Pivot Data [QuantVue]The Pivot Data Indicator is designed to provide traders with valuable insights by identifying and analyzing pivot points on the price chart. It calculates both pivot highs and lows, then presents detailed statistics on the distance and time between these pivots.
a pivot point is defined as a specific point on the chart where the price either reaches a high or a low, with no bars higher or lower than it for a set number of bars on both sides (left and right). Essentially, it's a local high or low point, with the market moving in the opposite direction after the pivot forms.
For example:
A pivot high occurs when there are no bars with higher prices for a specified number of bars before and after that point.
A pivot low occurs when there are no bars with lower prices for the same number of bars on either side.
The number of bars to the left and right is adjustable via the Pivot Lookback Bars setting, allowing you to define how many bars are used to determine these pivot points.
Key features include:
Pivot Highs and Lows Identification: Automatically marks significant pivot highs and lows based on a user-defined lookback period, helping traders identify potential trend reversals or continuation points.
Prediction Labels: Provides forecasted pivot levels based on historical pivot price and time patterns, with options to show predictions for pivot highs, lows, or any pivot point.
Customizable Table Display: Displays a table summarizing important statistics, such as the average price percentage and the number of bars between pivots, along with the distance and time from the most recent pivot.
Traders can use this tool to map out potential levels of support and resistance based on historical data on pivot points.
Pivot Points
Bat Harmonic Pattern [TradingFinder] Bat Chart Indicator๐ต Introduction
The Bat Harmonic Pattern, created by Scott Carney in the 1990s, is a sophisticated tool in technical analysis, used to identify potential reversal points in price movements by leveraging Fibonacci ratios.
This pattern is classified into two primary types: the Bullish Bat Pattern, which signals the end of a downtrend and the beginning of an uptrend, and the Bearish Bat Pattern, which indicates the conclusion of an uptrend and the onset of a downtrend.
๐ฃ Bullish Bat Pattern
The Bullish Bat Pattern is designed to identify when a downtrend is likely to end and a new uptrend is about to begin. The key feature of this pattern is Point D, which typically aligns near the 88.6% Fibonacci retracement of the XA leg.
This point is considered a strong buy zone. When the price reaches Point D after a significant downtrend, it often indicates a potential reversal, presenting a buying opportunity for traders anticipating the start of an upward movement.
๐ฃ Bearish Bat Pattern
In contrast, the Bearish Bat Pattern forms when an uptrend is nearing its conclusion. Point D, which also typically aligns near the 88.6% Fibonacci retracement of the XA leg, serves as a critical point for traders.
This point is regarded as a strong sell zone, signaling that the uptrend may be ending, and a downtrend could be imminent. Traders often open short positions when they identify this pattern, aiming to capitalize on the anticipated downward movement.
๐ต How to Use
The Bat Pattern consists of five key points: X, A, B, C, and D, and four waves: XA, AB, BC, and CD. Fibonacci ratios play a crucial role in this pattern, helping traders pinpoint precise entry and exit points. In both the Bullish and Bearish Bat Patterns, the 88.6% retracement of the XA leg is a critical level for identifying potential reversal points.
๐ฃ Bullish Bat Pattern
Traders typically enter buy positions after Point D forms, expecting the downtrend to end and a new uptrend to start. This point, located near the 88.6% retracement of the XA leg, serves as a reliable buy signal.
๐ฃ Bearish Bat Pattern
Traders usually open short positions after identifying Point D, expecting the uptrend to end and a downtrend to begin. This point, also near the 88.6% retracement of the XA leg, acts as a valid sell signal.
๐ฃ Trading Tips for the Bat Pattern
Accurate Fibonacci Point Identification : Accurately identify Points X, A, B, C, and D, and calculate the Fibonacci ratios between these points. Point D should ideally be near the 88.6% retracement of the XA leg.
Signal Confirmation with Other Tools : To enhance the pattern's accuracy, avoid trading solely based on the Bat Pattern.
Risk Management : Always use stop-loss orders. In a Bullish Bat Pattern, place the stop-loss below Point X, and in a Bearish Bat Pattern, above Point X. This helps limit potential losses if the pattern fails.
Wait for Price Movement Confirmation : After identifying Point D, wait for the price to move in the anticipated direction to confirm the pattern's validity before entering a trade.
Set Realistic Profit Targets : Use Fibonacci retracement levels to set realistic profit targets, such as 38.2%, 50%, and 61.8% retracement levels of the CD leg. This strategy helps maximize profits and prevents premature exits.
๐ต Setting
๐ฃ Logical Setting
ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition.
Show Valid Forma t: If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern.
Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk.
Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period.
๐ฃ Genaral Setting
Show : Enter "On" to display the template and "Off" to not display the template.
Color : Enter the desired color to draw the pattern in this parameter.
LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness.
LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries.
๐ฃ Alert Setting
Alert : On / Off
Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
๐ต Conclusion
The Bat Harmonic Pattern is a powerful tool in technical analysis, offering traders the ability to identify critical reversal points using Fibonacci ratios. By recognizing the Bullish and Bearish Bat Patterns, traders can anticipate potential trend reversals and make informed trading decisions.
However, it is essential to combine the Bat Pattern with other technical analysis tools and confirm signals for better trading outcomes. With proper use, this pattern can help traders minimize risk and optimize their entry and exit points in the market.
Market Structure Trailing Stop [BigBeluga]The Market Structure Trailing Stop indicator is an advanced tool for identifying market structure shifts, liquidity sweeps, and potential trend reversals using comprehensive volume analysis. This indicator combines the analysis of market structure pivots (CHoCH - Change of Character) with a sophisticated volume-based trailing stop logic. By evaluating delta volume at key structural points, it allows traders to identify high-probability trend continuations or reversals and manage their trades more effectively.
๐ต KEY FEATURES
โ Market Structure Analysis
Pivot-Based Market Structure : The indicator identifies high and lows using user-defined periods, allowing traders to spot key market structure shifts.
Change of Character (CHoCH) : The first significant break of a market structure is marked as a CHoCH, indicating a potential trend reversal.
Break of Structure (BoS) : The indicator highlights subsequent breaks of structure after CHoCH, providing traders with crucial insights into trend strength.
โ Advanced Volume Analysis
Delta Volume Evaluation : The indicator calculates delta volume (difference between up and down volume) at each ChoCh or BoS market structure point to assess the strength of the move. Identify Delta Volume from break point back to Pivot
โ Trailing Stop Logic
Volume-Validated Trailing Stop : The indicator automatically plots a trailing stop if the delta volume at the UP CHoCH is positive and above the defined threshold and vice versa for Down CHoCH , allowing traders to protect their profits while riding the trend.
Trend Weakness Detection : If a subsequent BoS occurs with negative delta volume or lower volume than the input threshold, the trailing stop disappears, indicating potential trend exhaustion or reversal.
Dynamic Stop Placement : The trailing stop is dynamically adjusted based on market structure and volume, providing traders with a more adaptive stop-loss strategy.
Up Trend Trailing Stop:
Down Trend Trailing Stop:
โ Liquidity Sweep Detection
Liquidity Sweep (X) Labels : The indicator identifies liquidity sweepsโpoints where the price temporarily reverses to sweep liquidity above or below a key levelโmarked with an โXโ label.
Potential Reversal Zones : These liquidity sweeps are potential reversal zones, especially when accompanied by significant delta volume changes, providing traders with early warnings of potential trend reversals.
๐ต HOW TO USE
โ Identifying Market Structure Shifts
Change of Character (CHoCH) : When a CHoCH occurs, the indicator calculates the total volume from the high point to the break point. If the delta volume is positive and exceeds the input threshold, a trailing stop is plotted, signaling potential trend continuation.
Break of Structure (BoS) : If BoS is enabled, subsequent breaks of structure are highlighted. If these BoS points show weaker volume or negative delta volume, the trailing stop will disappear, indicating that the trend may be losing strength.
โ Using the Trailing Stop Feature
Protecting Profits : Once a CHoCH occurs and the delta volume validates the trend, the trailing stop will be plotted below (or above) the price to protect profits while allowing the trend to run.
Trend Reversal Signals : If the trailing stop disappears due to weak volume at subsequent BoS points, it may signal that the trend is losing momentum, and traders may consider closing their positions or tightening their stops manually.
โ Liquidity Sweep Interpretation
Spotting Reversal Zones : Liquidity sweeps, marked with an โXโ label, indicate zones where the price has swept liquidity. These areas can serve as potential reversal zones, especially when significant delta volume is observed at these points.
Early Reversal Warnings : Traders can use these liquidity sweep labels as early warnings for potential trend reversals, particularly in conjunction with other technical analysis methods.
๐ต CUSTOMIZATION
Highs and Lows Calculation : Customize the number of bars to the left and right for identifying pivots and market structure shifts.
Volume Threshold : Define the volume threshold to filter out weaker moves and focus on significant market structure shifts.
BoS and Liquidity Sweep Labels : Toggle on or off the BoS and Liquidity Sweep labels to tailor the indicator to your trading style.
Trend Color : Enable or disable trend coloring for candles to visually highlight uptrends and downtrends on the chart.
๐ต CONCLUSION
The Market Structure Trailing Stop indicator combines advanced volume analysis with market structure detection to provide traders with a powerful tool for identifying and managing trends. By leveraging delta volume at key structure points, it helps traders validate trend strength and manage their positions with a dynamic trailing stop strategy. The addition of liquidity sweep detection further enhances its utility, offering early warnings of potential trend reversals. This indicator is ideal for traders who want to gain a deeper understanding of market structure while incorporating volume-based insights into their trading strategies.
Uptrick: SMA Pivot Marker### Uptrick: SMA Pivot Marker (SPM) โ Extensive Guide
#### Introduction
The **Uptrick: SMA Pivot Marker (SPM)** is a sophisticated technical analysis tool crafted by Uptrick to help traders interpret market trends and identify key price levels where significant reversals might occur. By integrating the principles of the Simple Moving Average (SMA) with pivot point analysis, the SPM offers a comprehensive approach to understanding market dynamics. This extensive guide explores the purpose, functionality, and practical applications of the SPM, providing an in-depth analysis of its features, settings, and usage across various trading strategies.
#### Purpose of the SPM
The **SMA Pivot Marker (SPM)** aims to enhance trading strategies by offering a dual approach to market analysis:
1. **Trend Identification**:
- **Objective**: To discern the prevailing market direction and guide trading decisions based on the overall trend.
- **Method**: Utilizes the SMA to smooth out price fluctuations, providing a clearer picture of the trend. This helps traders align their trades with the market's direction, increasing the probability of successful trades.
2. **Pivot Point Detection**:
- **Objective**: To identify key levels where the price is likely to reverse, providing potential support and resistance zones.
- **Method**: Calculates and marks pivot highs and lows, which are significant price points where previous trends have reversed. These levels are used to predict future price movements and establish trading strategies.
3. **Trend Change Alerts**:
- **Objective**: To notify traders of potential shifts in market direction, enabling timely adjustments to trading positions.
- **Method**: Detects and highlights crossover and crossunder points of the smoothed line, indicating possible trend changes. This helps traders react promptly to changing market conditions.
#### Detailed Functionality
1. **Smoothing Line Calculation**:
- **Simple Moving Average (SMA)**:
- **Definition**: The SMA is a type of moving average that calculates the average of a securityโs price over a specified number of periods. It smooths out price data to filter out short-term fluctuations and highlight the longer-term trend.
