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Pivot Points

Combined MTF Camarilla Pivots (HA + Candles)This is a fairly basic (but hopefully useful) indicator that combines three time-frames of Camarilla pivots into one. Default time-frames are: Weekly Monthly Yearly Time-frames can be modified as you wish, they are just set to these as I generally only trade higher intervals (just note that formatting labels will not change - but you can update these as needed). The Camarilla pivots displayed are as follows: R3, R4, R5, R6 Pivot line (Middle/Base) S3, S4, S5, S6 R1/S1 & R2/S2 are excluded to make way for R5/S5 & R6/S6 - as these are more useful for the majority of traders. The formula for levels 5/6 are always up for debate, as no official formula has ever been released. I've used what I consider a mid, or consensus calculation. By default all historical pivot levels are displayed, as there can be some benefit to mapping these forward once the relevant period has ended. If people find it's too cluttered I'll look into having an option to display the current period only. Unfortunately, TradingView doesn't allow labels on plots (seems like such a basic feature to be missing, but there you go), so you'll have to learn the colours/linewidths. Oh, and there's a checkbox to enable pivots to be calculated on Heiken-Ashi prices/candles rather than default prices/candles. This heavily modifies the location of the Camarilla Pivots, but I've found that in certain situations you can get some great results. Let me know your thoughts/comments/suggestions. Cheers DD
Pine Script™ indicator
by DreamsDefined
19
Pivot Point Monthly - bitcoin by Simon-RoseMonthly Version: I have written 3 Indicators because i couldn't find what i was looking for in the library, so you can turn each one on and off individually for better visibility. This are Daily, Weekly and Monthly Pivot Points with their Resistance and Support Points and also on the Daily with the range between them. I will also publish some Ideas to show you how to use them if you are not familiar with the traditional pivot points strategy already. Unlike the usually 3 support & resistances i added 4 of them, specifically for trading bitcoin (on traditional markets this level of volatility usually never gets touched) Here you can see which lines are what for reference, as the Feature to label lines is missing in Pinescript (if you have a workaround pls tell me ;) ) This is the basic calculation used : PP = (xHigh+xLow+xClose) / 3 R1 = vPP+(vPP-Low) R2 = vPP + (High - Low) R3 = xHigh + 2 * (vPP - Low) R4 = xHigh + 3 * (vPP - Low) S1 = vPP-(High - vPP) S2 = vPP - (High - Low) S3 = xLow - 2 * (High - PP) S4 = xLow - 3 * (High - PP) If you have any questions or suggestions pls write me :) Happy trading Cheers Daily Version: Weekly Version:
Pine Script™ indicator
by Simon-Rose
Pivot Points Weekly - bitcoin by Simon-RoseWeekly Version: I have written 3 Indicators because i couldn't find what i was looking for in the library, so you can turn each one on and off individually for better visibility. This are Daily, Weekly and Monthly Pivot Points with their Resistance and Support Points and also on the Daily with the range between them. I will also publish some Ideas to show you how to use them if you are not familiar with the traditional pivot points strategy already. Unlike the usually 3 support & resistances i added 4 of them, specifically for trading bitcoin (on traditional markets this level of volatility usually never gets touched) Here you can see which lines are what for reference, as the Feature to label lines is missing in Pinescript (if you have a workaround pls tell me ;) ) This is the basic calculation used : PP = (xHigh+xLow+xClose) / 3 R1 = vPP+(vPP-Low) R2 = vPP + (High - Low) R3 = xHigh + 2 * (vPP - Low) R4 = xHigh + 3 * (vPP - Low) S1 = vPP-(High - vPP) S2 = vPP - (High - Low) S3 = xLow - 2 * (High - PP) S4 = xLow - 3 * (High - PP) If you have any questions or suggestions pls write me :) Happy trading Cheers Daily Version: Monthly Version:
Pine Script™ indicator
by Simon-Rose
2
Pivot Points Daily - bitcoin by Simon-RoseDaily Version: I have written 3 Indicators because i couldn't find what i was looking for in the library, so you can turn each one on and off individually for better visibility. This are Daily, Weekly and Monthly Pivot Points with their Resistance and Support Points and also on the Daily with the range between them. I will also publish some Ideas to show you how to use them if you are not familiar with the traditional pivot points strategy already. Unlike the usually 3 support & resistances i added 4 of them, specifically for trading bitcoin (on traditional markets this level of volatility usually never gets touched) Here you can see which lines are what for reference, as the Feature to label lines is missing in Pinescript (if you have a workaround pls tell me ;) ) This is the basic calculation used : PP = (xHigh+xLow+xClose) / 3 R1 = vPP+(vPP-Low) R2 = vPP + (High - Low) R3 = xHigh + 2 * (vPP - Low) R4 = xHigh + 3 * (vPP - Low) S1 = vPP-(High - vPP) S2 = vPP - (High - Low) S3 = xLow - 2 * (High - PP) S4 = xLow - 3 * (High - PP) If you have any questions or suggestions pls write me :) Happy trading Cheers Weekly Version: Monthly Version:
Pine Script™ indicator
by Simon-Rose
Momentum and Trend Strength Entry Exit Pivot StudyUpdated version of previous Momentum Strength Entry Exit Pivot Study: //************************ // @TheGeeBee - Credit where used // //Notes: // // Use 1,2,3,5 minute timeframes // EMA Cross line and offset allows user to alter the sell characteristics where the candle low is above the EMA line and indicates a possible pre-pivot reversal // Adjust Min and Max pivots based on risk profile // Single Candle drawdown value represents the maximum size of a single red candle before an Exit Pivot is generated // ADX Threshold inhibits Pivots when trending signal is below the threshold value // Percentage Max drawdown since Entry Pivot allows the system to generate an Exit Pivot if the security has dropped X percent from the most recent Entry Pivot point // Use Bars, Candles (preferred) or Heikin-Ashi // Multiple Green Bars = BTFD // Multiple Red bars = If you didn't already get out, do it now! // //************************ Allows for Alerts to be set for Entry and Exit Pivots.
