Pockets Pivot were introduced by Gil Morales and Chris Katcher in the book "Trading like an O'Neil Disciple",
Pocket Pivot day occurs when the Volume has been higher than any down day 10 days prior and with a positive close.
Here is shown 5 days Pocket Pivots and 10 Days Pocket Pivots
Shows central pivot point and developing central pivot point and colors both pivot ranges based on pivot criteria without using security function calls.
Green - Indicates up trend
Red - Indicates down trend
Orange - Indicates pivot point territory
This script aims to take into account mutable variable Pivot Points' periods.
While doing this, it takes the period between 2 signals that I use in the script:
And these periods in my Pivot HL function integrated into len length (Mutable variables) :...
-This indicator doesn't tell you the market condition (BUY or SELL)
- Totally dependent on your knowledge
- Projects the Key Levels of a single time frame on the chart
- Watch out for rejections at these levels
- Identify breakouts at these levels with strong confirmation like RETEST (as Level Role Reversal)
This indicator is suited for intraday trader or swing trader or scalper and BTST trader AND BIG THING IS FOR TECHNOFUNDA INVESTOR
time frame to use: best suitable time frame is 5min and 15 min if ur swing trader then use hourly
intraday rule: buy when arrow suggested with buy with SL below trailing super trend
BTST rule: buy when arrow triggered buy or sell...
Standard Traditional Pivot Points are calculated from the previous day (or another period) close/low/high. But what is the day close for cryptocurrencies trading 24/7 on exchange? Does it make sense to use a specific time price as a close if it continue trading after that?
So I decided to solve that issue with Rolling Traditional Pivot Points where I calculate...
This indicator draws 3 exponential moving averages.
It is coded according to the concept of pivot-based exponential moving averages. It visually reveals value opportunities during trending markets.
The moving averages are constructed based on pivot/typical price.
Typical price = (H+L+C)/3
There are 3 groups of exponential moving averages calculated using a...
The Central Pivot Range (CPR) is one of the most versatile price-based indicators available to traders. This versatility makes this indicator a mainstay in my trading arsenal.
Some authors have called the pivot range the “meat of the market”, while others refer to the central pivot point as the “heartbeat of the indicator”. In my opinion, the central pivot...
This study contains:
- A complete set of pivot calculation. Standart, Fibonacci, Woodie, Camarilla
- Standart Pivot with extended support and resistance levels.
- ALMA a new generation moving average indicator which succesfull to follow trend changes.
- System28 EMA Based trend follower. (Thanks to great master Ali Ömür)
- Auto Trend Lines drawing tool with...
This is not a simple CPR, this includes much more than a simple CPR. Typically a price action based trader use some other support and resistance combined with CPR and I am trying to combine all of them in one single indicator.
In the case of CPR this indicator supports only daily CPR but shows Weakly and Monthly pivot if you want on chart. Other than CPR, this...
This entry indicator was inspired by John Ehle'rs "Fractal Adaptive Moving Average"
It's a very sensitive entry indicator that must be paired with a long-term trend detector in order to filter false positives.
Warning I have not backtested this indicator and will not make any claims to its performance.
Visually, it looks promising, however, backtesting and...
This script is based on the approach of filtering signals by checking higher timeframes.
So basically setting higher numbers in "Strength Of Levels" option, will make the indicator check for support and/or resistance levels in timeframes higher than the current.
Unfortunately, I was forced to still use inefficient built-in functions pivothigh() and pivotlow(). I...
Standard Fibonacci Pivot Points are calculated from the previous day (or another period) close/low/high. But what is the day close for cryptocurrencies trading 24/7 on exchange? Does it make sense to use a specific time price as a close if it continue trading after that?
So I decided to solve that issue with Rolling Fibonacci Pivot Points where I calculate pivot...
Pivot Levels Detector is the script based on idea about breakouts of pivot levels which based on certain numbers of bars used for reaching the target and breakout the level. Working timeframes are H4 and 2D . The script works better with BTCUSD, ETHUSD, EOSBTC, AAPL, TSLA.
The script doesn't use any moving averages or other relative methods...