- **Calculation**: The SMA is computed by summing the closing prices of the chosen number of periods and then dividing by the number of periods. For example, a 20-period SMA adds the closing prices for the past 20 periods and divides by 20.
- **Purpose**: The SMA helps in identifying the direction of the trend. A rising SMA indicates an uptrend, while a falling SMA indicates a downtrend. This smoothing helps traders to avoid being misled by short-term price noise.
2. **Pivot Points Calculation**:
- **Pivot Highs and Lows**:
- **Definition**: Pivot points are significant price levels where a market trend is likely to reverse. A pivot high is the highest price over a certain period, surrounded by lower prices on both sides, while a pivot low is the lowest price surrounded by higher prices.
- **Calculation**: The SPM calculates pivot points based on a user-defined lookback period. For instance, if the lookback period is set to 3, the indicator will find the highest and lowest prices within the past 3 periods and mark these points.
- **Purpose**: Pivot points are used to identify potential support and resistance levels. Traders often use these levels to set entry and exit points, stop-loss orders, and to gauge market sentiment.
3. **Visualization**:
- **Smoothed Line Plot**:
- **Description**: The smoothed line, calculated using the SMA, is plotted on the chart to provide a visual representation of the trend. This line adjusts its color based on the trend direction, helping traders quickly assess the market condition.
- **Color Coding**: The smoothed line is colored green (upColor) when it is rising, indicating a bullish trend, and red (downColor) when it is falling, indicating a bearish trend. This color-coding helps traders visually differentiate between uptrends and downtrends.
- **Line Width**: The width of the line can be adjusted to improve visibility. A thicker line may be more noticeable, while a thinner line might provide a cleaner look on the chart.
- **Pivot Markers**:
- **Description**: Pivot highs and lows are marked on the chart with lines and labels. These markers help in visually identifying significant price levels.
- **Color and Labels**: Pivot highs are represented with green lines and labels ("H"), while pivot lows are marked with red lines and labels ("L"). This color scheme and labeling make it easy to distinguish between resistance (highs) and support (lows).
4. **Trend Change Detection**:
- **Trend Up**:
- **Detection**: The indicator identifies an upward trend change when the smoothed line crosses above its previous value. This crossover suggests a potential shift from a downtrend to an uptrend.
- **Usage**: Traders can interpret this signal as a potential buying opportunity or an indication to review and possibly adjust their trading positions to align with the new uptrend.
- **Trend Down**:
- **Detection**: A downward trend change is detected when the smoothed line crosses below its previous value. This crossunder indicates a potential shift from an uptrend to a downtrend.
- **Usage**: This signal can be used to consider selling opportunities or to reassess long positions in light of the emerging downtrend.
#### User Inputs
1. **Smoothing Period**:
- **Description**: This input determines the number of periods over which the SMA is calculated. It directly affects the smoothness of the line and the sensitivity of trend detection.
- **Range**: The smoothing period can be set to any integer value greater than or equal to 1. There is no specified upper limit, offering flexibility for various trading styles.
- **Default Value**: The default smoothing period is 20, which is a common choice for medium-term trend analysis.
- **Impact**: A longer smoothing period results in a smoother line, filtering out more noise and highlighting long-term trends. A shorter period makes the line more responsive to recent price changes, which can be useful for short-term trading strategies.
2. **Pivot Lookback**:
- **Description**: This input specifies the number of periods used to calculate the pivot highs and lows. It influences the sensitivity of pivot point detection and the relevance of the identified levels.
- **Range**: The pivot lookback period can be set to any integer value greater than or equal to 1, with no upper limit. Traders can adjust this parameter based on their trading timeframe and preferences.
- **Default Value**: The default lookback period is 3, which provides a balance between detecting significant pivots and avoiding excessive noise.
- **Impact**: A longer lookback period generates more stable pivot points, suitable for identifying long-term support and resistance levels. A shorter lookback period results in more frequent and recent pivot points, useful for intraday trading and quick responses to price changes.
#### Applications for Different Traders
1. **Trend Followers**:
- **Using the SMA**: Trend followers utilize the smoothed line to gauge the direction of the market. By aligning trades with the direction of the SMA, traders can capitalize on sustained trends and improve their chances of success.
- **Trend Change Alerts**: The trend change markers alert trend followers to potential shifts in market direction. These alerts help traders make timely decisions to enter or exit positions, ensuring they stay aligned with the prevailing trend.
2. **Reversal Traders**:
- **Pivot Points**: Reversal traders focus on pivot highs and lows to identify potential reversal points in the market. These points indicate where the market has previously reversed direction, providing potential entry and exit levels for trades.
- **Pivot Markers**: The visual markers for pivot highs and lows serve as clear signals for reversal traders. By monitoring these levels, traders can anticipate price reversals and plan their trades to exploit these opportunities.
3. **Swing Traders**:
- **Combining SMA and Pivot Points**: Swing traders can use the combination of the smoothed line and pivot points to identify medium-term trading opportunities. The smoothed line helps in understanding the broader trend, while pivot points provide specific levels for potential swings.
- **Trend Change Alerts**: Trend change markers help swing traders spot new swing opportunities as the market shifts direction. These markers provide potential entry points for swing trades and help traders adjust their strategies to capitalize on market movements.
4. **Scalpers**:
- **Short-Term Analysis**: Scalpers benefit from the short-term signals provided by the SPM. The smoothed line and pivot points offer insights into rapid price movements, while the trend change markers highlight quick trading opportunities.
- **Pivot Points**: For scalpers, pivot points are particularly useful in identifying key levels where price may reverse within a short time frame. By focusing on these levels, scalpers can plan trades with tight stop-loss orders and capitalize on quick price changes.
#### Implementation and Best Practices
1. **Setting Parameters**:
- **Smoothing Period**: Adjust the smoothing period according to your trading strategy and market conditions. For long-term analysis, use a longer period to filter out noise and highlight broader trends. For short-term trading, a shorter period provides more immediate insights into price movements.
- **Pivot Lookback**: Choose a lookback period that matches your trading timeframe. For intraday trading, a shorter lookback period offers quick identification of recent price levels. For swing trading or long-term strategies, a longer lookback period provides more stable pivot points.
2. **Combining with Other Indicators**:
- **Integration with Technical Tools**: The SPM can be used in conjunction with other technical indicators to enhance trading decisions. For instance, combining the
SPM with indicators like RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) can provide additional confirmation for trend signals and pivot points.
- **Support and Resistance**: Integrate the SPMโs pivot points with other support and resistance levels to gain a comprehensive view of market conditions. This combined approach helps in identifying stronger levels of support and resistance, improving trade accuracy.
3. **Backtesting**:
- **Historical Performance**: Conduct backtesting with historical data to evaluate the effectiveness of the SPM. Analyze past performance to fine-tune the smoothing period and pivot lookback settings, ensuring they align with your trading style and market conditions.
- **Scenario Analysis**: Test the SPM under various market scenarios to understand its performance in different conditions. This analysis helps in assessing the reliability of the indicator and making necessary adjustments for diverse market environments.
4. **Customization**:
- **Visual Adjustments**: Customize the appearance of the smoothed line and pivot markers to enhance chart readability and match personal preferences. Clear visual representation of these elements improves the effectiveness of the indicator.
- **Alert Configuration**: Set up alerts for trend changes to receive timely notifications. Alerts help traders act quickly on potential market shifts without constant monitoring, allowing for more efficient trading decisions.
#### Conclusion
The **Uptrick: SMA Pivot Marker (SPM)** is a versatile and powerful technical analysis tool that combines the benefits of the Simple Moving Average with pivot point analysis. By providing insights into market trends, identifying key reversal points, and detecting trend changes, the SPM caters to a wide range of trading strategies, including trend following, reversal trading, swing trading, and scalping.
With its customizable inputs, visual markers, and trend change alerts, the SPM offers traders the flexibility to adapt the indicator to different market conditions and trading styles. Whether used independently or in conjunction with other technical tools, the SPM is designed to enhance trading decision-making and improve overall trading performance. By mastering the use of the SPM, traders can gain a valuable edge in navigating the complexities of financial markets and making more informed trading decisions.
Swing Points [CrossTrade]The "Swing Points" indicator is designed to help identify key swing points, trends, and potential support and resistance areas on a trading chart. This indicator overlays on the price chart and offers several features for enhanced market analysis.
Swing Point Identification: The indicator identifies swing highs and lows (pivot points) over a user-defined period. These points are crucial in understanding market reversals and momentum.
Swing Points Display: Users have the option to visually display these pivot points on the chart. Swing highs are marked with a red "H" above the bar, and swing lows with a green "L" below the bar, aiding in quick visual identification.
Center Line Calculation and Display: A dynamic center line is calculated using the pivot points, providing a baseline that adapts to market movements. The center line's appearance changes based on its position relative to the current price, making it a useful trend indicator.
Support and Resistance Levels: The indicator plots horizontal support and resistance lines based on the swing lows and highs, respectively. This feature helps traders identify potential areas of price consolidation or breakout.
Customization Options: Users can customize the period for swing point calculation and choose whether to display the pivot points, center line, and support/resistance levels.
Alert Features
Swing High Break Alert: An alert is triggered when a new swing high is detected, signaling a potential upward momentum shift.
Swing Low Break Alert: This alert activates when a new swing low is formed, possibly indicating a downward momentum shift.
Center Line Trend Color Change Alert: Alerts users when the center line changes its trend color, which could signify a change in overall market trend direction.
PDHL Sweep + C123 (by Veronica)The "PDHL Sweep + C123" is an indicator to identify potential reversal or continuation patterns in the market by combining key price levels from the previous day with a custom three-candle pattern analysis.
Key Features:
1. Previous Day High/Low Sweep:
The indicator automatically plots horizontal lines marking the previous day's high and low prices.
If the price crosses these key levels, the lines will change from solid to dashed, indicating a potential sweep or breakout.
2. Three-Candle Pattern Analysis:
The indicator identifies specific three-candle patterns that could signal a bullish or bearish setup. The pattern is validated if certain conditions are met, including the relationship between candle bodies and whether the price has crossed the previous day's high or low.
3. Marubozu Condition (Optional):
Users can enable a condition that checks if the Candle 1 and 3 in the pattern is a Marubozu, with a customizable body size percentage.This adds an extra layer of confirmation to the pattern. Default is switch on for both candle 1 and 3.
4. Customizable Alerts:
Users can set alerts for when a "Buy" or "Sell" signal is triggered, allowing them to stay informed of potential trading opportunities without constantly monitoring the charts.
Callout Signals:
When a valid bullish or bearish pattern is identified, the indicator places a "Buy" or "Sell" callout on the chart for clear visual signaling.
5. Customizable colour and text:
Users can customize the color and text of these callouts to suit their preferences.
How to Use:
Bullish Signal: A "Buy" callout will appear when a valid three-candle bullish pattern is detected and the price has crossed below the previous day's low.
Bearish Signal: A "Sell" callout will appear when a valid three-candle bearish pattern is detected and the price has crossed above the previous day's high.
Customize the appearance of the indicator, including line colors, callout colors, and text colors, to match your charting style.
This indicator is ideal for traders who rely on price action and key levels for their trading decisions. It provides clear signals and alerts, helping you stay on top of potential market reversals or continuations.
