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Pivot Points

Pivot TrendHello Traders, Another original idea is here with you. Actualy I can say that it's a breakout strategy that uses multiple Pivot Point's averages. How it works? - it finds the Pivot Points, you can set the length as you want - it gets averages of Pivot Highs and Pivot Lows, you can set the number of Pivot Points to be included - it compares the current closing price with averages of Pivot Highs and Pivot Lows - if both are positive or negative then trend changes You have two options: - Pivot Point Period => is the length that is used to find Pivot Points. means it checks left/right bars if it's Pivot Point (4 by default) - Number of PP to check => is the number of Pivot Points that the script finds and calculates the averages (3 by default) An Example with the settings Pivot Point Period = 5 and Number of PP to check = 2 Play with settings as you wish. Comments are welcome, together we can improve it ;) Enjoy!
Pine Script™ indicator
by LonesomeTheBlue
69
Pivot Points Percentage Differences (W/ High & Low Indicators)This script is really handy for day trading. This works best on low time frames like the 1 minute or the 5 minute . To understand what pivot points are you can add other pivot point indicators or just look at the color differences below since every-time that changes it's a new pivot point (which represents a known low or known high with high certainty) The script shows the most recent percentage move up or down for the last known pivot point based on the pivot point setting data. Pivot points are generated after 20 bars go by default, but you can set this to whatever you wish in the settings . Just click the gear icon for the script to set these. You can also set how many bars back to look for what was the last highest percentage move (down or up). This will be important for your day trading strategy. The idea to trading with this is pretty simple. You look at the highest percentage moves that were made on pivots up or down and if you notice a current move that has trended down or up to the highest percentage, that makes that a safer bet for shorting or longing. Of course, sometimes, things move greater or less than normal, so you would set stop losses accordingly. Hope this helps with your day trading for finding good entry and exit points! EXAMPLE TRADE SCENARIO You notice the last high for the last 100 bars was 3% . The price recently rose 3% from a known pivot low. You can put a short on this. You noticed that the average price down was 2% , so if the price drops 2% or close to it you can exit your short and go LONG . You set a stop loss above what you put by an extra percentage to be safe. I will do an experimental strategy version of this idea if people are interested.
Pine Script™ indicator
by Gentleman-Goat
5
Support and Resistance Multi Time frameSimple indicator showing the support and resistance on Daily, Weekly and Monthly time frames no matter what time frame you're currently on by highlighting the highest and lowest points on each over the last 34 bars. Daily support and resistance are coloured green. support and resistance are coloured yellow. Monthly support and resistance are coloured red. For best results check where multiple support and resistance areas line up and combine with another indicator for example oscillators to gauge if the support or resistance will reverse the market.
Pine Script™ indicator
by kaaiii
12
Dynamic Support and ResistanceSupport is a price level where a downtrend can be expected to pause due to a concentration of demand or buying interest. As the price of assets or securities drops, demand for the shares increases, thus forming the support line. Meanwhile, resistance zones arise due to selling interest when prices have increased.s their name implies, dynamic support and resistance levels change their level with each new price-tick.To draw dynamic support and resistance levels, traders usually use moving averages which are automatically drawn by your trading platform. The 200-day exponential moving average (EMA), 100-day EMA, and 20-30-40-50-day EMA are very popular dynamic support and resistance levels.also in some references Williams Fractal level used for dynamic support and resistance levels. and it also includes other support and resistance levels that are projected based on the pivot point calculation. All these levels help traders see where the price could experience support or resistance. Similarly, if the price moves through these levels it lets the trader know the price is trending in that direction.
Pine Script™ indicator
by UnknownUnicorn4762443
3
VPTbollfib & Camarilla (Danarilla)I do not own the original indicators. This is just a combination of the two because of their nature to work in a similar way. Camarilla Pivots run on the basis of intraday range trading. Usually after daily open you look the fade whatever move happened before. by shorting R3/H3 levels or longing R3/L3. Targeting the other side of the range. This is the infamous PivotBoss level calculations and you would want to activate camarilla and turn off the normal pivots. They use the previous days volatility to plot the next days levels. But what about some confirmation? Well RafaelIzoni (who made it open source for improvement) threw together this VPTbollfib. It is volume price trend crossing down a fib line using bollinger bands as price envelope. The beauty of this is that It will signal usually counter to current price action based on selling into uptrends or vise versa. Meaning you get signals to counter price. Which is what you might be looking for on range day trade scalps for camarilla. A wick reversal or engulfing + volume based signal is a very happy pairing together. And those signals are usually suitable for the target of the range you are day trading. Hourly time frame works quite well for both. And camarilla should also be on daily settings. Special Thanks to Nanda (who published the pivotboss indicator AND) Helped to merge the scripts together. This indicator alone is an entire trade system. Camarilla already is. If you know the rules. it can be used for entries, exits, risk management to trade the range on TREND, COUNTER TREND, and BREAKOUT plays. The bollinger band fibs add confirmation to the trends levels. And the VPT adds a secondary confirmation to take a camarilla trade. Try it out. I think you will find both the levels on camarilla and the VPT signals quite suprising.
