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Pivot Point CandlesIndicator that highlights Hammer, Inverted Hammer, Engulfing, and Harami candlestick patterns. Great for those looking for a quick way to show the most popular reversal patterns on the charts. Options will allow you to select to show Hammers, Engulfing or Harami patterns only. You choose the combinations that you want. Great tool to learn and training your eyes to the patterns. You also have an option to select "Super" versions of the Engulfing and the Harami patterns, the Supers only shows if the pattern engulfs the body and the wick of the smaller candle in the pattern. The indicator will show Bullish opportunities and Bearish opportunities on the chart for each of the patterns. The inverted hammer will show at the top indicating a Bear move, and the Hammer will show below price indicating a Bullish move. Use this indicator in conjunction with other Support & Resistance such as the simple moving averages, trend lines, flat lines, or even Bollinger bands. When these patterns show at or around these points on the chart they will indicate a reversal is pending. Wait for the next candle as confirmation that the move will actually take place in the direction indicated and you will have your pivot point on the chart and create a higher probability of success. Leverage Stochastic, RSI, or CCI indicators to help confirm the reversal as well. Look out for resistance above or support below to determine your targets for the reversal. Happy trading!
Pine Script® göstergesi
karimka tarafından
2
My VWAP Reversal + Pivot Points StandardThis indicator, with the addition of a standard VWAP indicator to the 5m chart, helps the operator when using a closing candle Price to initiate a VWAP Reversal strategy. The strategy involves Price gapping up, look for a Close below the 1st 5m candle Low; else look for a Close above the 1st 5m candle High. On a break of VWAP, take the trade in the opposite direction of the gap, hence the VWAP Reversal. Not my own strat, credit to T3 Newsbeat, publicly posted on YouTube. The Pivot Points Standard in the Pine 4 user manual, was the base source code, and leaving it here will allow me to remove the PP indicator I was using.
Pine Script® göstergesi
mikeram1971 tarafından
8
Pivot Order Blocks// How it Works \\ Order Blocks based on pivot reversal candle When a pivot High or Pivot Low is found and confirmed, a box will be plotted on the open and close values of that pivot candle // Settings \\ In the settings you have the ability to change the distances required to confirm an pivot High or Low These are the lengths where the script checks to see if it is at its local high or low. You also have the ability to change the amount of candles the box stretches over as well as the colors of the bullish and bearish boxes // Use Case \\ Pivot points often provide Support and Resistance points on their own, one way of marking up order blocks is by taking the pivot candle and marking that up as a resistance area where you could be looking for price to reverse // Suggestions \\ Happy for anyone to make any suggestions on changes which could improve the script, // Terms \\ Feel free to use the script, If you do use the script could you please just tag me as I am interested to see how people are using it. Good Luck!
Pine Script® göstergesi
TradingWolf tarafından
51
Pivot Reversal Strategy - FIGS & DATES 2.0Simple Pivot Reversal Strategy with some adding settings. Date Range: To test over specific market conditions. Initial Capitol: $10K - This is a more realistic representation of funds used this strategy (for me anyway). The default of $100K can give different results (usually better) than when using a smaller balance. Order Size: 100% Equity - These trend following strategies typically used this way, going all in each direction. Commission: .075% - It's always disheartening to think you've found a ridiculously good setting, and then realize you forgot to add the commission. All of these settings can be changed, but it's easier for me (and more fool proof) to have them set as default.