Historical Swing High-Low Gann IndicatorThe Historical Swing High-Low Gann Indicator is a powerful tool designed to track and visualize key market swing points over time. This indicator identifies significant swing highs and lows within a specified time frame and draws connecting lines between these points, allowing traders to observe the natural ebb and flow of the market.
What sets this indicator apart is its ability to maintain all previously drawn swing lines, creating a comprehensive historical view of market movements. Additionally, the indicator projects Gann-style lines from the most recent swing highs and lows, providing traders with potential future support and resistance levels based on the geometric progression of price action.
Features:
Swing Detection: Automatically detects significant swing highs and lows over a user-defined period (default is 3 hours).
Persistent Historical Lines: Keeps all previously drawn lines, offering a complete visual history of the market's swing points.
Gann-Style Projections: Draws forward-looking lines from the latest swing points to help predict possible future market levels.
Customizable Parameters: Allows users to adjust the swing detection period to suit different trading styles and time frames.
This indicator is ideal for traders who rely on price action, support and resistance levels, and Gann theory for their analysis. Whether used in isolation or as part of a broader strategy, the Historical Swing High-Low Gann Indicator provides valuable insights into the market's behavior over time.
Market Internal Pivots by SyntaxGeekThis indicator combines simple pivot detection with market breadth ratios.
The thought was to show market breadth strength or weakness where price was making potential pivots.
Lookback can be adjusted and currently it supports NYSE and NASDAQ market breadth.
Configuration is limited given the simplicity but live breadth printout can be displayed at current candle.
Max label count is at 500 but the indicator makes use of the visible chart library and will redraw old pivot labels when scrolling back, up to 500.
Considering that market breadth data is only available during RTH, do not expect data during ETH sessions. I've only tested this up to 1hr timeframe so I can't guarantee higher timeframes will present correctly.
Feel free to leave feedback, happy trading!
WMA Trend and Growth Rate IndicatorThe "WMA Trend and Growth Rate Indicator" is a powerful tool for analyzing market trends and momentum. By understanding its components and how to configure it, traders of all levels can leverage this indicator to enhance their trading strategies. Experiment with the settings and integrate it into your analysis to gain valuable insights into market movements.
Indicator Components
WMA Length : The length of the WMA. This controls how many periods are included in the calculation.
Start : The starting value for accumulation levels.
End : The ending value for accumulation levels.
Key Concepts
Weighted Moving Average (WMA): A type of moving average that gives more weight to recent price data, making it more responsive to recent price changes.
Growth Rate : Measures how much the WMA has increased or decreased over a specified period, expressed as a percentage.
Accumulation and Distribution Levels : Zones where buying (accumulation) or selling (distribution) pressure is expected.
Configuring the Inputs
WMA Length : Adjust this value to change the sensitivity of the WMA. A smaller value makes the WMA more sensitive to recent price changes, while a larger value smooths out the data more.
Start and End : Adjust these values to define the range for accumulation and distribution levels. The indicator will automatically adjust the colors based on whether the Start value is higher or lower than the End value.
Interpreting the Plots
WMAT Line : The main trend line that shows the direction and strength of the trend.
Growth Index : Shows the growth rate of the WMAT.
Accumulation Levels : Indicated by lines and fill colors, showing potential zones to increase positions.
Distribution Levels : Indicated by lines and fill colors, showing potential zones to decrease positions.
The indicator checks if "Start" is greater than "End". Based on this check, it assigns colors to the accumulation and distribution levels. This color scheme helps traders visually distinguish between areas of potential buying and selling zones.
Liquidity Swings & SweepsThis Pine script indicator is designed to create a visual representation liquidity as identified by swing Highs/Lows along with an indication of the liquidity level that was swept, optionally rating the strength of the sweep based on time & price.
Relevance:
Liquidity levels & sweeps are crucial for many SMC/ICT setups and can indicate a point at which the price changes direction or may re-trace in an opposite direction to provide additional liquidity for continued move in the original direction. Additionally, liquidity levels may provide targets for setups, as price action will often seek to take out those levels as they main contain many buy/sell stops.
How It Works:
The indicator tracks all swing points, as identified using user-defined strength of the swing. Once a swing is formed that meets the criteria, it is represented by a horizontal line starting at the price of the current swing until the last bar on the chart. While the swing is valid, this line will continue to be extended until the swing is invalid or a new swing is formed. Upon identifying a new swing, the indicator then scans the earlier swings in the same direction looking for a point of greatest liquidity that was taken by the current swing. This level is then denoted by dashed horizontal line, connecting earlier swing point to the current. At the same time any liquidity zones between the two swings are automatically removed from the chart if they had previously been rendered on the chart. If the setting to enable scan for maximum liquidity is enabled, then while looking back, the indicator will look for lowest low or highest high that was taken by the current swing point, which may not be a swing itself, however, is a lowest/highest price point taken (mitigated) by the current swing, which in many cases will be better price then then the one represented by previous swing. If the option to render sweep label is enabled, the sweep line will also be completed by a label, that will score the sweep and a tooltip showing the details of the level swept and the time it took to sweep it. The score explained further in configurability section ranks the strength of the sweep based on time and is complemented by price (difference in price between the two liquidity levels).
Configurability:
A user may configure the strength of the swing using both left/right strength (number of bars) as well as optionally instruct the indicator to seek the lowest/highest price point which may not be previous swing that was taken out by newly formed swing.
From appearance perspective liquidity level colors & line width presenting the liquidity/swing can be configured. There is also an option to render the liquidity sweep label that will generate an icon-based rating of the liquidity sweep and a tooltip that provides details on the scope of the swing, which includes liquidity level swept and when it was formed along with the time it took to sweep the liquidity.
Rating is of sweeps is primarily based on time with a secondary reference to price
๐ฅ- Best rating, very strong sweep with an hourly or better liquidity sweep
๐ฅ- Second rating, strong sweep with 15 โ 59 minute liquidity sweep, or 5+ minute sweep of 10+ points
โ
- Third rating, ok sweep with 5 - 15 minute liquidity sweep, or lower-time-frame sweep of 10+ points
โ๏ธ - Weakest sweep, with liquidity of 5 or less minutes swept
What makes this indicator different:
Designed with high performance in mind, to reduce impact on chart render time.
Only keeps valid liquidity levels & sweeps on the chart
Automatically removes previously taken liquidity levels
Ranks liquidity sweeps to indicate strength of the sweep
Pivot Point Profile [LuxAlgo]The Pivot Point Profile indicator groups and displays data accumulated from previous pivot points, providing a comprehensive method for prioritizing and displaying areas of interest directly given by swing highs and lows.
Users have access to common settings present in other profile-type indicators.
๐ถ USAGE
The Pivot Point Profile is particularly helpful in identifying highly active reversal zones that have been visited multiple times by price. Because of this, we could generally expect these areas to serve as future points of interest, often acting as support or resistance when re-visited.
The profile displays data associated with both Pivot Highs and Pivot Lows. Each row consists of pivot high and pivot low counts side-by-side, forming the total width of the row.
By analyzing the row as a whole, we can gain a better understanding of WHERE to look for interactions.
By analyzing the pivot counts independently, we can gain a better understanding of WHAT to expect when returning to these areas.
For example:
If a row in the profile contains entirely Pivot Lows, this could be seen as an indication to look for buyers to hold that level for a continuation upwards. A break of this level could be interpreted as a lack of interest from previous buyers at this level, indicating a further move down.
๐น Concentrated Areas
Each row in the profile displays the current count of high pivots and low pivots within the selected lookback. The largest count for each pivot direction is identified as a "Concentrated Area (CA)", these CAs are highlighted over the chart with a line displaying the average of all pivots within that CA. The CA Average is the average of all pivot points (in the majority direction) within the given row.
These can hold more importance as potential support/resistance areas.
Note: The CA Threshold can be manually adjusted to highlight all rows based on a user-selected value.
๐ถ DETAILS
๐น Calculation
The idea behind the Pivot Point Profile is a new analysis method for pivot points, taking the idea of a volume profile and adapting it to display pivot points instead of volume. By using this data, in theory, we should be able to better prioritize zones to anticipate reversals, as well as identify key levels to watch for buyer & seller interactions to use as confirmations in direction.
The (vertical) width of each row is the product of the script's "Row Size", this is the number of rows that the profile will consist of. With a max of 250, the profile can be decently granular. That being said, A more granular profile will have fewer overlapping pivot points. By decreasing the row size (Using fewer rows in the profile) you will increase the tolerance for grouping pivot points. Potentially leading to a more comprehensive Profile. Inversely, By reducing the tolerance for grouping, you will better visualize only similar highs and lows but may have noisier data to sift through.
The Profile is calculated based on a "Lookback" parameter, using only the lookback amount of previous high and low pivots to calculate the profile. Configuring this parameter alongside "Pivot Length", will allow for great control over the frame of reference of the profile.
Note: This indicator is capable of utilizing the full chart history of pivot points, this can be done by enabling the "Use Full Chart History" setting, this will cause the script will calculate from everything it has access to on your current chart.
๐น Display
The Pivot Point Profile display can be customized to fit a various range of chart styles and visual needs. The specific settings to adjust these can be located in the "Profile Display" Section of the User Inputs.
Profile Width: Sets the Left to Right Width of the Profile. This is the maximum width that the profile will occupy and will scale to fit within this width.
Profile Offset: Sets the distance of the Profile's Axis from the current chart candle. This moves the entire profile left and right to enable to user to set the distance between the profile and the current candle.
Direction: Changes the display direction of the profile, allowing for "Left", "Right", or "Center" display styles.
๐ถ SETTINGS
๐น Pivot Point Parameters
Pivot Type: Choose between "Fractal Pivots" or "SMC Structure" to use as the basis for pivots.
Length: Sets the length for the pivot calculations.
๐น Profile Calculations Parameters
Lookback: Sets the number of pivots to calculate within, in increments of high and low pairs. (Setting this to 1 = 1 Pivot High & 1 Pivot Low)
Use Full Chart History: Disregards the set lookback and instead uses all available chart data to calculate from.
Row Size: Sets the total number of rows to calculate the profile with.
๐น Profile Display
Profile Width: Sets the max left & right width (in bars) that the profile will occupy.
Profile Offset: Sets the distance of the profile axis from the last chart bar.
Direction: Sets the display direction
๐น Concentrated Areas
Highlight CAs: Extends the rows left from concentrated areas.
CA Threshold: Manually set the threshold for determining concentrated areas, when disabled, only the largest rows will be displayed.
CA Averages: Toggles the concentrated area averages for each pivot direction.
Note: CA Averages can be displayed independently without CA Highlights being displayed, and vice versa.
KillZones + ACD Fisher [TradingFinder] Sessions + Reversal Level๐ต Introduction
๐ฃ ACD Method
"The Logical Trader" opens with a thorough exploration of the ACD Methodology, which focuses on pinpointing particular price levels associated with the opening range.
This approach enables traders to establish reference points for their trades, using "A" and "C" points as entry markers. Additionally, the book covers the concept of the "Pivot Range" and how integrating it with the ACD method can help maximize position size while minimizing risk.
๐ฃ Session
The forex market is operational 24 hours a day, five days a week, closing only on Saturdays and Sundays. Typically, traders prefer to concentrate on one specific forex trading session rather than attempting to trade around the clock.
