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Pivot Points

VWAP Alerts V3VWAP Alerts signal over bought/over sold conditions, relative to volume weighted average price, while deviation bands plot an extremely accurate point of mean reversion. VWAP Alerts V3 includes multiple timeframe selection, along with multiplier input for deviation band setting Alerts can be set for each individual band, for extreme oversold/overbought conditions, use "Vwap Low Deviation 4" and "Vwap High Deviation 4". Alerts can also be set for VWAP bounces, by simply setting "VWAP Alert"
Pine Script™ Indikator
von dysrupt
9
Parallel Pivot Lines [LuxAlgo]Displays lines connecting past pivot high/low points with each line having the slope of a linear regression. This slope can also be controlled by the user with the 'Slope' setting. Each line can be used as a support or resistance by the user. Settings Length : Pivot length. Use higher values for having lines connected to more significant pivots points. Lookback : Number of lines connecting a pivot high/low to display, with a total of lines equal to Lookback*2 Slope : Allows the user to multiply the linear regression slope by a number within -1 and 1 Limitations The script has currently several real time behavior limitations. Lines are displayed retrospectively and will not update with the arrival of new bars. Readjusting the indicator to newer pivots will require the user to either hide/unhide the indicator or change its settings. High Length or Lookback values might not return any lines if the location of a pivot point is outside the defined buffer size of the indicator (set as 5000 bars). How To Use The indicator can be used to get supports and resistances and is more so closer to a drawing tool due to its limitations. The lines not updating with the arrival of new bars have the advantage of providing fixed supports/resistances. The Slope setting allows the user to control the angle and direction of the lines. Using a Slope of 1 will return lines with the same slope as the one of a linear regression fit from the farthest pivot point displayed by the indicator to the most recent bar. The chart above shows the indicators and a linear regression in orange. If you want to have horizontal lines, use a Slope equal to 0. Finally using a negative slope value will allow the user to have lines in opposite directions to the main trend. Conclusion We hope you like this indicator (drawing tool) and find it useful for drawing your support & resistances in a unique way!
Pine Script™ Indikator
von LuxAlgo
27
Higher Order PivotsFirst order pivot points are defined as 3 or 5 bar "V" shaped patterns. For example a high with a lower high either side of the peak and in the case of the 5 bar variant with lower highs adjacent to a high below the peak. Second order pivot points are defined by three first order pivots in the same manner. For example a peak pivot high with a lower pivot high to either side. Third order pivots follow the same pattern, a peak second order pivot high with two adjacent second order pivot highs. As it can take a significant and variable amount of time before higher order pivots are confirmed, it is generally inadvisable to use higher order pivots for live trading! However they can be used for historical analysis. For example to delineate market structure of major market inflections. For example : Delineating market structure using 2nd order pivots derived from 3 bar, 1st order pivots Major market inflections from 3rd order pivots derived from 5 bar, 1st order pivots
Pine Script™ Indikator
von rumpypumpydumpy
24
[SK] Fibonacci Auto Trend ScouterThe FATS - Fibonacci Auto Trend Scouter automatically draws active trends from 2 different timeframes along with Fibonacci Support and Resistance levels. It also has a Sights feature for each timeframe which points from it's middle towards the current price. The tool is also highly customizable for you to take this indicator over 9000. If you like the tool and it adds value to you - share the love on the like button and visit my profile to check out my other indicators and subscribe, so you're notified of my next scripts and ideas! Automatic Trend Lines The indicator takes in 2 timeframes to detect High and Low values from which to draw the trend lines of each timeframe. As the values change with price movement, the lines are updated. They are color coded for uptrend and downtrend based on the direction of each individual line. Trend lines can be set up to color with only the default value on the configurations panel. - Toggle on/off Color Coded - Change Default, Uptrend, Downtrend color - Change Line Width - Change Line Style - Toggle on/off Line Extensions - Change Extended Line Width - Change Extended Line Style - Toggle On/Off labels for 7 data points of each timeframe Automatic Trend Sights This is a neat feature that may help you get a better feel for the direction the current movement is heading towards in correlation with the short or medium length timeframe trends. The sight draws a line from the middle vertical point of the trend coordinates towards the current price. They are toggled off by default but can be enabled in the configurations panel. - Toggle on/off sight on each timeframe - Change Width - Change Line Style Automatic Fibonacci Levels The tool has a very useful feature to automatically detect the highest and lowest value from the short timeframe to calculate Fibonacci support and resistant levels. To keep the chart area clean, the lines are drawn short by default towards the right side of the price but provide inputs to increase the size of the level lines towards the left and right direction. A triangle label appears to the side of each line which holds the Fibonacci level and price data inside the tooltip, hover over them to activate. - Toggle on/off color coded - Change Default, Resistance, Support colors - Change line size towards the left and right side - Change line width - Change Resistance line style - Change Support line style - Toggle on/off High and Low source line - Toggle on/off High and Low source labels
