# Advantages over TV's indicator "Pivot Points Standard"
1. Show pivot lines for all history, which lets you gauge trading strategies throughout time
2. More sensible Default/Auto time frame; e.g. on intradays only and always the market values of yesterday's Day are used
3. The halves between the key levels are also shown, which it's useful for some...
Hello, beginner in trading here. Use this at your own risk.
Commission : 0.05%
Time Unit : 5 min
Backtest range : 15 days (looking like that is the maximum in 5 min UT)
Initial capital : 1000€
How it works :
Long entries and exits. That's all, no pyramiding, no shorting.
It takes the first buy signal (green triangle) and the first sell signal (yellow...
I could not find a pivots script that was entirely to my liking on TV so I re-worked this from the 'Shifted Pivots V1' script by RicardoSantos.
You can choose which timeframe pivots you would like to display from day, week, month, and year.
You can also choose how many levels of S/R you would like to show.
Demark Pivot Points start with a different base and use different formulas for support
and resistance. These Pivot Points are conditional on the relationship between the
close and the open.
You can change long to short in the Input Settings
- For purpose educate only
- This script to change bars colors.
Draws horizontal segments where the last Monthly, Weekly, Daily and Hourly closes are.
Easily identify current price relative position to these key prices.
I use it as a kind of pivot points and help me with trend following entries: longs if up from last close, shorts if down from last close.
Monthly: red line (MMMMM)
Weekly: orange line (WWWWW)
Plots the standard deviation resistance/support levels.
Input the previous settlement price and the implied volatility.
credit to u/UberBotMan and u/Living_Granger for the idea and formulas
(preview example is using settlement of 2420 and IV of 11)
Candle based indicator that shows swing highs and lows (pivots).
It draws an up or down arrow for simple three candle 'single' swings.
For stronger five candle 'double' swings, it colours the candle. Good for highlighting stronger reversals.
Both of these stylings can be toggled on/off individually.
Swing HIGH on an UP candle: bright...