This is an alternative 'divergence indicator using pivot points'
(my first was 'Divergences (Pivots)')
Instead of needing to change the 'periods' while changing the timeframe, here there are 4 'Periods' where the "high" and "lows" of
the "source" (default = "close", can be changed though) and "RSI" are captured and...
Pivot Reversal Strategy + RSI
A modified version of the standard PRS with an RSI overbought/oversold filter
Comment/uncomment "Study/Strategy" to easily switch to strategy() mode
As long as it is used in the study() version, the indicator is compatible with the Risk Management Wrapper
Separate Alerts for Buy & Sell signals
Single Alert for both Buy & Sell...
Before starting special thanks to @QuantNomad for his script "Ultimate Pivot Point Alerts"
Link : -
Please follow and support him for his work.
In this script I'm modifying how time frame factor is imported into the script and removing other types of Pivots and cleaning it...
THIS CODE IS BASED FROM THE MT4 ZIGZAG INDICATOR
THE ZIGZAG SETTINGS FOR THE MAIN ONE ON TRADINGVIEW DO NOT WORK THE SAME AS MT4
I HOPE U LOVE IT
I have had tons of experience on the ZIGZAG indicator and thought this might help someone.
Enjoy this code. Zigzag is a good indicator in many ways and people underestimate it because of its repainting
This was supposed to be an automatic ICT OTE (Optimal Trade Entry) Fib level placement on a 3-day scale, but this did not turn out anywhere near close to how I envisioned it working.
Probably with some more development and applied math for the fib levels, I can get this to work even with breached 3D levels, but currently it's an exercise in frustration.
Famous Filtered Pivots Indicator -Many TimeFrames Available
***Special Thanks to TheLark...AKA...The Coding Genius For Providing His Expertise...
***New Feature - Ability to turn On/Off Pivot Moving Average
***New Feature - Ability to turn On/Off Filtered Pivots (Explained Below)
Available Timeframes (Change In Inputs...
In my trading I use pivots system allot , only problem with them is that in lower time frames they do not perform as well
so I created this system which is more dynamic for this purpose
based on 3 indicator and just mix between then
the first is linear regression , second is alex grover step tred , the third is the regular pivots
first step is to make alex...
WARNING: The toil of this script is not mine. In order to avoid disrespect for work, I deleted some extensions only pure pivots , that is, only the information this script needed. I liked the fact that high and low pivots were in one function. I found this command by chance on stackoverflow. I don't know the authors and the nicknames because they are the...
Pivot points simply took the high, low, and closing price from the previous period and
divided by 3 to find the pivot. From this pivot, traders would then base their
calculations for three support, and three resistance levels. The calculation for the most
basic flavor of pivot points, known as ‘floor-trader pivots’, along with their support and
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