PRP is a combination of Pivot Reversal and PSAR Strategy. With this strategy, I tried to be in a position for big moves in the market. The strategy uses Pivot Reversal entries with an additional condition that TR of entry bar should be at least X ATRs. This allows to filter out some false signals. For exits, I recoded the PSAR indicator as trailing stop loss. So...
So, you've been using Floor Trader Pivots to great success, but sometimes an instrument just blasts through the 3rd level of support or resistance. What then? Well, that's where the 4th-6th levels come in. See above in an example from GBPUSD this week where something happened that made the currency pair surge through the 3rd level of resistance. Where did it go?...
This is an advanced form of MUPS pivot intraday trading system. Use this indicator with the following indicators : 1) IndianPivotBossPivotShift. 2) IndianPivotBossPivotRSI 3) PBOscillator 4) IndianPivotBossADMIN When all the four indicators are sloping upwards, the long setup is triggered. The indicators bars turns blue when each of them begins to slope...
Normaly Pivot is calculate from the last candle. Future Pivot is calculate from the running candle. The Future Pivot Indicator is usefull at the end of a period (11pm, Sundays, and end of the month) Have Fun Please do not Copy&Paste, use this Link Have Fun
I have included the main support and resistance pivot point levels for the Fibonacci Pivot Points. I changed the bar colors to reflect buy and sell points so if a bar is green then that means to buy it and if it is red then sell it Let me know if you would like to see me do any other indicators!
Hello All, This is backtesting result of following indicator/strategy. I didn't work on adding other indicators. maybe in the future I can try to combine this with other indicators. You can visit following link to see "Pivot Point SuperTrend" . by using this backtesting tool, you can test&find better options There is option "Use Center Line to Close Entry...
This is the MACD of developing cpr width. This indicates whether the market is trending or ranging. If the indicator is upward sloping, it means the market is likely to trend. If the indicator is upward sloping and crossed zero, it means the market is most likely in a trending mode. Hence trades should be considered only during these phases. If the indicator is...
This is a new avatar of Pivot RSI. Pivot RSI shows the momentum of the market. A cross above 50 is a bullish momentum and below 50 is a bearish momentum. This is a strategy on its own. However, this is to be used in combination with IndianPivotBossMUPS indicator which is available in the public library.
This is a new avatar of the MUPS (ManojUltimatePivotScalpingStrategy). This Indicator is to be used with the following Indicators : 1) IndianPivotBossPEMA 2) IndianPivotBossPIVOTRSI 3) IndianPivotBossDPWMACD 4) IndianPivotBossPIVOTSHIFT BcondA = crossover(close,dtime_up) or low > dtime_up BcondB = crossover(low,imap) or crossover(low,dpivotema) or...
Pivot EMA with color codes indication the possible direction of the market. Also added prefix to the name of the indicator for easy identification of my indicators. Upward sloping bands indicate uptrend and Downward sloping band indicates downtrend. Upward sloping and downward sloping are differentiated using color codes for easy visual identification.
Hello Traders! The indicator uses RSI levels and normal floor trader pivots to find exit and entry points. In the indicator options you can choose the indicator from pull-down menu. How it works? - Checks if two consecutive candles are bullish/bearish. - Looks for RSI oversold /overbought conditions. - Initates a buy /sellorder . - Stop loss can be places...
Price action formation like a confirmation to get in to the trade. Based on 3 candles. 2HH formation= High-> higher high-> open above and close below high of the first bar. 2LL formation= Low-> lower low-> open and close above low of the first bar.
Pivot high low based on 3 candles. Pivot low= low->lower low->higher low. Pivot high = high->higher high> lower high. That shows me referal points where i would like to setup stop loss. It also shows me trend or rotation and supports and rezists.
This script show me iniciative move. It it based on 3, 4 or 5 candles thats contains pivot low/high and hidden gap. I use that with volume profile to confirm that the gap is really made with "big players". It shows me momentum in the market. For intraday i am using that on 1h chart and swing 4h and daily chart.
=========== Highs & Lows of Last Bars =========== We have found this indicator invaluable over the past few years - whether you prefer to trade Crypto, Forex, Commodities or something else this indicator could prove really useful. It's always nice to know the highs and lows of the last Week or Month, the problem being the information is only really relevant...
standard pivot points re-written with circle plots. Only shows the current pivot points. P, R1/R2, S1/S2 I don't use R3, R4 etc. so I didnt include them but feel free to modify the code. You can change the resolution in indicator settings, default is set to Monthly. Also to change the size of the circles all at once, you can input a number 1-4 in the inputs section.