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Pivot Points

Fib Percentage Previous Day CloseIntraday regulated markets move within their circuit range above or below which the market activity is halted. These levels are protected by the MM to accumulate or distribute. These levels are mostly same for all markets i.e. 2%, 4% , 5%, 10% and 20% of previous day close, crossing which the market activity halts. So, from here the expectation of turning or breaking increases. This indicator automatically plots the levels and helps understanding the price behavior at these points. This in turn helps taking better RR trades.
Pine Script™ indicator
by raveshave
1
Pocket Pivot with extrapolated Volume and Moving AveragesThe script shows historical pocket pivots, much as other scripts with a green diamond shape on the volume pane. When the market is open, the current bar, however, is extrapolated to the end of the day using a sixth-order polynomial. Thus real-time pocket pivots are shown. To work properly, the user must input a time-zone offset parameter; the default is west coast USA. Time-zone offset is -12 hours to +12 hours compared to the NYSE exchange time zone (USA west coast: -3.) The volume extrapolation polynomial is based on a historical NASDAQ intraday volume model developed locally by a team. Only ten-day lookback pocket pivots are computed as defined initially by Dr. Chris Kacher. (The default lookback can be changed by the user.) Only pocket pivots are shown where the low of the daily bar is within user-defined proximity to the 50-day moving average or 10-day moving average (for continuation pocket pivots.)
Pine Script™ indicator
by jmikes
Divergence DetectorOverview: - Identifies divergence on the specified indicator. Support for additional indicators in development. - Divergence labels indicate strength of divergence, making it easy to spot stronger divergence. - Fully customizable (including inputs for indicator type and length, pivot lengths, divergence type, lookback range, price source, and more), allowing you to see exactly what you want based on your chart type and timeframe. Inputs: See tooltips on Inputs page in settings. Please report any issues/bugs, enhancement suggestions, or requests for additional indicator support.
Pine Script™ indicator
by reees
19
SGX Nifty OHLC for Nifty 50 IndexSGX Nifty OHLC for Nifty 50 Index What is this Indicator? • This indicator calculates the OHLC levels of SGX Nifty. How does SGX Nifty impact NIFTY and the Indian Market? • Helps in predicting NIFTY50 Index behavior. • The closing price of today's 9.14 am (IST) SGX Nifty will be the Open of today's Nifty50 Open. This helps to determine the opening Gap of Nifty50. • SGX Nifty OHLC levels can act as support and resistance in Nifty50. Who to use? • Beneficial for Day Traders, who trade in NIFTY Index. What timeframe to use? • Use 1 minute for better accuracy. • Other timeframes will also work. Important Note • Use 1 min timeframe for accurate OHLC. • In other timeframes OHLC will have negligible difference, it won't be huge. • This indicator will appear only on NIFTY Index and Futures chart. • To hide the warning label go to the indicator Menu.