Pine Script® stratejisi
Filthy_McNasty tarafından
9
Adaptive MFT Extremum Pivots [Elysian_Mind]Adaptive MFT Extremum Pivots Overview: The Adaptive MFT Extremum Pivots indicator, developed by Elysian_Mind, is a powerful Pine Script tool that dynamically displays key market levels, including Monthly Highs/Lows, Weekly Extremums, Pivot Points, and dynamic Resistances/Supports. The term "dynamic" emphasizes the adaptive nature of the calculated levels, ensuring they reflect real-time market conditions. I thank Zandalin for the excellent table design. --- Chart Explanation: The table, a visual output of the script, is conveniently positioned in the bottom right corner of the screen, showcasing the indicator's dynamic results. The configuration block, elucidated in the documentation, empowers users to customize the display position. The default placement is at the bottom right, exemplified in the accompanying chart. The deliberate design ensures that the table does not obscure the candlesticks, with traders commonly situating it outside the candle area. However, the flexibility exists to overlay the table onto the candles. Thanks to transparent cells, the underlying chart remains visible even with the table displayed atop. In the initial column of the table, users will find labels for the monthly high and low, accompanied by their respective numerical values. The default precision for these values is set at #.###, yet this can be adjusted within the configuration block to suit markets with varying degrees of volatility. Mirroring this layout, the last column of the table presents the weekly high and low data. This arrangement is part of the upper half of the table. Transitioning to the lower half, users encounter the resistance levels in the first column and the support levels in the last column. At the center of the table, prominently displayed, is the monthly pivot point. For a comprehensive understanding of the calculations governing these values, users can refer to the documentation. Importantly, users retain the freedom to modify these mathematical calculations, with the table seamlessly updating to reflect any adjustments made. Noteworthy is the table's persistence; it continues to display reliably even if users choose to customize the mathematical calculations, providing a consistent and adaptable tool for informed decision-making in trading. This detailed breakdown offers traders a clear guide to interpreting the information presented by the table, ensuring optimal use and understanding of the Adaptive MFT Extremum Pivots indicator. --- Usage: Table Layout: The table is a crucial component of this indicator, providing a structured representation of various market levels. Color-coded cells enhance readability, with blue indicating key levels and a semi-transparent background to maintain chart visibility. 1. Utilizing a Table for Enhanced Visibility: In presenting this wealth of information, the indicator employs a table format beneath the chart. The use of a table is deliberate and offers several advantages: 2. Structured Organization: The table organizes the diverse data into a structured format, enhancing clarity and making it easier for traders to locate specific information. 3. Concise Presentation: A table allows for the concise presentation of multiple data points without cluttering the main chart. Traders can quickly reference key levels without distraction. 4. Dynamic Visibility: As the market dynamically evolves, the table seamlessly updates in real-time, ensuring that the most relevant information is readily visible without obstructing the candlestick chart. 5. Color Coding for Readability: Color-coded cells in the table not only add visual appeal but also serve a functional purpose by improving readability. Key levels are easily distinguishable, contributing to efficient analysis. Data Values: Numerical values for each level are displayed in their respective cells, with precision defined by the iPrecision configuration parameter. Configuration: // User configuration: You can modify this part without code understanding // Table location configuration // Position: Table const string iPosition = position.bottom_right // Width: Table borders const int iBorderWidth = 1 // Color configuration // Color: Borders const color iBorderColor = color.new(color.white, 75) // Color: Table background const color iTableColor = color.new(#2B2A29, 25) // Color: Title cell background const color iTitleCellColor = color.new(#171F54, 0) // Color: Characters const color iCharColor = color.white // Color: Data cell background const color iDataCellColor = color.new(#25456E, 0) // Precision: Numerical data const int iPrecision = 3 // End of configuration The code includes a configuration block where users can customize the following parameters: Precision of Numerical Table Data (iPrecision): // Precision: Numerical data const int iPrecision = 3 This parameter (iPrecision) sets the precision of the numerical values displayed in the table. The default value is 3, displaying numbers in #.