Pine Script™ Indikator
von sirkriz
152
Gunzo Market SRGunzo Market SR is a set of 3 tools combined for trend analysis on day trading strategy. VWAP (Volume Weighted Average Price) : The VWAP indicator is generally used for trend analysis. For example if the VWAP line is under the closing price for a long period of time, the trend is strong. In this script, the VWAP has been optimized for day trading as the indicator is calculated inside the daily range, and resets when a new day starts. This way the indicator reflects the daily trend and not the overall trend. You can also use the position of closing price according to the VWAP to find optimal entry points according to the indicator. Highs / Lows : The Highs / Lows are generally used for trend analysis too. The High / Lows are mainly used to identify prices that have been key during the past and that we can use as an indication for the following candles. In this script, the Highs / Lows are computed on the daily period and then displayed on the current period (recommended to use on a daily period or lower). This way the indicator reflects the highest point and the lowest point of the day (can be modified to have a longer range of pivot days even if I recommend to stay on 1 day for day trading). Support / Resistance : The Support / Resistance is generally used for trend analysis too. The Support / Resistance are found by searching local high and lows. The longer the supports and resistance are, the strongest it can be considered. In this script, the Highs / Lows are computed by default on a lower time frame (usually 3-4 times lower). For example on a 15 minute graph, the Highs / Lows will be computed on the 5 minute graph (can be modified if the displayed result is not optimized for your asset). How to use this set of tools : I personally recommend to use this tool at the start of your day of trading. This way you will get a clear vision of the daily situation and try to identify key prices and the trend for the current day. I then suggest to set up an alert on the key price to be notified when you're getting close to it.
Pine Script™ Indikator
von Gunzo_TV
11
Strongholds - Objective & Accurate Reference Points / StructuresVery early in my trading career, I came across Pivot Points only to find out that there are as many calculations as one pleases. It was hard to find out which ones work. Most of them probably did only out of randomness, so I ditched the strategy and looked for something else. I previously used my Oracle Eye and Reference Points scripts but it is time for an upgrade. Stronghold is a script I have used for quite some time now. I ditched daily and weekly closing prices as not that important. Instead, Strongholds are equipped with: ►Daily High & Low • Azure color ►Weekly High & Low • Dark blue ►Weekly old High & Low • Semi-transparent dark circles ►Monthly High & Low • Wizardly purple There is an option to print: ►4h High & Low • Semi-transparent red ►VWAP • Lovely purple ►Weekly VWAP • Black All of the levels and lines are set for 1m, 5m, 10m, 15m, 30m, 1h, 4h, 1D timeframes. If you use any alien timeframe, you may need to enter the code. You can opt-in and out for certain timeframes. For example, daily levels are visible from 15m or 30, so the indicator won't draw them unless you want to. However, they will not be seen on higher timeframes as there is no reason to show them and oversaturate the chart with lines. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Remember that if you use this script with auto-scale, you need to tick Scale Price Chart Only . Otherwise, your chart will fly to the moon! Good luck & have fun!
Pine Script™ Indikator
von OrcChieftain
8
Gann Fan Analysis v 3.0The openness of this community is amazing and I have gained a lot from being a member. Hopefully you think this is useful so I can give something back. This indicator constructs a reference framework of Support and Resistance levels based on Gann Fan ratios. Two fans are created: Support or Bullish fan, and a Resistance or Bearish fan. The origin of the analysis is the lowest pivot in the analysis window set by the length input. The upper bound of the analysis is the highest pivot in the analysis window. This is the only user input that affects the fan calculation. The remaining user input controls the visualization of the fans. The fan calculations are updated as the high and low within the analysis window change. The resistance fan range is based on an assumed 70% retracement. Indicator also highlights the active Support and Resistance lines of each fan. An alert is also included, based on the price crossing one of these active levels. Currently I can't figure out how to get the analysis to extend beyond 278 or so bars (not sure what the limitation is) so it isn't really useful for intraday timeframes, but it is reliable on daily and above. I use it on a Weekly view with the analysis length set to 52, and on a daily timeframe with the length set to 260. I included fractal visualization using Ricardo Santos' Fractals v9 script as a means of confirming the Gann Fan pivots. The two methods seems to correlate well, in my opinion. The coding is terrible, I'm sure, so please overlook that as this my first complex effort. I'm a total amateur!