Pine Script™ indicator
by Arun_K_Bhaskar
7
Adaptive-Lookback Stochastic [Loxx]Adaptive-Lookback Stochastic is an adaptive stochastic indicator. The Adaptive lookback is truly a market-driven period input used to determine the variable lookback period for many different indicators, instead of a traditional, fixed figure. It is based on the frequency of market swings - the time between swing highs or swing lows. A swing high is defined as two consecutive higher highs followed by two consecutive lower highs; a swing low is defined by two consecutive lower lows followed by two consecutive higher lows. As swing points typically accompany reversals, they occur more frequently in choppier and volatile markets than in trends. Adaptive lookback period is determined as : Determine the initial number of swing points (swing count parameter) to use in the calculation. Count the number of price bars it takes for the n swing points to form. Divide step 2 by step 1 and round the result. As an addition, adjust the "speed" of the produced period using the speed parameter - the smaller the speed parameter, the "slower" the average, and vice versa Included Bar coloring Loxx Expanded Source Types 3 types of signals: levels crosses, slope, and middle crosses Alerts
Pine Script™ indicator
by loxx
Support Resistance Channels/Zones Multi Time FrameHello All, For long time I have been getting a lot of requests for Support/Resistance Multi Time Frame script. Here ' Support Resistance Channels/Zones Multi Time Frame ' is in your service. This script works if the Higher Time Frame you set is higher than the chart time frame. so the time frame in the options should be higher than the chart time frame. The script checks total bars and highest/lowest in visible part of the chart and shows all S/R zones that fits according the highest/lowest in visible part. you can see screenshots below if it didn't make sense or if you didn't understand Let see the options: Higher Time Frame : the time frame that will be used to get Support/Resistance zones, should be higher than chart time frame Pivot Period : is the number to find the Pivot Points on Higher time frame, these pivot points are used while calculating the S/R zones Loopback Period : is the number of total bars on higher time frame which is used while finding pivot points Maximum Channel Width % : is the percent for maximum width for each channel Minimum Strength : each zone should contain at least a 1 or more pivot points, you set it here. (Open/High/Low/Close also are considered while calculating the strength) Maximum Number of S/R : the number of maximum Support/Resistance zones. there can be less S/Rs than this number if it can not find enough S/Rs Show S/R that fits the Chart : because of we use higher time frame, you should enable this option then the script shows only S/Rs that fits the current chart. if you disable this option, all S/R zones are shown and it may shrink the chart. also you may not see any S/R zone if you don't choose the higher time frame wisely ;) Show S/R channels in a table : if you enable this option (by default it's enabled) then lower/upper bands of all S/R zones shown in a table ( even if it doesn't fit the chart ). you can change its location. zones are sorted according to their strengths. first one is the strongest. and the other options is about colors and transparency. Screenshots before and after zoom-out: after zoom-out number of visible bars and highest/lowest change and it shows more S/R zones that fits the current chart! if you see Support Resistance zone like below then you should decrease ' Maximum Channel Width ' or you should set higher time frame better: You can change colors and transparency: You can change Table location: Alerts added :) P.S. I haven't tested it so much, if you see any issue please drop a comment or send me message Enjoy!
Pine Script™ indicator
by LonesomeTheBlue
117
Pivot BreaksThere are built-in and published Pivot Point High Low indicators in Public Library. As far as I see none of them show the breaking candles or the trend. with the closing price crossing over the previous / current pivot high A bearish breakOut can either indicate the progression of a lower high pattern or a trend reversal with the closing price crossing under the previous / current pivot low A bullish breakOut can either indicate the progression of a higher low pattern or a trend reversal This indicator can show the first breaking candle or all breaking candles . It Can also show The Breaking state (Trend) based on the last break. Alert Mode is included, colour can be customised, Higher TimeFrame can be requested (it Can also cause repainting) Inputs are optional as possible so have fun with it Disclaimer: Scripts that I post publicly are experimental. They are not financial advices. Always backtest your ideas using your own methodologies.
Pine Script™ indicator
by sosso_bott
3
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.
Pine Script™ indicator
by Fontiramisu
Cup & HandleHi, here is my take on 'Cup & Handle' Pivot Points - ph  (highest points in a certain period) are stored in an array When there is a new ph , previous ph's are compared to the latest one. A temporary test line is drawn between these 2 points. The script checks if a close (between these 2 points) doesn't break above this test line. (test line is deleted afterwards) If it doesn't, and the '% max breaks' are not breached, 2 circle shaped lines are drawn (Top & Bottom line of the cup) which forms the Cup, together with the Handle. The red box (Handle) is the maximum 33-50% retracement (% of cup height) -> Only the latest pattern is shown, enabling 'Show Cup labels' shows the position of cup patterns in history. They can be visualised by using 'Bar Replay' '% max breaks' -> 'maximum highs/lows breaking through the Top/Bottom line (% of bars between left & right extreme points of the Cup) Settings: - 'Left', 'Right' -> regulates Pivot Point values - 'PP back' -> max lookback for Pivot High More explanation can be found in following print screens, or by checking the tooltips in the settings Cheers!