Trading sessions are defined time periods when a particular financial market is active, allowing for the execution of trades.
The most crucial trading sessions within the 24-hour cycle are the Asia, London, and New York sessions, as these are when substantial money flows and liquidity enter the market.
๐ฃ Kill Zone
Traders in financial markets earn profits by capitalizing on the difference between their buy/sell prices and the prevailing market prices.
Traders vary in their trading timelines.Some traders engage in daily or even hourly trading, necessitating activity during periods with optimal trading volumes and notable price movements.
Kill zones refer to parts of a session characterized by higher trading volumes and increased price volatility compared to the rest of the session.
๐ต How to Use
๐ฃ Session Times
The "Asia Session" comprises two parts: "Sydney" and "Tokyo." This session begins at 23:00 and ends at 06:00 UTC. The "Asia KillZone" starts at 23:00 and ends at 03:55 UTC.
The "London Session" includes "Frankfurt" and "London," starting at 07:00 and ending at 14:25 UTC. The "London KillZone" runs from 07:00 to 09:55 UTC.
The "New York" session starts at 14:30 and ends at 19:25 UTC, with the "New York am KillZone" beginning at 14:30 and ending at 22:55 UTC.
๐ฃ ACD Methodology
The ACD strategy is versatile, applicable to various markets such as stocks, commodities, and forex, providing clear buy and sell signals to set price targets and stop losses.
This strategy operates on the premise that the opening range of trades holds statistical significance daily, suggesting that initial market movements impact the market's behavior throughout the day.
Known as a breakout strategy, the ACD method thrives in volatile or strongly trending markets like crude oil and stocks.
Some key rules for employing the ACD strategy include :
Utilize points A and C as critical reference points, continually monitoring these during trades as they act as entry and exit markers.
Analyze daily and multi-day pivot ranges to understand market trends. Prices above the pivots indicate an upward trend, while prices below signal a downward trend.
In forex trading, the ACD strategy can be implemented using the ACD indicator, a technical tool that gauges the market's supply and demand balance. By evaluating trading volume and price, this indicator assists traders in identifying trend strength and optimal entry and exit points.
To effectively use the ACD indicator, consider the following :
Identifying robust trends: The ACD indicator can help pinpoint strong, consistent market trends.
Determining entry and exit points: ACD generates buy and sell signals to optimize trade timing.
Bullish Setup :
When the "A up" line is breached, itโs wise to wait briefly to confirm itโs not a "Fake Breakout" and that the price stabilizes above this line.
Upon entering the trade, the most effective stop loss is positioned below the "A down" line. It's advisable to backtest this to ensure the best outcomes. The recommended reward-to-risk ratio for this strategy is 1, which should also be verified through backtesting.
Bearish Setup :
When the "A down" line is breached, itโs prudent to wait briefly to ensure itโs not a "Fake Breakout" and that the price stabilizes below this line.
Upon entering the trade, the most effective stop loss is positioned above the "A up" line. Backtesting is recommended to confirm the best results. The recommended reward-to-risk ratio for this strategy is 1, which should also be validated through backtesting.
Advantages of Combining Kill Zone and ACD Method in Market Analysis :
Precise Trade Timing : Integrating the Kill Zone strategy with the ACD Method enhances precision in trade entries and exits. The ACD Method identifies key points for trading, while the Kill Zone focuses on high-activity periods, together ensuring optimal timing for trades.
Better Trend Identification : The ACD Methodโs pivot ranges help spot market trends, and when combined with the Kill Zoneโs emphasis on periods of significant price movement, traders can more effectively identify and follow strong market trends.
Maximized Profits and Minimized Risks : The ACD Method's structured approach to setting price targets and stop losses, coupled with the Kill Zone's high-volume trading periods, helps maximize profit potential while reducing risk.
Robust Risk Management : Combining these methods provides a comprehensive risk management strategy, strategically placing stop losses and protecting capital during volatile periods.
Versatility Across Markets : Both methods are applicable to various markets, including stocks, commodities, and forex, offering flexibility and adaptability in different trading environments.
Enhanced Confidence : Using the combined insights of the Kill Zone and ACD Method, traders gain confidence in their decision-making process, reducing emotional trading and improving consistency.
By merging the Kill Zoneโs focus on trading volumes and the ACD Methodโs structured breakout strategy, traders benefit from a synergistic approach that enhances precision, trend identification, and risk management across multiple markets.
ICT KillZones + Pivot Points [TradingFinder] Support/Resistance ๐ฃ Introduction
Pivot Points are critical levels on a price chart where trading activity is notably high. These points are derived from the prior day's price data and serve as key reference markers for traders' decision-making processes.
Types of Pivot Points :
Floor
Woodie
Camarilla
Fibonacci
๐ต Floor Pivot Points
Widely utilized in technical analysis, floor pivot points are essential in identifying support and resistance levels. The central pivot point (PP) acts as the primary level, suggesting the trend's likely direction.
The additional resistance levels (R1, R2, R3) and support levels (S1, S2, S3) offer further insight into potential trend reversals or continuations.
๐ต Camarilla Pivot Points
Featuring eight distinct levels, Camarilla pivot points closely correspond with support and resistance, making them highly effective for setting stop-loss orders and profit targets.
๐ต Woodie Pivot Points
Similar to floor pivot points, Woodie pivot points differ by placing greater emphasis on the closing price, often resulting in different pivot levels compared to the floor method.
๐ต Fibonacci Pivot Points
Fibonacci pivot points combine the standard floor pivot points with Fibonacci retracement levels applied to the previous trading period's range. Common retracement levels used are 38.2%, 61.8%, and 100%.
๐ฃ Sessions
Financial markets are divided into specific time segments, known as sessions, each with unique characteristics and activity levels. These sessions are active at different times throughout the day.
The primary sessions in financial markets include :
Asian Session
European Session
New York Session
The timing of these major sessions in UTC is as follows :
Asian Session: 23:00 to 06:00
European Session: 07:00 to 14:25
New York Session: 14:30 to 22:55
๐ฃ Kill Zones
Kill zones are periods within a session marked by heightened trading activity. During these times, trading volume surges and price movements become more pronounced.
The timing of the major kill zones in UTC is :
Asian Kill Zone: 23:00 to 03:55
European Kill Zone: 07:00 to 09:55
New York Kill Zone: 14:30 to 16:55
Combining kill zones and pivot points in financial market analysis provides several advantages :
Enhanced Market Sentiment Analysis : Aligns key price levels with high-activity periods for a clearer market sentiment.
Improved Timing for Trade Entries and Exits : Helps better time trades based on when price movements are most likely.
Higher Probability of Successful Trades : Increases the accuracy of predicting market movements and placing profitable trades.
Strategic Stop-Loss and Profit Target Placement : Allows for precise risk management by strategically setting stop-loss and profit targets.
Versatility Across Different Time Frames : Effective in both short and long time frames, suitable for various trading strategies.
Enhanced Trend Identification and Confirmation : Confirms trends using both pivot levels and high-activity periods, ensuring stronger trend validation.
In essence, this integrated approach enhances decision-making, optimizes trading performance, and improves risk management.
๐ฃ How to Use
๐ต Two Approaches to Trading Pivot Points
There are two main strategies for trading pivot points: utilizing "pivot point breakouts" and "price reversals."
๐ต Pivot Point Breakout
When the price breaks through pivot lines, it signals a shift in market sentiment to the trader. In the case of an upward breakout, where the price crosses these pivot lines, a trader might enter a long position, placing their stop-loss just below the pivot point (P).
Conversely, if the price breaks downward, a short position can be initiated below the pivot point. When using the pivot point breakout strategy, the first and second support levels can serve as profit targets in an upward trend. In a downward trend, these roles are filled by the first and second resistance levels.
๐ต Price Reversal
An alternative method involves waiting for the price to reverse at the support and resistance levels. To implement this strategy, traders should take positions opposite to the prevailing trend as the price rebounds from the pivot point.
While this tool is commonly used in higher time frames, it tends to produce better results in shorter time frames, such as 1-hour, 30-minute, and 15-minute intervals.
Three Strategies for Trading the Kill Zone
There are three principal strategies for trading within the kill zone :
Kill Zone Hunt
Breakout and Pullback to Kill Zone
Trading in the Trend of the Kill Zone
๐ต Kill Zone Hunt
This strategy involves waiting until the kill zone concludes and its high and low lines are established. If the price reaches one of these lines within the same session and is strongly rejected, a trade can be executed.
๐ต Breakout and Pullback to Kill Zone
In this approach, once the kill zone ends and its high and low lines stabilize, a trade can be made if the price breaks one of these lines decisively within the same session and then pulls back to that level.
๐ต Trading in the Trend of the Kill Zone
Kill zones are characterized by high trading volumes and strong trends. Therefore, trades can be placed in the direction of the prevailing trend. For instance, if an upward trend dominates this area, a buy trade can be entered when the price reaches a demand order block.
Equal Highs and LowsDescription:
The โEqual Highs and Lowsโ indicator is a technical analysis tool that marks identical price levels on a trading chart using the current time-frame, assisting traders in identifying potential support and resistance zones or liquidity draws. It creates a horizontal line connecting points where the price has created equal highs and lows within a specified lookback period. Unique to this tool, it maintains a clean chart by removing the line once the price surpasses the equal highs or falls below the equal lows, ensuring only the currently relevant equal highs and lows are highlighted.
Features:
Customization Options: Users can adjust the appearance of the lines (color, width, and style) to match their chart setup or preferences. Users can also choose to extend the lines marking the equal highs/lows to the right of the chart making the equal high/low levels more easier to visualize.
User-Defined Lookback Length: The number of bars to look back for finding equal highs and lows can be set by the user, allowing for flexibility in different market conditions.
How It Works:
The indicator meticulously scans the chart over a user-specified lookback duration, identifying bars with matching high or low values that have not been mitigated on the current chat timeframe, thereby constructing an index of equal values. It subsequently connects these equal values on the chart with a line. While this intuitive indicator does not forecast future market trends, it emphasizes significant price levels derived from historical data.
Usage:
Identifying Support and Resistance: The lines drawn by the indicator can be used to identify potential support and resistance zones and/or draws of liquidity, which are crucial for making informed trading decisions.
Strategy Development: Traders can incorporate the visual cues provided by the indicator into their trading strategies, using them as one of the factors for entry or exit decisions.
Originality:
This indicator presents a distinctive method for pinpointing and illustrating equal highs and lows, granting traders a crucial insight into key price levels. It stands apart from conventional indicators by offering extensive personalization and employing a novel approach to augment chart analysis. Uniquely, it retains only unmitigated equal high/low levels on the chart, automatically discarding mitigated price levels once the price has reached that level.
Conclusion:
The "Equal Highs and Lows" indicator is a practical tool for traders looking to enhance their chart analysis with visual cues of significant price levels. Its customization options and innovative approach make it a valuable addition to the trading toolkit, suitable for various trading styles and strategies.
Pivot Points Level [TradingFinder] 4 Methods + Reversal lines๐ต Introduction
"Pivot Points" are places on the price chart where buyers and sellers are most active. Pivot points are calculated based on the previous day's price data and serve as reference points for traders to make decisions.