Pine Script™ indicator
by TheGeeBee
8
Weekly/Daily Cross & Bias ConfirmationThis indicator plots the weekly and daily open in addition to a current close price line. It also signals when price closes above or below the daily and weekly opens. Also, the bull/bear bias is painted on this indicator as well. Black is the weekly open Silver is the daily open Weekly is default black arrows. Up is going above open, down is going below Daily is default aqua arrows. Up is going above, down is going below
Pine Script™ indicator
by RexDogActual
1
sma-pivotsThis model is based on this script I change it to sma model . the model run on pivots high or low that are base on SMA I make two SMA one for high pivots and one for low pivots ( I put for now at same distance but you need to change it according to needs) because asset can be in bull period or bear period when we have two separate distance of SMA we can find the correct combination if to buy more or less by changing either the sma pivot of the low end or the sma pivots of the high end using the length . also global we can use the lookbar of bar numbers one sma to both pivots is bad as it not consider the market situation but separation to two one for sell and one for buy can give you a better flexible model for enter or exit so its your job to find what length is best suited for exit and what for enter . example when we have two different length how it work on 4 hour
Pine Script™ indicator
by RafaelZioni
Dynamic Price ChannelsThis indicator plots dynamic price channels based on the security highest close and lowest open. The default is to display 8 core channels (with the option to plot the sub channel lines, off by default). It’s simple really—this just divides the price action into equal channels. I’ve found this pattern helpful across all markets. It’s dynamic because if a new high close or a new low close is created the all channels will adjust. The key levels are 75% (blue), 50% (aqua), 25% (blue). In between those key levels is a level separator. The high close and the low open are both red. These can all be customized in the settings. What you’ll typically see at these channel boundaries are price slow downs, reversals, support and resistance. Turning on sub-channels will provide further channel plots. On these sub-channels you’ll also see the same type of price action activity as mentioned above. I’ve developed a trading system where this indicator helps identify key pivot areas. Combined with a few other indicators and key EMAs this trade system provides high probability trades around these key channel areas.
Pine Script™ indicator
by RexDogActual
4
Key Distances (Weekly, Daily Open, & EMA)This indicator provides the pip value from various key levels I've found important in my trading system. The results are graphed. I suggest that you choose the 2 most important ones you want to graph otherwise the indicator gets difficult to read. The important data is the actual numbers but I've found it helpful to understand how a ticker moves in regards to weekly open and distance from 200EMA to be most helpful. Here is the order of the data listed: Distance from weekly open (green if above open, red if below open, also paints color on line) Distance from last week opening price Distance from daily open Distance to 200EMA Future Possible Updates: - customized EMA - Distance from weekly low/high
Pine Script™ indicator
by RexDogActual
Kawabunga Swing Failure Points Candles (SFP) by RRBKawabunga Swing Failure Points Candles (SFP) by RagingRocketBull 2019 Version 1.0 This indicator shows Swing Failure Points (SFP) and Swing Confirmation Points (SCP) as candles on a chart. SFP/SCP candles are used by traders as signals for trend confirmation/possible reversal. The signal is stronger on a higher volume/larger candle size. A Swing Failure Point (SFP) candle is used to spot a reversal: - up trend SFP is a failure to close above prev high after making a new higher high => implies reversal down - down trend SFP is a failure to close below prev low after making a new lower low => implies reversal up A Swing Confirmation Point (SCP) candle is just the opposite and is used to confirm the current trend: - up trend SCP is a successful close above prev high after making a new higher high => confirms the trend and implies continuation up - down trend SCP is a successful close below prev low after making a new lower low => confirms the trend and implies continuation down Features: - uses fractal pivots with optional filter - show/hide SFP/SCP candles, pivots, zigzag, last min/max pivot bands - dim lag zones/hide false signals introduced by lagging fractals or - use unconfirmed pivots to eliminate fractal lag/false signals. 2 modes: fractals 1,1 and highest/lowest - filter only SFP/SCP candles confirmed with volume/candle size - SFP/SCP candles color highlighting, dim non-important bars Usage: - adjust fractal settings to get pivots that best match your data (lower values => more frequent pivots. 