Pine Script™ indicator
by fikira
62
Monthly Returns of a Strategy in a ChartIt's a simple example of how you can present your strategy's monthly performance in a chart. You maybe know that there is no support of these kind of charts in TradingView so this chart is actually a table object under the hood. Table visual appearance is customizable, you can change: Location Bar Width / High Colors Thanks to @MUQWISHI for hard work, for helping 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.
Pine Script™ strategy
by QuantNomad
3
Mark StructureMark Structure is building the market swing structure, minor and sub structure and marks all possible insignificant pivots Building such structure is really complex task to do, that has a lot of obstacles and challenges. I'm doing my best to develop this indicator behaving in absolutely expectable and right way. Fill free to leave any comments or bug reports. it supports: - Marking all pivots with labels or join them continuously with trend lines. - Marking minor and sub structured swings with labels or join them continuously with trend lines. Marking BOS or SMS BOS, which are mbos. Minor and substructure are structures inside swing structure and it can differ from the structure of lower timeframe - Marking swings of swing structure with labels or join them continuously with trend lines. Marking BOS or SMS BOS of swing structure - Changing bullish and bearish colors of each kind of structures - Changing pivot labelings - Changing colors of BOSs Remarks: - As I told you guys before, it has a lot of challenging cases. eg we have swing low and high on the same candle and in order to decide which pivot goes first I take lower time frame data to figure out what pivot is the first, but it happens that on lower time frame the same issue takes place, due to limitation of TradingView I can't go infinitely to lower timeframes to solve this issue, so I mark those cases with labels - Another issue is very beginning of the trend its hard to detect swing structure there due to missing historical data. so skip a few waves in the very beginning - Don't expect to have minor and sub structure in each swing waves, its totally fine when you don't have them at all - Swing structure is the most significant structure and shows real price direction. Trend change is confirmed when for bull->bear the last HLbull LH>HH and HH-HL-HH are confirmed. You can change labelling for unconfirmed swing trend in the settings. By default its already done
Pine Script™ indicator
by MarkTools
49
Mark LevelsMark Levels is marking liquidity pools by drawing lines on their pivots and labelling them so that you can instantly detect them on your realtime chart It supports: - marking previous and current day lows and highs - marking previous and current week lows and highs - marking previous and current month lows and highs - marking equal lows and highs technically it re-builds them on the last bar or as soon as new realtime bar is updated. it looks with 1k bars back to find higher timeframe ranges and find lows and highs there Adjustments: - changing the line style of the group - changing the lines color and the labels on the groups - currently pools are split on 2 groups Period Liquidity and Equal Pivots Liquidity.
Pine Script™ indicator
by MarkTools
112
Unraided Liquidity and S/R PivotsThis indicator is designed to show key pivot points, also known as levels, which could provide good trade entries. Utilising liquidity concepts, untested pivot levels can be a good place to enter a trade after the pivot is tested, liquidity is taken and the direction reverses. Alternatively, utilising the option of viewing already tested levels, you can easily see the key support and resistance areas that price is likely to have a strong reaction to, whether it wants to go toward or bounce away from these levels. The indicator does not give buy and sell signals, it is up to you to use the levels to form your trading plan. Oorah.
Pine Script™ indicator
by Texmoonbeam
15
TriexDev - SuperBuySellTrendMinimal but powerful. Have been using this for myself, so thought it would be nice to share publicly. Of course no script is correct 100% of the time, but this is one of if not the best in my basic tools. Two indicators will appear, the default ATR multipliers are already set for what I believe to be perfect for this particular (double indicator) strategy. If you want to break it yourself (I couldn't find anything that tested more accurately myself), you can do so in the settings. Basic rundown: A single Buy/Sell indicator in the dim colour; may be setting a direction change, or just healthy movement. When the brighter Buy/Sell indicator appears; it often means that a change in direction (uptrend or downtrend) is confirmed. You can see here, there was a (brighter) green indicator which flipped down then up into a (brighter) red sell indicator which set the downtrend. Once you understand the basics of how it works - it can become a very useful tool in your trading arsenal. Typically I will use this and other indicators to confirm likeliness of a direction change prior to the brighter/confirmation one appearing - but just going by the 2nd(brighter) indicators, have found it to be surprisingly accurate. Tends to work well on virtually all timeframes, but personally prefer to use it on 5min,15min,1hr, 4hr, daily, weekly. Will still work for shorter/other timeframes, but may be more accurate on mid ones.
