Pivot Point Reversal Strategy Pivot point reversal strategy is based on the first support level’s price action during the bullish trend and the first resistance level during the bearish trend . Traders follow the main trend and enter into the trade after reversal analyzing pivot point levels. This version is an upgraded version, combining the initial pivot point...
This script looks for a period with increased volatility, as measured by ATR (Average True Range), then it looks for a high or a low in that area. When price is above EMA (200 is default, can be changed), it looks for the highs and adds multiples of ATR to the high. Default values for multipliers are 3,9 and 27, meaning that the script will show 3xATR level above...
Hello traders, I would like to introduce you pivot and liquidation zones. Levels are rendered based on pivot points. We are looking for confluence of liquidation lines in order to have the gist where the market could go. calculation for the liquidation lines are taken from Bybit. It's good to look for line clusters. Indicator doesn't tell you where the market...
Similar to the previous script on Elliot Wave Impulse: But, here we are trying to use multiple zigzags instead of just one. You can select upto 4 different Zigzags and set different length, line color, line width and style for each. Parameters ShowZigZag , ZigZag Length, ZigZag Color, ZigZag Width, ZigZag Style can be used for adjusting these. ...
This script draws a horizontal line that starts in the daily open (00:00 UTC) Basically I did this since lots of times price come back down/up to the daily open and then bounces, meaning we can take trades based on this. Hope you enjoy it. PD: Took the code from infernix, all the credits to him, I know shit about coding. Infernix TDV Profile:...
Returns pivot points high/low alongside the percentage change between one pivot and the previous one (Δ%) and the distance between the same type of pivots in bars (Δt). The trailing mean for each of these metrics is returned on a dashboard on the chart. The indicator also returns an estimate of the future time position of the pivot points. This indicator by its...
Multi Range VWAP Pivots turned out to be one of my most accurate pivot indicators to date! Multi Range VWAP Pivots works by recognizing the high and low of the timeframe selected (D, W, M, 6M, and 12M) and plotting range high to VWAP averages and range low to VWAP averages. After further examination of each completed range, I came to the conclusion that due to...
Limited quarter level script but more flexible in compared to my FX script, same logic behind
I created this as basis for my next scripts. We are just trying to plot multiple zigzags with different length basis here. Input allows you to select different Length , Width , Color and Line Style for each Zigzags. Max_pivot_size says how many pivots each Zigzag can have. Value 100 means, each zigzag will show 99 lines joining 100 points. Additional...
This script could help to see edged level for a reverse on forex, not for yen pairs and is based on quarter and round number theory. I suggest to use it on H4 timeframe or lower to have a confermation on support or resistance level.
Back to my favourite supertrend. But, this time on the basis of zigzag pivots. This is similar to forming supertrend based on pivot high lows - but instead of using pivot poitns, we are using zigzag pivots here. Zigzag is derived using the same method as this script: But, have removed labels and display options of zigzag. Older lines are also immediately...
SD - Average True Range - Daily Weekly Monthly Yearly v5 It gives ATR intervals as 4 hours, daily, weekly, monthly and yearly. The expectation is to fill the ATR targets within the specified ranges. It can be used to determine target points on charts with a clear direction on the train. Unlike the previous version, it is provided to use 2 different periods in...
This is recreation of Donchian Channel - Pivot High Low indicator present here: But, instead of traditional pivot high lows, this is based on pivots created from zigzag indicator. This indicator is created on top of existing Zigzag indicator using lines array: Parameter HighLowLength refers to number of zigzag lines back which can be used to calculate top...
Hi Friends & TradingView community. Greetings to you. Some traders like to use Central Pivot Range (CPR) in their chart for assessing price movement. It is usually used in combination with Pivot Levels. Calculating CPR is a simple matter. There a few CPR scripts in the Public Library, but have the code hidden. I thought there may many users who may want to know...
This is a variation on my other Breakout Trend Follower script. In the other script, you can use a moving average to act as a filter for your trades (i.e. if the price is below the moving average, it won't go long). After making the tool that detects trends on higher timeframes, I wanted to see if that might be a better filter than a moving average. So this...
Hello All, This script calculates and shows Volume Profile for the fixed range . Recently we have box.new() feature in Pine Language and it's used in this script as an example. Thanks to Pine Team and Tradingview!.. Sell/Buy volumes are calculated approximately!. Options: "Number of Bars" : Number of the bars that volume profile will be...
Pivot points from 4 different Markets: DailyPivot: BYBIT:BTCUSD AsiaPivot: OKCOIN:BTCUSD ForexPivot: FOREXCOM:BTCUSD TradestationPivot: TRADESTATION:BTCUSD
Shows the Margin Pressure Zones for longs and shorts Longs & Shorts based on 2 Base prices to be configured by you. For definition of "Margin Pressure Zones" see: www.investopedia.com