Indicator showing pivots and interpret a trend out of it.
Pivots are calculating with deviation parameter to validate with more precision.
Trending moves are calculated according to Dow Theory :
In an uptrend, if the price made a new high, the price must make a new high to confirm the trend, otherwise, it might signal a possible change in the trend.
Provides function's indicators for pivot - trend - resistance.
pivots(src, lenght, isHigh) Detecting pivot points (and returning price + bar index.
src : The chart we analyse.
lenght : Used for the calcul.
isHigh : lookging for high if true, low otherwise.
Returns: The bar index and the price of the pivot.
The Zig Zag indicator is a useful tool when it comes to visualizing past underlying trends in the price and can make the process of using drawing tools easier. The indicator consists of a series of lines connecting points where the price deviates more than a specific percentage from a maximum/minimum point ultimately connecting local peaks and troughs.
This is backtesting result of following indicator/strategy. I didn't work on adding other indicators. maybe in the future I can try to combine this with other indicators.
You can visit following link to see "Pivot Point SuperTrend" . by using this backtesting tool, you can test&find better options
There is option "Use Center Line to Close Entry...
Here signals are based on the pivot high and pivot lows. Factors taken into account in understanding the breakout or breakdown are:
candle bar is not opening candle
must be near pivot high or low
Use once candle closes else you might get trapped in certain cases so be careful
This script is created primarily for Intraday trading but can also be used for short and long term trading. This is a combination of Central Pivot Range (CPR), Moving Averages and Camarilla Pivot levels (with inner levels). This helps you to combine the strategies of CPR and Moving Averages to identify the best trading opportunities with greater edge. Central...
Software part of algotrading is simpler than you think. TradingView is a great place to do this actually. To present it, I'm publishing each of the default strategies you can find in Pinescript editor's "built-in" list with slight modification - I'm only adding 2 lines of code, which will trigger alerts, ready to be forwarded to your broker via TradingConnector...
I have included the main support and resistance pivot point levels for the Fibonacci Pivot Points. I changed the bar colors to reflect buy and sell points so if a bar is green then that means to buy it and if it is red then sell it
Let me know if you would like to see me do any other indicators!
Continue looking for more signifcant pivot points.
This script is based on my "Significant Pivot Reversal Strategy".
In this strategy I use concept of pivot of pivot points.
So for PoP I require that pivot highs point should have 2 lower pivot highs points around them and pivot low 2 higher pivot lows points.
Transparent lines represent usual pivot levels...
Continuing deeper and stronger with the screeners' educational serie one more time (#daft #punk #private #joke)
We don't have to wait for TradingView to allow screener based on custom indicator - we can build our own ^^
I - Long Terms concept
I had the idea from @scarff.
I think it's genius and I use this long terms level in my trading across...
Some time ago I published Monthly returns table. Now It's time for weekly one.
To get it work you need a pretty big screen, but I hope it will be useful for some of you.
Features of this table includes:
Display weekly returns of your strategy, benchmark, and alpha over this benchmark.
Select benchmark to be another instrument
Select the date from...
Hi fellow traders ,
Pleased to share a Pivot High - Low Screener.
The script uses the TV inbuilt Pivot function.
It Screens 25 tickers default set, these can be modified in the input dialog box.
All you need to do is attach to any chart and set the periodicity or the resolution of the chart to your desired alert() frequency requirement.
Now go to the input...
This is the developing cpr indicator made by Swastik.
It shows how the cpr is developing as the day is progressing.
The colour of the range is red when tc is below bc and green when tc is above bc .
While calculating the value of cpr , the high is the high from starting of the session and low is the low from starting of the session till that specific candle.
I keep working on trying to make TradingView strategies look fancier.
A few months ago I published the first version of the Monthly Returns for Strategies in Pine Script. I received quite a lot of good feedback and quite a lot of requests to update it.
This is a more advanced version of the Monthly Returns, in it, you can:
Display monthly returns of your...
This script aims to take into account mutable variable Pivot Points' periods.
While doing this, it takes the period between 2 signals that I use in the script:
And these periods in my Pivot HL function integrated into len length (Mutable variables) :
The cornerstone of the script is these facts.
Pivot can be optimized by playing with reversal...
This script is an adaption of an FXCM indicator called Pivots Cloud
Takes in input two timeframes, build the pivots based on them and fill the space between those pivots
Should be non-repainting
Very simple scripts that will allow you to receive alerts for new Pivot Lows/Highs Points.
A solid arrow points to actual point low/high point, transparent - to the bar, you'll receive alerts for (Shifter by rightBars).
Past performance does not guarantee future results.