Pine Script™ indicator
by Xeirt
6
Price Pivots for NASDQ 100 StocksPrice Pivots for NASDQ 100 Stocks What is this Indicator? • This indicator calculates the price range a Stock can move in a Day. Advantages of this Indicator • This is a Leading indicator, not Dynamic or Repaint. • Helps to identify the tight range of price movement. • Can easily identify the Options strike price. • Develops a discipline in placing Targets. Disadvantages of this Indicator • The indicator is specifically made for NASDQ 100 stocks. The levels won't work for other stocks. • The indicator shows nothing for other indexes and stocks other than above mentioned. • The data need to be entered manually. Who to use? Highly beneficial for Day Traders, it can be used for Swing and Positions as well. What timeframe to use? • Any timeframe. • The highlighted levels in Red and Green will not show correct levels in 1 minute timeframe. • 5min is recommended for Day Traders. When to use? • Wait for proper swing to form. • Recommended to avoid 1st 1 hour or market open, that is 9.15am to 10.15 or 10.30am. • Within this time a proper swing will be formed. What are the Lines? • The concept is the price will move from one pivot to another. • Entry and Exit can be these levels as Reversal or Retracement. Gray Lines: • Every lines with price labels are the Strike Prices in the Option Chain. • Price moves from 1 Strike Price level to another. • The dashed lines are average levels of 2 Strike Prices. Red & Green Lines: • The Red and Green Lines will appear only after the first 1 hour. • The levels are calculated based on the 1st 1 hour. • Red Lines are important Resistance levels, these are strong Bearish reversal points. It is also a breakout level, this need to be figured out from the past levels, trend, percentage change and consolidation. • Green Lines are important Support levels, these are strong Bullish reversal points. It is also a breakdown level, this need to be figured out from the past levels, trend, percentage change and consolidation. What are the Labels? • First Number: Price of that level. • Numbers in (): Percentage change and Change of price from LTP (Last Traded Price) to that Level. How to use? Entry: • Enter when price is closer to the Red or Green lines. • Enter after considering previous Swing and Trend. • Note the 50% of previous Swing. • Enter Short when price reverse from each level. • If 50% of swing and the pivot level is closer it can be a good entry. Exit: • Use the logic of Entry, each level can be a target. • Exit when price is closer to the Red or Green lines. Indicator Menu Source • Custom: Enter the price manually after choosing the Source as Custom to show the Pivots at that price. • LTP: Pivot is calculated based on Last Traded Price. • Day Open: Pivot is calculated based on current day opening price. • PD Close: Pivot is calculated based on previous day closing price. • PD HL2: Pivot is calculated based on previous day average of High and Low. • PD HLC3: Pivot is calculated based on previous day average of High, Low and Close. "Time (Vertical Lines)" • This is a marker of every 1 hour. • Usually major price movement happen between previous day last 1 hour to today first 1 hour. • Two swings can happen between first 2 hour of current day. • At the end of the day last 1 hour another important movement will happen. • Usually rest of the time won't show any interesting movement. To the Users • Certain symbols may show the levels as a single line. For such symbols choose a different Source or Timeframe from the indicator menu. • Please inform if any of the Symbol's price levels don't react to the pivots , include the Symbol a well. • Also inform if you notice any wrong values, errors or abnormal behavior in the indicator. • Feel free to suggest or adding new features and options. General Tips • It is good if Stock trend is same as that of Index trend. • Lots of indicators creates lots of confusion. • Keep the chart simple and clean. • Buy Low and Sell High. • Master averages or 50%. • Previous Swing High and Swing Low are crucial. Important Note • Currently the levels are in testing stage. • Eventually the levels of certain symbols will be corrected after each update and test.