Types of Pivot Points :
Floor
Woodie
Camarilla
Fibonacci
๐ฃ Floor Pivot Points
Floor pivot points are widely used in technical analysis. The central pivot point (PP) serves as the main level of support or resistance, indicating the potential direction of the trend.
The first to third levels of resistance (R1, R2, R3) and support (S1, S2, S3) provide additional signals for potential trend reversals or continuations.
Floor Pivot Points Formula :
Pivot Point (PP): (H + L + C) / 3
First Resistance (R1): (2 * P) - L
Second Resistance (R2): P + H - L
Third Resistance (R3): H + 2 * (P - L)
First Support (S1): (2 * P) - H
Second Support (S2): P - H + L
Third Support (S3): L - 2 * (H - P)
๐ฃ Camarilla Pivot Points
Camarilla pivot points include eight levels that closely align with support and resistance. These points are particularly useful for setting stop-loss and profit targets.
Camarilla Pivot Points Formula :
Fourth Resistance (R4): (H - L) * 1.1 / 2 + C
Third Resistance (R3): (H - L) * 1.1 / 4 + C
Second Resistance (R2): (H - L) * 1.1 / 6 + C
First Resistance (R1): (H - L) * 1.1 / 12 + C
First Support (S1): C - (H - L) * 1.1 / 12
Second Support (S2): C - (H - L) * 1.1 / 6
Third Support (S3): C - (H - L) * 1.1 / 4
Fourth Support (S4): C - (H - L) * 1.1 / 2
๐ฃ Woodie Pivot Points
Woodie pivot points are similar to floor pivot points but place more emphasis on the closing price. This method often results in different pivot levels than the floor method.
Woodie Pivot Points Formula :
Pivot Point (PP): (H + L + 2 * C) / 4
First Resistance (R1): (2 * P) - L
Second Resistance (R2): P + H - L
First Support (S1): (2 * P) - H
Second Support (S2): P - H + L
๐ฃ Fibonacci Pivot Points
Fibonacci pivot points use the standard floor pivot points and then apply Fibonacci retracement levels to the range of the previous trading period. The common retracement levels used are 38.2%, 61.8%, and 100%.
Fibonacci Pivot Points Formula :
Pivot Point (PP): (H + L + C) / 3
Third Resistance (R3): PP + ((H - L) * 1.000)
Second Resistance (R2): PP + ((H - L) * 0.618)
First Resistance (R1): PP + ((H - L) * 0.382)
First Support (S1): PP - ((H - L) * 0.382)
Second Support (S2): PP - ((H - L) * 0.618)
Third Support (S3): PP - ((H - L) * 1.000)
These pivot point calculations help traders identify potential support and resistance levels, enabling more informed decision-making in their trading strategies.
๐ต How to Use
๐ฃ Two Methods for Trading Pivot Points
There are two primary methods for trading pivot points: trading with "pivot point breakouts" and trading with "price reversals."
๐ฃ Pivot Point Breakout
A breakout through pivot lines provides a significant signal to the trader, indicating a change in market sentiment. When an upward breakout occurs and the price crosses these lines, a trader can enter a long position and place their stop-loss below the pivot point (P).
Similarly, if a downward breakout happens, a short order can be placed below the pivot point.
When trading with pivot point breakouts, if the upward trend breaks, the first and second support levels can be the trader's profit targets. In a downward trend, the first and second resistance levels will serve this role.
๐ฃ Price Reversal
Another method for trading pivot points is waiting for the price to reverse from the support and resistance levels. To execute this strategy, one should trade in the opposite direction of the trend as the price reverses from the pivot point.
It's worth noting that although traders use this tool in higher time frames, it yields better results in shorter time frames such as one-hour, 30-minute, and 15-minute intervals.
Pivot Points - [RealFact]Description:
The Pivot Points indicator is a powerful tool for identifying potential support and resistance levels based on previous price action. It calculates key pivot levels (P), along with support (S1, S2) and resistance (R1, R2) levels, which are used to forecast potential turning points in the market.
Key Features:
Pivot Calculation: Based on the previous period's high, low, and close prices.
Support and Resistance Levels: Three support (S1, S2) and three resistance (R1, R2) levels.
Customizable Timeframes: Applicable to various timeframes including daily, weekly, and monthly charts.
Visual Representation: Levels are clearly plotted on the chart, making it easy to identify key areas.
Trading Strategies: Useful for breakout, reversal, and trend-following strategies.
How to Use:
Identify Key Levels: Use the pivot point (P) to determine the general market trend.
Support and Resistance: Look for price reactions at S1, S2, R1 and R2 to find potential entry and exit points.
Combine with Other Indicators: Enhance analysis by combining with other technical indicators such as Moving Averages, RSI, or MACD.
Formula:
Pivot Point (P) = (High + Low + Close) / 3
Support 1 (S1) = 2P - High
Resistance 1 (R1) = 2P - Low
Support 2 (S2) = P - (High - Low)
Resistance 2 (R2) = P + (High - Low)
Best Practices:
Confirm with Volume: Look for volume confirmation when price approaches pivot levels.
Avoid False Breakouts: Be cautious of false breakouts and use other indicators to confirm price moves.
Pivot Points with MID LevelsThis indicator shows the Standard Pivot Points level based on daily values that can act as support and resistance. It is used by a variety of traders around the world. You can select which time frame Pivot Point Levels you'd like. Daily, weekly etc... Perfect for swing trading or day trading.
Pivot Points- Shows 3 levels of resistance, the Pivot Point and 3 levels of support
(R3, R2, R1, PIVOT POINT, S1, S2, S3
MID Levels- The MID levels are 50% retracement from the pivot point level above it and below
Example- R3, MID, R2, MID, R1, MID, PIVOT POINT, MID, S1, MID, S2, MID, S3
With this indicator you will also have the option to show the Previous days High and Low that are also important levels. On gap up/down days it is always interesting to see if price will close the gap, hence the important level to note.
PDH= Previous Days High
PDL= Previous Days Low
I have added a feature that you can now select specific color to each level and the line style for each level to help understand which levels are being show by personal needs.
Happy Trading
TrendzonesHi all!
This indicator plots trendlines. These lines are not plotted as traditional lines, but are instead zones. This is useful if you think that trend lines are more of an area of importance than a line.
It does so by finding pivots and connecting two of them if they have not been broken (more about that later) in-between the pivots.
These trend zones can be used as support/resistance that the price can react to.
โข The first trendline is drawn between the high/low of the first and second pivot.
โข The second trendline's first point is at the open/close of the pivot (either the first pivot or the second one) that has the smallest difference between the high/low and the nearest open/close. The same difference (between the high/low and the open/close) is then subtracted from the other pivot's high/low. This creates a point at the other pivot bar. A trendline is then drawn between the points.
This creates two trendlines and a zone between the two trendlines. This zone is the one kept and is shown by the script.
You can define the pivot lengths used to find trend zones (defaults to 3/3). You can also define the number of pivots to look back for, to find trend zones and the number of active zones, both of these defaults to 3. You can also choose to let the script create new zones based on time ("Oldest") or the zone that is furthest away in price, this defaults to be based on time but it can be useful for letting the script remove the one which is furthest away in price. Another useful setting is the one called "Cross source". This defines the price that has to cross the trend zone to make it invalid (broken). This defaults to "Close", i.e. the bar has to close on the "wrong side" of the trend zone.
The current zones are shown with an extension to the right, but you can also choose to keep the previous lines (without extension). Please note that kept zones are only the ones that are broken, not the replaced ones. I.e. the zones that are kept are the ones that are crossed by the user defined "cross source" (defaults to the closing/current price of the bar).
Hope this makes sense, let me know if you have any questions.
Best of trading luck!
Z-score Volume by SkreepanDescription:
This indicator calculates the Z-score of the trading volume over a specified period. The Z-score is a statistical measure that describes a value's relation to the mean of a group of values. In this context, it shows how far the current volume is from the average volume in terms of standard deviations.
Inputs:
ROC Length: The period used to calculate the Rate of Change (ROC) of the source price. Default is 9.
Source: The data series to calculate the ROC. Default is the closing price.
Period: The number of bars used to calculate the moving average and standard deviation of the volume. Default is 56.
Volume Z-Score Threshold: The threshold for the Z-score above which specific conditions will trigger visual markers. Default is 3.0.
Conditions:
A visual marker (triangle) is plotted on the chart when the following conditions are met:
1. The Volume Z-Score is greater than the specified threshold.
2. The open price is greater than the close price (indicating a bearish candle).
3. The ROC is less than -2.0 (indicating a significant downward movement).
Visualizations:
Markers are plotted on the chart when the conditions are met to highlight significant volume spikes under bearish conditions with strong downward price movement.
Note:
This indicator works by detecting anomalous volumes. When such volumes occur, it is considered a good signal to buy. The indicator performs well on 3-minute and 5-minute timeframes, but if you see a signal on the hourly timeframe, it serves as good confirmation on smaller timeframes. This indicator only works for buy signals.
If this indicator has been helpful to you, please leave a comment!
[r380]Bear & Bull Pivot Signal Indicator_(Lite))Bear & Bull Pivot Signal Indicator
Overview:
The Bear & Bull Multi Pivot Signal Indicator is a comprehensive trading tool designed to identify potential market reversal points and trend changes. This indicator combines multiple technical analysis strategies such as RSI, MACD, and pivot points to generate reliable signals. By overlapping these signals, the indicator increases the possibility of accurate trend predictions, providing traders with valuable insights for informed decision-making.
"This indicator is primarily optimized for Bitcoin on a 15-minute timeframe and is recommended for short-term trading. Reliability on other timeframes is not guaranteed."
Key Features:
Bear and Bull Signals: Clearly indicate potential market reversal points using bear and bull emojis.
Support and Resistance Signals: Indicated with sun and snowflake emojis to show critical price levels.
Overheat Cooldown Pivot: Detects market exhaustion points to signal potential reversals.
Settings:
RSI Settings: Adjust the RSI period and thresholds to match your trading strategy. Default values are optimized for short-term trading.
MACD Settings: The MACD settings are pre-configured but can be customized if needed.
Visual Settings: If excessive signals cause visual discomfort, you can selectively enable or disable features in the visual settings.
Signal Descriptions:
๐ป Bear Signal: Indicates a potential high point where the market may reverse downwards. Combines RSI and MACD conditions to provide a reliable overbought signal. When accompanied by high volume, it can indicate a strong resistance level.
๐ฎ Bull Signal: Indicates a potential low point where the market may reverse upwards. Uses both RSI and MACD conditions to highlight oversold situations. When accompanied by high volume, it can indicate a strong support level.
โ๏ธ Resistance Signal: Shows a resistance level where the price has difficulty moving higher. When the price crosses below this level, it signals a potential downward movement. Combined with high volume, it can signify robust resistance.
โ๏ธ Support Signal: Shows a support level where the price has difficulty moving lower. When the price crosses above this level, it signals a potential upward movement. Combined with high volume, it can signify strong support.
Detailed Explanation:
This indicator is not simply a combination of multiple indicators but is designed to increase the probability of detecting potential trend reversal signals by using multiple signals. If signals only appear when multiple conditions are met, how many trades can we make in a year? Because there is no 100% certainty in any situation, we need to use various signals to construct our strategy and proceed with trading. For example, if only one signal appears, the reliability of the trend reversal signal is somewhat weak, so we can strategize by betting only a portion of the capital. If multiple signals appear simultaneously, we can consider it a highly reliable trend reversal signal and increase the betting amount and stop loss accordingly. The essence of this indicator, in my view, is not to blindly trade based on signals but to use it as an auxiliary tool for strategic decision-making.
