC): This is calculated based on the central pivot and below central pivot, providing a range between support and resistance levels. Support and Resistance Levels (S1, S2, S3, R1, R2, R3): Support Levels (S1, S2, S3): These are calculated based on the central pivot, providing potential areas where price may find support and reverse. Resistance Levels (R1, R2, R3): These are calculated similarly but indicate potential resistance zones where price may face challenges to move higher. Dynamic Plotting Based on User Input: The indicator allows you to choose which levels to display on the chart, including the Central Pivot (CP), Support Levels (S1, S2, S3), and Resistance Levels (R1, R2, R3), all of which can be toggled on or off via checkboxes. CP is displayed in white, BC and TC in blue, Support levels (S1, S2, S3) in green, and Resistance levels (R1, R2, R3) in red. Daywise Calculations: The CPR and levels are based on the previous day’s price action, providing historical support and resistance levels that can be useful for intraday analysis. The request.security function is used to fetch the pivot data from the custom timeframe, ensuring the levels are calculated based on the last completed period (previous day) without repainting. Customization Options: CPR Plot: Toggle the visibility of the central pivot range (CPR) lines. Support Levels (S1, S2, S3): Choose to show or hide the support levels. Resistance Levels (R1, R2, R3): Choose to show or hide the resistance levels. Custom Timeframe: Set a custom timeframe for calculating the CPR, allowing for more flexible and tailored analysis.
Pine Script® indicator
by Hare_Krishna_1000000000
2
ATR Range Pivot LinesDescription: This Pine Script calculates and plots pivot lines based on ATR (Average True Range) value and closing price. It uses the previous trading day's ATR value to set static pivot levels for the current trading day. These pivot lines help traders identify potential support and resistance levels based on historical volatility. The script includes two main pivot lines—ATR High and ATR Low —and two midpoint lines between them for additional context. Labels are added to show the exact pivot values, with options to customize label positions. Intended Use: The script is designed to help traders forecast potential price ranges for the current trading day based on the previous day’s volatility. By adding and subtracting the previous day's ATR from the prior close, the script identifies key levels where price action may encounter support or resistance. It is useful for setting realistic price targets or entry/exit points. Since the ATR-based pivot lines are static for the entire day, they provide a reliable range for intraday trading strategies. Disclosure: This script was generated using AI. It is recommended to review and test the script thoroughly before applying it in live trading scenarios.
Pine Script® indicator
by Eli-Copter