Pine Script™ indicator
by Gunslinger2005
55
Linear Regression ++Due to public demand Linear Regression Formula Scraped Calculation With Alerts Here is the Linear Regression Script For traders Who love rich features Features ++ Multi time frame -> Source Regression from a different Chart ++ Customized Colors -> This includes the pine lines ++ Smoothing -> Allow Filtered Regression; Note: Using 1 Defaults to the original line. The default is 1 ++ Alerts On Channel/Range Crossing Usage ++ Use this for BreakOuts and Reversals ++ This Script is not to be used Independently Risks Please note, this script is the likes of Bollinger bands and poses a risk of falling in a trend range. Signals may Keep running on the same direction while the market is reversing. Requests If you have any feature requests, comment below or dm me. I will answer when i can. Feel free to utilize this on your chart and share your ideas For developers who want to use this on their chart, Please use this script The original formula for calculation is posted there ❤❤❤ I hope you love this. From my heart! ❤❤❤
Pine Script™ indicator
by DevLucem
94
Lnear Regression ++Here is another amazing script for you guys Target Audience ++ Programmers ++ Linear Regression Enthusiasts Please Use this Indicator If you understand the risk posed by linear regression; ill explain some below Features ++ Raw Formulae for the linear regression --I understand that tradingview explanation on how the linreg function works is not clear to many of you and therefore i included this for developers --Yes its much simpler than you thought, Do Enjoy ++ Alerts --You can get alerts when the lower band is crossed/touched based on your settings --These alerts are not repainting at all. Linear Regression Limits As you traders know, the market changes from time and new levels will get drawn The alerts are based on these new levels and once we have new ones, we keep updating Risk This script is similar to Bollinger Bands style of alerts, If the market moves continuously to one direction after the break of a band, The levels change and you may receive a new signal confirmation Cheers!! Enjoy!! Feel free to ask me for any improvements
Pine Script™ indicator
by DevLucem
29
CBG Key Numbers v6Here is my opening range, key numbers indicator. It takes the Opening Range (5 minutes by default) and then plots the opening range and up to 7 extensions of that range above and below. It's amazing how the OR is stamped up on the rest of the day's price movements. 2 strategies (at least) are to play the OR range breakout and to fade when price hits an extreme range. You have total control over how you set up the various lines and colors. If you start overlaying the trading day with the OR and it's extensions, you will see amazing patterns become clear. For example, the pump and reverse. This is where price pumps right out of the opening and then reverses later in the morning. I have the opening price set to big circles as this is one of the most important reference points during the day. Important: For some reason, the 9:30 am time Opening acts differently for equities and futures . For equities, you can set the time values to 0930. But for futures , to capture the Open at 9:30, you have to set the time values to start at 0830. I haven't been able to find a better solution but setting the times manually works. Make sure to set all the time values on the Options screen. There is one more setting of interest. It is called IB Target Amount. This is a number above and below the opening range that I have observed price to hit whenever there's a breakout. This will allow you to predict a price target on breakouts. For SPY , I have found that price usually breaks out to at least 50 cents. On ES futures , it's 6 dollars. This can help you lock in 10% and 20% when trading options and is a great tool. That's why I have it so prominent in red. You will also see price return to this level during the day and act as support or resistance. Please disregard the red and green shaded rectangles. They are my own support and resistance zones and TV wouldn't let me hide them from the picture. :-) I mostly use this on a 5 minute chart but any timeframe will work.
Pine Script™ indicator
by GoldBands
5
(JS) Multi-Time Frame Pivot Point Detector 2.0So here's an updated version of my automatic Pivot Point detector. If you don't like having a bunch of Pivots on your chart at once, or having to cycle through various resolutions to see different ones, this is for you! What does this indicator do? It automatically detects the nearest daily, weekly, and monthly pivot points both above and below the current price and automatically plots them for you. It's really just as simple as that. You select how far back you want it to plot with the "Pivot Point Look Back Period" option. I also have transparency options for each type of pivot so its easy to find the opacity you prefer and save it as a default setting. With "Turn Off Each Pivot Point On All Time Frames" turned on, as an example, if you were to uncheck "S1/R1" then it turns S1/R1 plots off across all 3 pivot resolutions. By default however, I have it set where you can pick and choose each one individually. I also added the default "VWAP Periodic" script from TradingView in there with it (not in prior version). This works identical to the built in indicator (because it is identical). Trading algorithms like to target pivot points and liquidity, so I figured they would pair together nicely for active trading.
Pine Script™ indicator
by J-Streak
8