RSI (Relative Strength Index), MACD, and Stochastic RSI: By using various indicators to confirm trend reversal signals, bear and bull emojis are included. If the RSI reaches an oversold zone and then drops by a certain amount, while the MACD turns negative and the Stochastic RSI makes a gold or dead cross, the bear and bull signals are activated.
Pivot Points: Calculated based on the high, low, and close prices over a specific lookback period. These points are used to determine support and resistance levels. Pivot points provide a framework for assessing market sentiment and potential reversal zones. The values calculated this way activate the sun and snowflake signals.
The Overheat Cooldown Pivot: captures moments when the market shows signs of exhaustion, particularly when overbought or oversold conditions are accompanied by a drop in volume. This helps traders anticipate market turning points more effectively. These signals appear as red or green triangles indicating potential reversals. Although similar to the bear and bull signals in detecting market cool-off points, these signals rely on volume and may have slightly lower reliability.
Practical Application:
By using this indicator, traders can strategically adjust their bet sizes based on the reliability of the signals. When multiple signals coincide, it indicates a higher probability of a trend reversal, allowing for larger position sizes. Conversely, when signals occur independently, it suggests a lower probability, warranting smaller position sizes. This approach enables traders to manage their risk effectively and capitalize on high-probability trading opportunities without excessively reducing trading frequency.
Trading Method:
The basic setup is for Bitcoin on a 15-minute timeframe, and short-term trading is recommended by the creator. Upon signal activation, if only one signal appears, verify the volume and support/resistance lines, calculate the risk-reward ratio, and enter a position with a low betting ratio. If three signals activate simultaneously, enter a position with a higher betting ratio.
Reliability Order:
๐ป๐ฎ > โ๏ธโ๏ธ > ๐ป๐บ (replacing green triangle emojis)
This indicator provides a powerful method for detecting multiple potential market reversals and trend continuations.
Note: Have realistic expectations and understand the limitations of technical analysis tools. This indicator is a tool to assist in your trading decisions and not a guaranteed prediction of market movements.
Warning! Do not trade solely based on this indicator.
Additionally, if you find the settings lacking, feel free to adjust them yourself! Thank you!
Korean Version
๊ณฐ๋์ด์ ์ก์์ง ๋ฉํฐ ํผ๋ด ์๊ทธ๋ ์ธ๋์ผ์ดํฐ
๊ฐ์:
๊ณฐ๋์ด์ ์ก์์ง ๋ฉํฐ ํผ๋ด ์๊ทธ๋ ์ธ๋์ผ์ดํฐ๋ ์ ์ฌ์ ์์ฅ ๋ฐ์ ์ง์ ๊ณผ ์ถ์ธ ๋ณํ๋ฅผ ์๋ณํ๊ธฐ ์ํด ์ค๊ณ๋ ์ข
ํฉ ๊ฑฐ๋ ๋๊ตฌ์
๋๋ค. ์ด ์ธ๋์ผ์ดํฐ๋ RSI, MACD, ํผ๋ด ํฌ์ธํธ ๋ฑ์ ์ฌ๋ฌ ๊ธฐ์ ๋ถ์ ์ ๋ต์ ๊ฒฐํฉํ์ฌ ์ ๋ขฐํ ์ ์๋ ์ ํธ๋ฅผ ์์ฑํฉ๋๋ค. ์ด๋ฌํ ์ ํธ๋ค์ ์ค์ฒฉํจ์ผ๋ก์จ ์ ํํ ์ถ์ธ ์์ธก์ ๊ฐ๋ฅ์ฑ์ ๋์ฌ, ํธ๋ ์ด๋๊ฐ ์ ๋ณด๋ฅผ ๊ธฐ๋ฐ์ผ๋ก ๊ฒฐ์ ์ ๋ด๋ฆฌ๋ ๋ฐ ์ ์ฉํ ํต์ฐฐ๋ ฅ์ ์ ๊ณตํฉ๋๋ค.
๊ธฐ๋ณธ์ ์ผ๋ก ๋นํธ์ฝ์ธ 15๋ถ๋ด์ ๊ธฐ์ค์ผ๋ก ํ๋ฉฐ ๋งค๋งค ๋ฐฉ๋ฒ์ ๋จํ๋ฅผ ๊ถ์ฅํฉ๋๋ค. ๋ค๋ฅธ ํ์ํ๋ ์์์์ ์ ๋ขฐ๋ ๋ณด์ฅ ํ์ง ์์ต๋๋ค.
์ฃผ์ ๊ธฐ๋ฅ:
๊ณฐ๋์ด์ ์ก์์ง ์ ํธ: ์์ฅ์ ์ ์ฌ์ ๋ฐ์ ์ง์ ์ ๊ณฐ๋์ด์ ์ก์์ง ์ด๋ชจ์ง๋ก ๋ช
ํํ๊ฒ ํ์ํฉ๋๋ค.
์ง์ง ๋ฐ ์ ํญ ์ ํธ: ์ค์ํ ๊ฐ๊ฒฉ ์์ค์ ๋ํ๋ด๊ธฐ ์ํด ํ์๊ณผ ๋์ก์ด ์ด๋ชจ์ง๋ก ํ์ํฉ๋๋ค.
์ค๋ฒํํธ ์ฟจ๋ค์ด ํผ๋ด: ์์ฅ ํผ๋ก ์ง์ ์ ๊ฐ์งํ์ฌ ์ ์ฌ์ ๋ฐ์ ์ ํธ๋ฅผ ์ ๊ณตํฉ๋๋ค.
์ธํ
๋ฐฉ๋ฒ:
RSI ์ค์ : RSI ๊ธฐ๊ฐ๊ณผ ์๊ณ๊ฐ์ ์กฐ์ ํ์ฌ ์์ ์ ๊ฑฐ๋ ์ ๋ต์ ๋ง์ถฅ๋๋ค. ๊ธฐ๋ณธ๊ฐ์ ๋จ๊ธฐ ๊ฑฐ๋์ ์ต์ ํ๋์ด ์์ต๋๋ค.
MACD ์ค์ : MACD ์ค์ ์ ๋ฏธ๋ฆฌ ๊ตฌ์ฑ๋์ด ์์ผ๋ฉฐ, ํ์์ ๋ฐ๋ผ ์ฌ์ฉ์ ์ ์๊ฐ ๊ฐ๋ฅํฉ๋๋ค.
๋น์ฅฌ์ผ ์ธํ
: ๊ณผ๋ํ ์๊ทธ๋ ๋๋ฌธ์ ๋์ด ์ํ์๋ค๋ฉด ๋น์ฅฌ์ผ์ธํ
์์ ์ ํ์ ์ผ๋ก ๊ธฐ๋ฅ๋ค์ ์ผ๊ฑฐ๋ ๋ ์ ์์ผ๋ ์ฐธ๊ณ ํ์ธ์.
์ ํธ ์ค๋ช
:
๐ป ๊ณฐ๋์ด ์ ํธ: ์์ฅ์ด ํ๋ฝํ ๊ฐ๋ฅ์ฑ์ด ์๋ ๊ณ ์ ์ ๋ํ๋
๋๋ค. RSI์ MACD ์กฐ๊ฑด์ ๊ฒฐํฉํ์ฌ ์ ๋ขฐํ ์ ์๋ ๊ณผ๋งค์ ์ ํธ๋ฅผ ์ ๊ณตํฉ๋๋ค. ๋์ ๊ฑฐ๋๋๊ณผ ํจ๊ป ๋ํ๋๋ฉด ๊ฐํ ์ ํญ ์์ค์ ๋ํ๋ผ ์ ์์ต๋๋ค.
๐ฎ ์ก์์ง ์ ํธ: ์์ฅ์ด ์์นํ ๊ฐ๋ฅ์ฑ์ด ์๋ ์ ์ ์ ๋ํ๋
๋๋ค. RSI์ MACD ์กฐ๊ฑด์ ์ฌ์ฉํ์ฌ ๊ณผ๋งค๋ ์ํฉ์ ๊ฐ์กฐํฉ๋๋ค. ๋์ ๊ฑฐ๋๋๊ณผ ํจ๊ป ๋ํ๋๋ฉด ๊ฐํ ์ง์ง ์์ค์ ๋ํ๋ผ ์ ์์ต๋๋ค.
โ๏ธ ์ ํญ ์ ํธ: ๊ฐ๊ฒฉ์ด ๋ ์ด์ ์์นํ๊ธฐ ์ด๋ ค์ด ์ ํญ ์์ค์ ๋ํ๋
๋๋ค. ๊ฐ๊ฒฉ์ด ์ด ์์ค ์๋๋ก ํ๋ฝํ๋ฉด ์ ์ฌ์ ํ๋ฝ ์์ง์์ ์ ํธํฉ๋๋ค. ๋์ ๊ฑฐ๋๋๊ณผ ํจ๊ป ๋ํ๋๋ฉด ๊ฐ๋ ฅํ ์ ํญ์ ์๋ฏธํ ์ ์์ต๋๋ค.
โ๏ธ ์ง์ง ์ ํธ: ๊ฐ๊ฒฉ์ด ๋ ์ด์ ํ๋ฝํ๊ธฐ ์ด๋ ค์ด ์ง์ง ์์ค์ ๋ํ๋
๋๋ค. ๊ฐ๊ฒฉ์ด ์ด ์์ค ์๋ก ์์นํ๋ฉด ์ ์ฌ์ ์์น ์์ง์์ ์ ํธํฉ๋๋ค. ๋์ ๊ฑฐ๋๋๊ณผ ํจ๊ป ๋ํ๋๋ฉด ๊ฐํ ์ง์ง๋ฅผ ์๋ฏธํ ์ ์์ต๋๋ค.