Pine Script™ indicator
by Arun_K_Bhaskar
4
Average Daily Range (ADR) (Multi Timeframe, Multi Period)Average Daily Range (ADR) (Multi Timeframe, Multi Period, Extended Levels) Tips • Narrow Zones are an indication of breakouts. It can be a very tight range as well. • Wider Zones can be Sideways or Volatile. What is this Indicator? • This is Average Daily Range (ADR) Zones or Pivots. • This have Multi Timeframe, Multi Period (Up to 3 Levels) and Extended Target Levels. Advantages of this Indicator • This is a Leading indicator, not Dynamic or Repaint. • Helps to identify the reversal points. • The levels are more accurate and not like the old formulas. • Can practically follow the Buy Low and Sell High principle. • Helps to keep minimum Stop Loss. Who to use? • Highly beneficial for Day Traders • It can be used for Swing and Positions as well. What timeframe to use? • Any timeframe. When to use? • Any market conditions. How to use? Entry • Long entry when the Price reach at or closer to the Green Support zone. • Long entry when the Price retrace to the Red Resistance zone. • Short entry when the Price reach at or closer to the Red Resistance zone. • Short entry when the Price retrace to the Green Support zone. • Long or Short at the Pivot line. Exit • Use past ADR levels as targets. • Or use the Target levels in the indicator for breakouts. • Use the Pivot line as target. • Use Support or Resistance Zones as targets in reversal method. What are the Lines? Gray Line: • It the day Open or can be considered as Pivot. Red & Green ADR Zones: • Red Zone is Resistance. • Green Zone is Support. • Mostly price can reverse from this Zones. • Multiple Red and Green Lines forms a Zone. • These lines are average levels of past days which helps to figure out the maximum and minimum price range that can be moved in that day. • The default number of days are 5, 7 and 14. This can be customized. Red & Green Target Lines: • These are Target levels. What are the Labels? • First Number: Price of that level. • Numbers in (): Percentage change and Change of price from LTP (Last Traded Price) to that Level. General Tips • It is good if Stock trend is same as that of the Index trend. • Lots of indicators creates lots of confusion. • Keep the chart simple and clean. • Buy Low and Sell High. • Master averages or 50%.
Pine Script™ indicator
by Arun_K_Bhaskar
63
Auto Round levels by Script051This indicator is designed to show psychological levels/round levels. The difference between this version and the others is that : It will automatically show round levels for each symbol you select without having to enter "tick value" manually. Settings Gap : If the value is equal to zero, the round levels will be found automatically, but if you change the value, the gap between the lines will be adjusted based on the value you specified. X2 and /2 : doubles or halves the distance between round lines Number of lines : Specifies the number of lines to be displayed
Pine Script™ indicator
by script051
Customizable Pivot Support/Resistance Zones [MyTradingCoder]This script uses the standard pivot-high/pivot-low built-in methods to identify pivot points on the chart as a base calculation for the zones. Rather than displaying basic lines, it displays a zone from the original pivot point to the closest part of the available body on the same candle. The script comes in handy by utilizing Pinescripts available input.source() function to allow for an external indicators output value to be used within the indicator. Make sure to read all of the TOOLTIPS in the indicator settings menu to get a full understanding of what each setting does, and how it can affect the results that end up on the chart. By enabling the custom filter in the indicator settings, you will notice you have the ability to filter out zones using an external indicator such as an RSI. Maybe you only want zones to be calculated/drawn when the RSI is overbought or oversold, or maybe you only want the zones to calculate/draw if the Supertrend is green or red. The list of possible filters that you can implement is too many to count. Feel free to play around with the indicator however you like, and configure something that you find to be the most useful for your trading. On top of everything listed above, the indicator has pre-programmed built-in alertconditions so that you can potentially automate trading, or get a notification to your cell phone when a zone is being touched/broken.
Pine Script™ indicator
by MyTradingCoder
17