Pine Script™ Indikator
von jphlong
23
FIBS S/R IndicatorHello, I've decided to publish a new script. The previous version of this script was removed by admins for breaking community rules. So I present to you the Fibonacci Support / Resistance. 1. How does it work Ratio plots I first take the input of pivot look back and search for pivots high and low. And then it takes a second look back to search highest high and lowest low to establish the top bottom range. Then using the top and bottom I plot ratios provided as input. Defaults to most relevant 5 ratios I've found (Fibonacci): Ratio 0 = 0 - can't be changed Ratio 1 = 0.5 Ratio 2 = 0.618 Ratio 3 = 1 Ratio 4 = 1.618 Ratio 5 = 2.618 Any changes done to these ratios should be in order, otherwise conditions could get messed up. So R1 needs to the lowest and R5 the highest. Also the same ratios are used in reverse as negative ratios. There is a option to plot all ratios but gets really confusing for me but maybe for you it works. By default there are certain conditions set so that as we go up new resistance ratio get displayed and as we go down we see new resistance plots. Trendlines I've also added some automatic trendline plots with breakout warning labels based on the pivots high and low. Start and end for trendlines can be changed via inputs. Labels can be deactivated via input. On a older version the trendlines and labels where not removed from the chart but I felt like there was to much information. Overcooked/Undercooked I've also added some fills and background colors that indicate if the price action is over R5 or under Negative R5 ratios. This usually indicates some "overcooking" or "undecooking". I've notices that after "crossunder"/"crossover" top bottom ratios it goes in consolidation or it dumps. So then I plot a bgcolor to signal that. 2. How to use it Using plot lines we can determine where we have support and resistance. I found that the best way to use the default ratios values is on the 1H chart. Very good for trading on crypto because of current situation in the market where there is a lot of new people entering the space and volatility and sentiment make swings respect the Fibonacci ratios. 3. Examples For instance lets look at BINANCE:BTCUSDT . On the left we see that the price action between 20 and 21 February was "overcooked". So after we got the signal that we "crossunder" the R5 the signal was triggered and we got a small red candle followed by a small dip and after that we got a small bounce and a dump. If we also look at MF-RSI we can also see we got multiple bear divs. Lets entertain the idea that we went short at ~57.1k as soon as we get signaled and it starts dumping. Where does it stop ? We can see it went all the way down to Negative R5 ratio. Normally that should signal "undercooking" but this was not triggered as it did not close under it (signaled in green). We can also see that previous support now becomes resistance (signaled in red). If we take a look at BINANCE:ETHUSDT , we do see that the "undercooking" was triggered here. I will be publishing a more detailed Idea with examples of using this on the BINANCE:BTCUSDT chart in combination with Volume and other technical analysis. Use with caution, this is not 100% signal indicator as the markets do what they want. But by using this in combination with other indicators like MF-RSI, EMAs and regular patterns we can get some targets for Support/Resistance. I'm trying to create a strategy based on this indicator but I'm not getting very good results. Best results were on the 15 min chart with gross profits around ~50%. Please try to play around with the inputs and let me know if you find something interesting, maybe I can incorporate new features in the indicator. You can find the MF-RSI indicator here
Pine Script™ Indikator
von CryptoSlots777
1
ACD - Layers 1 & 2An implementation of layers 1 & 2 of ACD strategy of Mark Fisher, based on the book "The Logical Trader". This implementation contains: - OR lines - A lines - C lines - Daily pivot range - N days pivot range - Customizable trading session Strategy summary (This implementation): There is 3 main concepts, each of which represented as two price levels. 1) OR (Opening Range) is the range of the first bar of the day. In other words, it's just "high - low" of the first resolution (usually 15min.) bar of the day. So, OR lines (Aqua color) visualize this range for each trading session. As stated by Mark Fisher in his book, this range is meant to be a statistically significant range such that when price breaks the range in one direction, This is UNUSUAL to infiltrate it again AND break through the other side. So we can consider it as a potential enter signal (long or short). 2) A lines (Blue color) are drawn above and below OR lines with difference of 10% 0f 10 days ATR. The ATR period and the A multiplier (usually 10%) is customizable. 3) C lines (Gray color) are drawn above and below OR lines at 15% of 10 Days ATR difference. These lines help detecting AND confirming that UNUSUAL situation. These concepts form the layer 1, which you can spot potential opportunities with it. There is also two ranges to show support and resistance levels based on price action of previous days. Pivot ranges are rolling ranges that calculated and last for each day separately. They only differ in calculation period - the first one is daily (yellow color area) and the other one (red color area) is customizable, but is usually 3 or 5 days. Each range consists of two price levels, valid for the current trading session. One of theme is HL2 , and the other one is "HLC3 + abs(HLC3 - HL2 )". These two ranges, "Daily pivot range" and "N days pivot range", form the layer 2, which you can see them as two dynamic support/resistance ranges - one for daily, and the other for N days. They help filtering opportunities spotted from layer 1. There is 2 more layers in the ACD strategy, which is omitted in this free implementation.
Pine Script™ Indikator
von QuantCT
32