์์ธ ์ค๋ช
:
์ด ์ธ๋์ผ์ดํฐ๋ ์ฌ๋ฌ ์ธ๋์ผ์ดํฐ๋ฅผ ๋จ์ํ ๊ฒฐํฉํ ๊ฒ์ด ์๋๋ผ, ์ฌ๋ฌ๊ฐ์ง ์๊ทธ๋๋ค์ ์ฌ์ฉํด์ ์ ์ฌ์ ์ถ์ธ์ ํ ์ ํธ ๊ฐ์ง ํ๋ฅ ์ ๋์ด๋ ๊ฒ์ ๋ชฉ์ ์ด ์์ต๋๋ค. ๋จ์ํ ์ฌ๋ฌ๊ฐ์ง ์กฐ๊ฑด๋ค์ด ์ค์ฒฉ๋์์๋๋ง ์ ํธ๊ฐ ๋ฌ๋ค๋ฉด ์ฐ๋ฆฌ๋ 1๋
์ ๋ช๋ฒ์ด๋ ๋งค๋งค๋ฅผ ํ ์ ์์๊น์. ๋ชจ๋ ๊ฒฝ์ฐ์ 100% ๋ผ๋ ๊ฒฝ์ฐ๊ฐ ์๊ธฐ๋๋ฌธ์ ์ฐ๋ฆฌ๋ ๋ค์ํ ์ ํธ๋ค์ ํ์ฉํ์ฌ ์ ๋ต์ ๊ตฌ์ฑํ๊ณ ๋งค๋งค๋ฅผ ์งํ ํด์ผํฉ๋๋ค. ์๋ฅผ๋ค์ด 1๊ฐ์ ์๊ทธ๋๋ง ๋ฌ๋ค๋ฉด ์ถ์ธ์ ํ ์ ํธ์ ์ ๋ขฐ๋๊ฐ ๋ค์ ์ฝํ๊ธฐ ๋๋ฌธ์ ์๋์ ์ผ๋ถ ๊ธ์ก๋ง ๋ฐฐํ
ํ๋ ์์ผ๋ก ์ ๋ต์ ๊ตฌ์ฑ ํ ์๋ ์๊ณ , ๋ง์ฝ ์ฌ๋ฌ๊ฐ์ง ์๊ทธ๋๋ค์ด ์ถฉ์ ์ ์ผ๋ก ๋ฌ๋ค๋ฉด ์ ๋ขฐ๋ ๋์ ์ถ์ธ์ ํ์ ์ ํธ๋ก ์ธ์ํ์ฌ ๋ฐฐํ
๊ธ์ก์ ๋์ด๊ณ ์คํ๋ก์ค๋ฅผ ๋๊ฒ ์ก๋ ๋ฐฉํฅ์ผ๋ก ์ ๋ต์ ๊ตฌ์ฑ ํ ์ ์์ต๋๋ค. ๋จ์ํ ๋งน๋ชฉ์ ์ผ๋ก ์๊ทธ๋์ด ๋ณ๋ค๊ณ ๋งค๋งคํ๋๊ฒ์ด ์๋ ๋ณด์กฐ ์ ํธ๋ก์จ์ ๊ธฐ๋ฅ, ์ด๊ฒ์ด ๋ด๊ฐ ์๊ฐํ๋ ์ธ๋์ผ์ดํฐ์ ์ญํ ์ด์ ๋ณธ์ง ์ด๋ผ๊ณ ์๊ฐํฉ๋๋ค.
RSI (์๋ ๊ฐ๋ ์ง์)์ MACD, ์คํ ์บ์คํฑ RSI: ์ฌ๋ฌ๊ฐ์ง ์งํ๋ค์ ๊ธฐ๋ฐ์ผ๋ก ์ถ์ธ ๋ฐ์ ์ ์ ํธ๋ฅผ ํ์ธ ํ ์ ์๋ ๊ณฐ๋์ด์ ์ก์์ง๋ฅผ ๋ฃ์์ต๋๋ค. RSI ๊ฐ ๊ณผ๋งค๋ ๊ตฌ๊ฐ์ ๋๋ฌํ ์ดํ์ผ์ ์์น ์ด์ ํ๋ฝํ๋ ๋์์ MACD๊ฐ ์์๋ก ๋ณํ๊ณ ์คํ ์บ์คํฑ RSI๊ฐ ๊ณจ๋, ๋ฐ๋ ํฌ๋ก์ค๊ฐ ๋๋ค๋ฉด ๊ณฐ๋์ด์ ์ก์์ง ์ ํธ๊ฐ ํ์ฑํ ๋ฉ๋๋ค.
ํผ๋ด ํฌ์ธํธ: ํน์ ๋๋์๋ณด๊ธฐ ๊ธฐ๊ฐ ๋์์ ์ต๊ณ , ์ต์ , ์ข
๊ฐ๋ฅผ ๊ธฐ๋ฐ์ผ๋ก ๊ณ์ฐ๋ฉ๋๋ค. ์ด ํฌ์ธํธ๋ ์ง์ง ๋ฐ ์ ํญ ์์ค์ ๊ฒฐ์ ํ๋ ๋ฐ ์ฌ์ฉ๋ฉ๋๋ค. ํผ๋ด ํฌ์ธํธ๋ ์์ฅ ์ฌ๋ฆฌ์ ์ ์ฌ์ ๋ฐ์ ์์ญ์ ํ๊ฐํ๋ ํ๋ ์์ํฌ๋ฅผ ์ ๊ณตํฉ๋๋ค. ์ด๋ ๊ฒ ๊ณ์ฐ๋ ๊ฐ์ ๊ธฐ๋ฐ์ผ๋ก ๋์ก์ด์ ํด ์ ํธ๊ฐ ํ์ฑํ ๋ฉ๋๋ค.
์ค๋ฒํํธ ์ฟจ๋ค์ด ํผ๋ด: ๋ ๊ณผ๋งค์ ๋๋ ๊ณผ๋งค๋ ์ํ์์ ๊ฑฐ๋๋์ด ๊ฐ์ํ ๋ ์์ฅ ํผ๋ก ์ง์ ์ ํฌ์ฐฉํ์ฌ ์ ์ฌ์ ๋ฐ์ ์ง์ ์ ์ ํธํฉ๋๋ค. ์ด๋ฌํ ํผ๋ก ์ง์ ์ ์๋ณํจ์ผ๋ก์จ ์ธ๋์ผ์ดํฐ๋ ํธ๋ ์ด๋๊ฐ ์์ฅ์ ์ ํ์ ์ ๋ณด๋ค ํจ๊ณผ์ ์ผ๋ก ์์ธกํ ์ ์๋๋ก ๋์ต๋๋ค. ๊ทธ๋ ๊ฒ ์ถ์ธ ๋ฐ์ ์ ์ ํธ๋ก ๋
น์ ๋๋ ๋ถ์์ ์ผ๊ฐํ ์๊ทธ๋์ด ๋น๋๋ค. ๊ณผ์ด๋ ์์ฅ์ด ๋๊ฐ๋๋ ํฌ์ธํธ๋ฅผ ์ฐพ๋์ ์์๋ ๊ณฐ๋์ด ์ก์์ง ์ ํธ์ ๋น์ทํ์ง๋ง ๊ฑฐ๋๋์ ๊ธฐ๋ฐ์ผ๋ก ํ๊ณ ์๊ธฐ ๋๋ฌธ์ ๋ช
๋ฐฑํ ๋ค๋ฅธ ์๊ทธ๋์ด๋ฉฐ ์ ๋ขฐ๋๋ ์ฝ๊ฐ ๋ฎ์ ์๋ ์์ต๋๋ค
์ค์ฉ์ ์ ์ฉ:
์ด ์ธ๋์ผ์ดํฐ๋ฅผ ์ฌ์ฉํจ์ผ๋ก์จ, ํธ๋ ์ด๋๋ ์ ํธ์ ์ ๋ขฐ๋์ ๋ฐ๋ผ ๋ฒ ํ
ํฌ๊ธฐ๋ฅผ ์ ๋ต์ ์ผ๋ก ์กฐ์ ํ ์ ์์ต๋๋ค. ์ฌ๋ฌ ์ ํธ๊ฐ ๋์์ ๋ํ๋ ๋, ์ด๋ ์ถ์ธ ๋ฐ์ ์ ๊ฐ๋ฅ์ฑ์ด ๋์์ ๋ํ๋ด๋ฉฐ, ๋ ํฐ ํฌ์ง์
ํฌ๊ธฐ๋ฅผ ํ์ฉํฉ๋๋ค. ๋ฐ๋๋ก, ์ ํธ๊ฐ ๋
๋ฆฝ์ ์ผ๋ก ๋ฐ์ํ ๋๋ ๋ฎ์ ๊ฐ๋ฅ์ฑ์ ๋ํ๋ด๋ฏ๋ก ์์ ํฌ์ง์
ํฌ๊ธฐ๊ฐ ์ ํฉํฉ๋๋ค. ์ด ์ ๊ทผ ๋ฐฉ์์ ํธ๋ ์ด๋๊ฐ ํจ๊ณผ์ ์ผ๋ก ๋ฆฌ์คํฌ๋ฅผ ๊ด๋ฆฌํ๊ณ ๋์ ํ๋ฅ ์ ๊ฑฐ๋ ๊ธฐํ๋ฅผ ํ์ฉํ๋ฉด์ ๊ฑฐ๋ ๋น๋๋ฅผ ๊ณผ๋ํ๊ฒ ์ค์ด๋ ๊ฒ์ ๋ฐฉ์งํ ์ ์๊ฒ ํฉ๋๋ค.
๋งค๋งค๋ฐฉ๋ฒ:
๊ธฐ๋ณธ์ ์ธ ์ธํ
์ ๋นํธ์ฝ์ธ 15๋ถ ํ์ํ๋ ์์ด๋ฉฐ ์ ์์๋ ๋จํ๋ฅผ ์ถ์ฒํฉ๋๋ค. ํฌ์ง์
์ง์
์ ์๊ทธ๋์ด 1๊ฐ๊ฐ ๋ฌ๋ค๋ฉด ๊ฑฐ๋๋๊ณผ ์ง์ง์ ์ ํญ๋ผ์ธ์ ํ์ธํ๊ณ ์์ต๋น๋ฅผ ๊ณ์ฐํ ๋ฎ์ ๋ฐฐํ
๋น์จ๋ก ํฌ์ง์
์ ์ง์
ํฉ๋๋ค. ๋ง์ฝ์ 3๊ฐ์ ์๊ทธ๋์ด ๋์์ ํ์ฑํ ๋๋ค๋ฉด ๋ณด๋ค ๋์ ๋น์จ๋ก ํฌ์ง์
์ ์ง์
ํฉ๋๋ค.
์ ๋ขฐ๋ ์์:
]๐ป๐ฎ > โ๏ธโ๏ธ > ๐ป๐บ(์ด๋ก ์ผ๊ฐ์ด๋ชจ์ง๊ฐ ์๊ธฐ๋๋ฌธ์ ์ด๊ฒ์ผ๋ก ๋์ฒด)
์ด ์งํ๋ ์ฌ๋ฌ ์ ์ฌ์ ์ธ ์์ฅ ๋ฐ์ ๋ฐ ์ถ์ธ ์ง์์ฑ์ ๊ฐ์งํ๋ ๊ฐ๋ ฅํ ๋ฐฉ๋ฒ์ ์ ๊ณตํฉ๋๋ค.
์ฐธ๊ณ : ํ์ค์ ์ธ ๊ธฐ๋๋ฅผ ๊ฐ์ง๊ณ ๊ธฐ์ ๋ถ์ ๋๊ตฌ์ ํ๊ณ๋ฅผ ์ดํดํ์ญ์์ค. ์ด ์งํ๋ ์์ฅ ์์ง์์ ๋ณด์ฅํ๋ ์์ธก์ด ์๋๋ผ ๊ฑฐ๋ ๊ฒฐ์ ์ ๋๊ธฐ ์ํ ๋๊ตฌ์
๋๋ค.
๊ฒฝ๊ณ ! ์ ๋ ์ด ์งํ๋ง์ ๊ฐ์ง๊ณ ๋งค๋งคํ์ง ๋ง์ญ์ผ.
์ถ๊ฐ์ ์ผ๋ก ์ ์์๋ ์งํ ์ธํ
์ ํ์ ์ด๋ผ ๊ผฌ์ฐ๋ฉด ๋น์ ์ด ์ธํ
ํ์ญ์ผ! ๊ฐ์ฌํฉ๋๋ค!
Pivot PointsPivot points are technical indicators used in financial markets (such as stocks, forex, or commodities) to identify potential turning points in price movement. They provide reference levels based on the previous dayโs price action.