0,0 - each candle is a pivot) - use one of the unconfirmed pivot modes to eliminate false signals or just ignore all signals in the gray lag zones - optionally filter only SFP/SCP candles with large volume/candle size (volume % change relative to prev bar, abs candle body size value) - up/down trend SCP (lime/fuchsia) => continuation up/down; up/down trend SFP (orange/aqua) => possible reversal down/up. lime/aqua => up; fuchsia/orange => down. - when in doubt use show/hide pivots/unconfirmed pivots, min/max pivot bands to see which prev pivot and min/max value were used in comparisons to generate a signal on the following candle. - disable offset to check on which bar the signal was generated Notes: Fractal Pivots: - SFP/SCP candles depend on fractal pivots, you will get different signals with different pivot settings. Usually 4,4 or 2,2 settings are used to produce fractal pivots, but you can try custom values that fit your data best. - fractal pivots are a mixed series of highs and lows in no particular order. Pivots must be filtered to produce a proper zigzag where ideally a high is followed by a low and another high in orderly fashion. Fractal Lag/False Signals: - only past fractal pivots can be processed on the current bar introducing a lag, therefore, pivots and min/max pivot bands are shown with offset=-rightBars to match their target bars. For unconfirmed pivots an offset=-1 is used with a lag of just 1 bar. - new pivot is not a confirmed fractal and "does not exist yet" while the distance between it and the current bar is < rightBars => prev old fractal pivot in the same dir is used for comparisons => gives a false signal for that dir - to show false signals enable lag zones. SFP/SCP candles in lag zones are false. New pivots will be eventually confirmed, but meanwhile you get a false signal because prev pivot in the same dir was used instead. - to solve this problem you can either temporary hide false signals or completely eliminate them by using unconfirmed pivots of a smaller degree/lag. - hiding false signals only works for history and should be used only temporary (left disabled). In realtime/replay mode it disables all signals altogether due to TradingView's bug (barcolor doesn't support negative offsets) Unconfirmed Pivots: - you have 2 methods to check for unconfirmed pivots: highest/lowest(rightBars) or fractals(1,1) with a min possible step. The first is essentially fractals(0,0) where each candle is a pivot. Both produce more frequent pivots (weaker signals). - an unconfirmed pivot is used in comparisons to generate a valid signal only when it is a higher high (> max high) or a lower low (< min low) in the dir of a trend. Confirmed pivots of a higher degree are not affected. Zigzag is not affected. - you can also manually disable the offset to check on which bar the pivot was confirmed. If the pivot just before an SCP/SFP suddenly jumps ahead of it - prev pivot was used, generating a false signal. - last max high/min low bands can be used to check which value was used in candle comparison to generate a signal: min(pivot min_low, upivot min_low) and max(pivot max_high, upivot max_high) are used - in the unconfirmed pivots mode the max high/min low pivot bands partially break because you can't have a variable offset to match the random pos of an unconfirmed pivot (anywhere in 0..rightBars from the current bar) to its target bar. - in the unconfirmed pivots mode h (green) and l (red) pivots become H and L, and h (lime) and l (fuchsia) are used to show unconfirmed pivots of a smaller degree. Some of them will be confirmed later as H and L pivots of a higher degree. Pivot Filter: - pivot filter is used to produce a better looking zigzag. Essentially it keeps only higher highs/lower lows in the trend direction until it changes, skipping: - after a new high: all subsequent lower highs until a new low - after a new low: all subsequent higher lows until a new high - you can't filter out all prev highs/lows to keep just the last min/max pivots of the current swing because they were already confirmed as pivots and you can't delete/change history - alternatively you could just pick the first high following a low and the first low following a high in a sequence and ignore the rest of the pivots in the same dir, producing a crude looking zigzag where obvious max high/min lows are ignored. - pivot filter affects SCP/SFP signals because it skips some pivots - pivot filter is not applied to/not affected by the unconfirmed pivots - zigzag is affected by pivot filter, but not by the unconfirmed pivots. You can't have both high/low on the same bar in a zigzag. High has priority over Low. - keep same bar pivots option lets you choose which pivots to keep when there are both high/low pivots on the same bar (both kept by default) SCP/SFP Filters: - you can confirm/filter only SCP/SFP signals with volume % change/candle size larger than delta. Higher volume/larger candle means stronger signal. - technically SCP/SFP is always the first matching candle, but it can be invalidated by the following signal in the opposite dir which in turn can be negated by the next signal. - show first matching SCP/SFP = true - shows only the first signal candle (and any invalidations that follow) and hides further duplicate signals in the same dir, does not highlight the trend. - show first matching SCP/SFP = false - produces a sequence of candles with duplicate signals, highlights the whole trend until its dir changes (new pivot). Good Luck! Feel free to learn from/reuse the code to build your own indicators!
Pine Script™ indicator
by RagingRocketBull
21