NSK CRPIndicator Daily CPR, daily/weekly/monthly Pivot points, daily/weekly/monthly high and low and EMA for self use prepared by picking up stuff from collaborators here. Thanks for the community.
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Central Pivot Range 2xBased on a modified Hancock Pivot Range.
Displays the Central Pivot Range for 2 customisable Timeframes Along with Targets which are based on Classic Pivot Point Extensions.
The Pivot Point Extensions are Extended to the right of the price chart which helps eliminate unnecessary clutter
TF1 Displays Right Extensions R3 to S3 + the pivot point
TF2 Displays only Right Extensions R2 to S2
I would have liked to have provided more Right Extensions plus Labels however that would have exceeded Tradingviews memory limits, having said that R3 to S3 for both timeframes can still be displayed as historical levels
Central Pivot Range High Low and Mid Levels + the Targets work great as Support and Resistance and help with analysing the trend
A Thick Central Pivot Range generally indicates consolidation whereas a Thin Central Pivot Range generally indicates a trending market
PROFIT INDICATORFirst let me tell you which indicators have been used in this script so that you have the confidence while taking the trade:
(a) Bollinger Band with 20 SMA Inside it - Currently it is off, you can turn it on from settings.
(b) HMA 33, I have added the option of using two HMA's simultaneously. You can use HMA, EMA, SMA as per your settings and it would be color trending.
(c) VWAP- you can turn it on from settings
(d) CPR- you can turn it on from settings
(e) EMA's 20, 50, 200. Currently off, you can turn it on from settings.
(d) SMA's 50 and 200. Currently off, yu can turn it on from settings, if you want to use 20 SMA you can use bollinger band basis that is 20 period SMA.
(f) Trend bar at bottom on the basis of 50 EMA.
(g) Half Trend
(h) Trend strength Detector
(d) EMA 50 high and low to show the pac channel. I am not using this however as per request I have added this. Currently, it is trun on and you can turn it off from settings.
(f) Auto Fib levels
Please use a stick note for few days and mention imp notes before taking trade to check if all the conditions are matching to take the trade.
Buy Condition:-
1. Bolling band should be widely open.
2. Check the support and resistance from CPR. Candle should close above support in green.
3. Check the trend bar at bottom, it should be green, if it is grey in colour dont enter in trade.
4. Candle should be closing above EMA 50 and its upto you if you need additional confirmation, you can use EMA 20, 50, 200 and SMA 50 and 200, this is optional.
5. You can use VWAP as support or resistance and you can turn it on from settings.
6. Trending HMA of 33 should be in green for buy.
7. Half trend Indicator should give buy signal.
8. Trend Strength Indicator for checking the strength of the trend, if the arrow is big upside, you can go for buy.
9. Exit from buy trade when it start showing very small arrow which means trend is about to change.
10.Exit buy trade at 61.8 Fib level
Sell Condition:-
1. Bolling band should be widely open.
2. Check the support and resistance from CPR. Candle should close below resistance in red.
3. Check the trend bar at bottom, it should be red, if it is grey in colour dont enter in trade.
4. Candle should be closing below EMA 50 and its upto you if you need additional confirmation, you can use EMA 20, 50, 200 and SMA 50 and 200, this is optional.
5. You can use VWAP as support or resistance and you can turn it on from settings.
6. Trending HMA of 33 should be in red for sell.
7. Half trend Indicator should give sell signal.
8. Trend Strength Indicator for checking the strength of the trend, if the arrow is big downside, you can go for sell.
9. Exit from sell trade when down arrows start showing very small in size which means trend is about to change.
10.Exit sell trade at 61.8 Fib level
FibFans on Previous HTF HL [FaizanNawaz] by DGTFibonacci Fans application on top of Previous Higher TimeFrame High and Low. Idea owner is @faizannawaz1, special thanks to him for both the idea and tesing the application
WARNING : Study includes plottings in the future, and due to temporal gaps in non 7/24 markets such as weekends, holidays etc plotting of the fans will move to the open session (the effect will be observed on Friday and Monday). With crypto no any side affect will be observed.
More about Fibonacci Fans, how to apply fibonacci fans and automated fibonacci speed and resistance fans study
Adiitonally the study includes some addons, such as
Central Pivot Range and Traditional Pivot Points
Volume Weighted Colored Bars
Price Range Meter - Horizontal HTF Candle
Disclaimer :
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Floor Pivots With CPR and Camarilla 3 LevelsThis script plots floor pivots with the central pivot range and camarilla R3/S3 pivots, to spot with ease the Golden Pivot Zone (GPZ). As described in the book *Secret of a pivot Boss* by Franklin Ochoa, the Golden Pivot Zone occurs when R3 or S3 pivot from the Camarilla Equation or from lies within the central pivot range. This combination can be simply profitable.
A bearish GPZ occurs when R3 of the Camarilla Equation is mixed within the central pivot range, therefore we should look for sells in that zone.
A bullish GPZ occurs when S3 of the Camarilla Equation is mixed within the central pivot range, therefore we should look for buys in that zone.
Here are some examples on Gold
Good luck !
Ps* i got part of the code from @cristian.d script
swing tradeTHIS strategy is based on the
franklin ochao swing trade book
confirmed bullish - when ever stock closed above R2 (more bullish)
when ever stock closed between R1 AND R2 (moderatly bullish or consolidation phase with respect to previous trend)
entry1 for more bullish trend is buy at every dips means when ever price low below pivot when it open above the pivot
entry2 for more bullish trend is buy at low is below s1
keep strictly stoploss at s1 of previous day (r2 close day)
trend reversal is possible once stock close below s1 in 1hr time frame
virgin cpr or missed pivot is added a advantage
For bearish mode this vice verse
Pivot CPR by AnandI have included the following in this script which we can include all five in a single indicator.
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1) PIVOT POINTS
2) CAMARILLA PIVOTS
3) Opening Price
4) Previous Day High
5) Previous Day Low
You can SHOW (or) HIDE any one in the list !
Thanks,
Anand J.
Golden Pivot1. Golden Pivot indicator combines Central Pivot Range and Camarilla Pivots.
2. Pivot calculations are based on Secret of Pivot Boss book by Frank Ochoa.
3. One can also view tomorrow's pivots by today EOD.
The Golden PivotsThe Golden Pivots indicator is a combination of the following:
1. Central Pivot Range
2. Floor Pivots
3. Camarilla Pivots
4. Monthly, Weekly, Daily Highs and lows
5. Candlestick Setups
All the pivot calculations are based on Secret of Pivot Boss book by Frank Ochoa.
One can also view tomorrow's central pivot range by today end of the day.
5PRBThis script will plot the support and resistance levels calculated based on previous five days OHL data. Apart from the resistance and support levels, this script also plots the pivots for BUY and SELL trigger points.
Quadruple Moving Averages Plus Smoothed Moving AveragePrincipal moving averages and an approximation the institutional (smoothed) moving average.
SD - Developing Central Pivot RangeThis script implements a developing version of Central Pivot Range.
Inputs:
Developing 'CPR' resolution - Either D (Daily), W (Weekly), M (Monthly) or 12M (Yearly). The default value is M.