How to use the Pivot Points indicator
Traders use pivot points to identify significant price levels where the market may reverse or consolidate.
PP, S1, and R1 are considered primary levels, while S2 and R2 are secondary levels.
R3, R4, R5, S3, S4 and S5 are considered more extreme levels and we normally don't see price action trade near these levels on a typical day. This indicator calculates those extreme levels to help on days with extreme price action.
Pivot points can be calculated for different timeframes (daily, weekly, monthly, quarterly, 6-months and yearly).
Pivot points calculated using the daily timeframe is a popular chose among day traders traders who trade intraday timeframes.
Trading Strategies
Bounce Strategy:
Buy near support (S1 or S2) if the price bounces off these levels.
Sell near resistance (R1 or R2) if the price reverses from these levels.
Breakout Strategy:
If the price breaks above R1, consider a long position.
If the price breaks below S1, consider a short position.
Profit targets:
If in a long trade and price hits R1, you take some profit.
If in a short trade and price hits S1, you take some profit.
Combine pivot points with other technical indicators (e.g., moving averages, candlestick patterns) for confirmation. Remember that pivot points are just one tool among many, and their effectiveness varies across different markets and timeframes. Always practice risk management and consider the overall market context when using pivot points in your trading decisions.
Weighted Moving Range with Trend Signals (WMR-TS)Weighted Moving Range with Trend Signals (WMR-TS)
Technical analysis involves analyzing statistical trends from trading activity , such as price movement and volume, to make trading decisions. Technical indicators are mathematical calculations based on the price, volume, or open interest of a security or contract. They are used by traders to analyze price movements and predict future market behavior. The WMR-TS indicator combines weighted moving averages and range calculations to identify key trading levels and generate buy/sell signals. It dynamically adjusts to market conditions, offering traders insights into potential support, resistance, and trend reversal points. Key levels are color-coded for quick interpretation. It utilizes weighted moving averages (WMA) and range calculations to determine these levels, making it a robust tool for both trending and ranging markets.
SUMMARY
Parameters :
WMA Length : Determines the length for the primary weighted moving average.
Highest High Length : Sets the period for calculating the highest high.
Lowest Low Length : Sets the period for calculating the lowest low.
Range Corrector : Adjusts the range calculation slightly for fine-tuning.
Top Level : Multiplier for determining the top level from the calculated range.
Bottom Level : Multiplier for determining the bottom level from the calculated range.
Levels Visibility : Sets how many recent bars will display the levels.
Trading Zones :
Short Area : Highlighted zone indicating potential shorting opportunities.
Long Area : Highlighted zone indicating potential buying opportunities.
The Levels :
Wave (Yellow): Midpoint of the calculated range, adjusted by WMA.
Top Level (Red): Calculated upper boundary of the trading range.
Sell Level (Pink): Intermediate sell level.
Resistance Level (Magenta): Immediate resistance level.
Support Level (Cyan): Immediate support level.
Buy Level (Light Green): Intermediate buy level.
Bottom Level (Dark Green): Calculated lower boundary of the trading range.
Interpreting the Signals :
Hammer Signal : Red circles above bars indicate potential sell signals.
Rocket Signal : Green circles below bars indicate potential buy signals.
KEY CONCEPTS
Highest High and Lowest Low :
These values represent the highest high ( HH ) and lowest low ( LL ) over a specified number of periods.
Support Level :
This is the lower boundary of the trading range. It is a price level where demand is strong enough to prevent the price from falling further. As the price approaches the support level, it is likely to bounce back up.
Resistance Level :
This is the upper boundary of the trading range. It is a price level where supply is strong enough to prevent the price from rising further. As the price approaches the resistance level, it is likely to pull back down.
THE USE OF MULTIPLIERS :
The script uses several multipliers to adjust and fine-tune the calculated support and resistance levels, as well as to control the range and sensitivity of these levels. Here is a detailed explanation of these multipliers and their purpose:
Range Corrector : This multiplier adjusts the calculated high ( H ) and low ( L ) levels, adding flexibility to how these levels are positioned relative to the highest high and lowest low. It ranges from -1 to 1 , with a default value of 0 . The use of positive values increase the range, making the calculated levels further apart. Thus, using negative values decrease the range, bringing the calculated levels closer together.
Top Level : This multiplier adjusts the distance of the top level from the calculated high H ) level. It fluctuates from 0 to 2 , with a default value of 0.382 . Higher values will push the top level further above the high level, while lower values will bring it closer.
Bottom Level : This multiplier adjusts the distance of the bottom support level from the calculated low support level. Ranging from 0 to 2, with a default value of 0.214, the higher values will push the bottom level further below the low level, while lower values will bring it closer.
The script plots the support and resistance levels on the chart, allowing traders to visualize the trading range. Color-coded zones are used to indicate areas where buying or selling opportunities may arise based on the current price relative to the trading range. A trading range refers to the area between a price's support and resistance levels over a specific period of time. Within this range, the price of the security fluctuates up and down but does not break out above the resistance or below the support. Support and resistance levels to make trading decisions. Buying near the support level and selling near the resistance level is a common strategy. When the price moves above the resistance level, it is called a breakout . A breakout often indicates that the price may start a new upward trend . Conversely, when the price moves below the support level, it is called a breakdown . A breakdown often indicates that the price may start a new downward trend . By understanding and utilizing trading ranges, traders can make more informed decisions, optimize their trading strategies, and manage risk more effectively.
Understanding Moving Averages
A moving average (MA) is a widely used technical indicator that helps smooth out price data by creating a constantly updated average price. The main purpose of using a moving average is to identify the direction of the trend and to reduce the "noise" of random price fluctuations. The Weighted Moving Average ( WMA ) assigns different weights to each period, with more recent periods typically given more weight. A 10-day WMA might give the most recent day a weight of 10, the second most recent day a weight of 9, and so on. It is useful for traders who want to emphasize recent price data more than older data. When the price is above the moving average, it suggests an Bullish trend . A Bearish Trend is expected to take place when the price is below the moving average. Understanding the price reactions around these levels can be used to make trading decisions.
APPLYING CONCEPTS
Support and Resistance Calculations in the Script :
The script calculates dynamic support and resistance levels using weighted moving averages ( WMA s) and the highest high and lowest low over specified periods. Buy ( Rocket ) and sell ( Hammer ) signals are generated based on the crossing of the price with calculated top and bottom levels.These signals help traders identify potential entry and exit points within the trading range .
Weighted Moving Average (WMA) Application in the Script
This script calculates a special trendWMA using the close price that helps in creating a more dynamic moving average that considers both high and low price actions. This modified WMA is used in conjunction with highest high and lowest low values over specified periods to calculate dynamic support and resistance levels.
Explanation of the Levels in the Script
By understanding these levels, traders can make more informed decisions about where to enter and exit trades, manage risk, and anticipate potential market movements. The script incorporates several key levels levels that traders can use to better anticipate price movements and make more informed trading decisions. Leveraging the principles of Fibonacci retracement ratios ( 23.6%, 38.2%, 50%, 61.8%, and 100% ) to identify key support and resistance zones can also serve for gauging the overall market sentiment.
Top Level and Sell Leve l: Used to identify potential resistance zones where the price may reverse or pause.
Support Level and Buy Level : Used to identify potential support zones where the price may bounce.
Upper and Lower Pivot Values : Serve as intermediate levels for possible price retracements or extensions within the trading range.
Wave Level : Indicates the central trend direction, which can be useful for gauging the overall market sentiment.
Alerts are a crucial part of the script as they notify traders of potential buy and sell signals based on predefined conditions. There are two main alerts: one for a " Hammer " signal (sell condition) and one for a " Rocket " signal (buy condition).
Adjust the input parameters to fit your trading style and the specific asset being analyzed. Shorter lengths may be more responsive to price changes but can produce more false signals , while longer lengths provide smoother signals but may lag . Always backtest the indicator on historical data to understand its behavior and performance. Also remember that different markets may require different parameter settings for optimal performance.
Keep in mind that by nature like all moving averages, WMAs lag behind price action. This means that signals may be delayed. The indicator performs differently in various market conditions. Always consider the overall market context when interpreting signals.
Adjusting parameters like the range corrector and visibility can help tailor the indicator to specific market conditions or trading strategies, improving its effectiveness. The script uses the calculated levels to plot lines and fill zones on the chart, helping traders visualize potential support, resistance, and trend reversal points. The use of multipliers allows for dynamic adjustment of these levels, making the indicator flexible and adaptable to different market conditions.
I think traders can make more informed decisions about where to enter and exit trades, manage risk, and anticipate potential market movements following this code. Stay safe and always remember that market is always changing. Use this tool if you want, please stay informed and plan safe trades,
D.
Pivot Point Calculator [JP&Dia]English User Guide
Script Name: Pivot Point Calculator
What Does This Script Do? This script calculates classic and Camarilla pivot points used in financial markets. Pivot points are used to identify key support and resistance levels, and this script helps traders better understand market movements.
How to Use It?
Add the script to your charts on TradingView.
Enter your desired time frame in the โEnter Time Frameโ field (e.g., M, W, D).
Choose either or both โClassic Pivotโ and โCamarilla Pivotโ options to display them.
The script will automatically calculate the pivot points and display them on the chart.
Why Is This Script Unique? This script combines both classic and Camarilla pivot calculations, allowing users to easily utilize both pivot styles through a single script.
How Can People Benefit? Traders can use this script to identify potential buy-sell points and market trends. They can also conduct their market analyses more efficiently and effectively.
Script Adฤฑ: Pivot Noktasฤฑ Hesaplayฤฑcฤฑ
Script Ne ฤฐลe Yarar? Bu script, finansal piyasalarda kullanฤฑlan klasik ve Camarilla pivot noktalarฤฑnฤฑ hesaplar. Pivot noktalarฤฑ, รถnemli destek ve direnรง seviyelerini belirlemek iรงin kullanฤฑlฤฑr ve bu script, yatฤฑrฤฑmcฤฑlarฤฑn piyasa hareketlerini daha iyi anlamalarฤฑna yardฤฑmcฤฑ olur.
Nasฤฑl Kullanฤฑlฤฑr?
Scripti TradingViewโdeki grafiklerinize ekleyin.
โZaman Dilimi Girinโ alanฤฑna istediฤiniz zaman dilimini girin (รrneฤin: M, W, D).
โClassic Pivotโ ve โCamarilla Pivotโ seรงeneklerinden birini veya her ikisini de seรงerek gรถsterilmesini saฤlayabilirsiniz.
Script otomatik olarak pivot noktalarฤฑnฤฑ hesaplayacak ve grafik รผzerinde gรถsterecektir.
Neden รzgรผ Bir Script? Bu script, hem klasik hem de Camarilla pivot hesaplamalarฤฑnฤฑ birleลtirir ve kullanฤฑcฤฑlarฤฑn her iki pivot stilini de tek bir script รผzerinden kolayca kullanmalarฤฑnฤฑ saฤlar.
ฤฐnsanlar Nasฤฑl Faydalanabilir? Yatฤฑrฤฑmcฤฑlar, bu scripti kullanarak potansiyel alฤฑm-satฤฑm noktalarฤฑnฤฑ ve piyasa trendlerini belirleyebilirler. Ayrฤฑca, piyasa analizlerini daha verimli ve etkili bir ลekilde yapabilirler.