### format. Position of the Table (iPosition): // Position: Table const string iPosition = position.bottom_right This parameter (iPosition) sets the position of the table on the chart. The default is position.bottom_right. Color preferences Table borders (iBorderColor): // Color: Borders const color iBorderColor = color.new(color.white, 75) This parameters (iBorderColor) sets the color of the borders everywhere within the window. Table Background (iTableColor): // Color: Table background const color iTableColor = color.new(#2B2A29, 25) This is the background color of the table. If you've got cells without custom background color, this color will be their background. Title Cell Background (iTitleCellColor): // Color: Title cell background const color iTitleCellColor = color.new(#171F54, 0) This is the background color the title cells. You can set the background of data cells and text color elsewhere. Text (iCharColor): // Color: Characters const color iCharColor = color.white This is the color of the text - titles and data - within the table window. If you change any of the background colors, you might want to change this parameter to ensure visibility. Data Cell Background: (iDataCellColor): // Color: Data cell background const color iDataCellColor = color.new(#25456E, 0) The data cells have a background color to differ from title cells. You can configure this is a different parameter (iDataColor). You might even set the same color for data as for the titles if you will. --- Mathematical Background: Monthly and Weekly Extremums: The indicator calculates the High (H) and Low (L) of the previous month and week, ensuring accurate representation of these key levels. Standard Monthly Pivot Point: The standard pivot point is determined based on the previous month's data using the formula: PivotPoint = (PrevMonthHigh + PrevMonthLow + Close ) / 3 Monthly Pivot Points (R1, R2, R3, S1, S2, S3): Additional pivot points are calculated for Resistances (R) and Supports (S) using the monthly data: R1 = 2 * PivotPoint - PrevMonthLow S1 = 2 * PivotPoint - PrevMonthHigh R2 = PivotPoint + (PrevMonthHigh - PrevMonthLow) S2 = PivotPoint - (PrevMonthHigh - PrevMonthLow) R3 = PrevMonthHigh + 2 * (PivotPoint - PrevMonthLow) S3 = PrevMonthLow - 2 * (PrevMonthHigh - PivotPoint) --- Code Explanation and Interpretation: The table displayed beneath the chart provides the following information: Monthly Extremums: (H) High of the previous month (L) Low of the previous month // Function to get the high and low of the previous month getPrevMonthHighLow() => var float prevMonthHigh = na var float prevMonthLow = na monthChanged = month(time) != month(time ) if (monthChanged) prevMonthHigh := high prevMonthLow := low Weekly Extremums: (H) High of the previous week (L) Low of the previous week // Function to get the high and low of the previous week getPrevWeekHighLow() => var float prevWeekHigh = na var float prevWeekLow = na weekChanged = weekofyear(time) != weekofyear(time ) if (weekChanged) prevWeekHigh := high prevWeekLow := low Monthly Pivots: Pivot: Standard pivot point based on the previous month's data // Function to calculate the standard pivot point based on the previous month's data getStandardPivotPoint() => = getPrevMonthHighLow() pivotPoint = (prevMonthHigh + prevMonthLow + close ) / 3 Resistances: R3, R2, R1: Monthly resistance levels // Function to calculate additional pivot points based on the monthly data getMonthlyPivotPoints() => = getPrevMonthHighLow() pivotPoint = (prevMonthHigh + prevMonthLow + close ) / 3 r1 = (2 * pivotPoint) - prevMonthLow s1 = (2 * pivotPoint) - prevMonthHigh r2 = pivotPoint + (prevMonthHigh - prevMonthLow) s2 = pivotPoint - (prevMonthHigh - prevMonthLow) r3 = prevMonthHigh + 2 * (pivotPoint - prevMonthLow) s3 = prevMonthLow - 2 * (prevMonthHigh - pivotPoint) Initializing and Populating the Table: The myTable variable initializes the table with a blue background, and subsequent table.cell functions populate the table with headers and data. // Initialize the table with adjusted bgcolor var myTable = table.new(position = iPosition, columns = 5, rows = 10, bgcolor = color.new(color.blue, 90), border_width = 1, border_color = color.new(color.blue, 70)) Dynamic Data Population: Data is dynamically populated in the table using the calculated values for Monthly Extremums, Weekly Extremums, Monthly Pivot Points, Resistances, and Supports. // Add rows dynamically with data = getPrevMonthHighLow() = getPrevWeekHighLow() = getMonthlyPivotPoints() --- Conclusion: The Adaptive MFT Extremum Pivots indicator offers traders a detailed and clear representation of critical market levels, empowering them to make informed decisions. However, users should carefully analyze the market and consider their individual risk tolerance before making any trading decisions. The indicator's disclaimer emphasizes that it is not investment advice, and the author and script provider are not responsible for any financial losses incurred. --- Disclaimer: This indicator is not investment advice. Trading decisions should be made based on a careful analysis of the market and individual risk tolerance. The author and script provider are not responsible for any financial losses incurred. Kind regards, Ely
Pine Script® göstergesi
Elysian_Mind tarafından
2
RSI Pivots with Divergence Overlay█ OVERVIEW The RSI Pivots with Divergence Overlay indicator is an advanced tool based on RSI, displaying dynamic bands on the price chart to simplify the identification of overbought and oversold conditions. Pivot points and divergences between them are derived from these bands, providing a comprehensive view of the market and enabling the creation of various trading strategies based on this single indicator. █ CONCEPTS Areas where RSI exits the bands are often reversal points in the market. The concept of this indicator is to highlight places where the probability of a trend reversal increases. Therefore, pivots and divergences have been added to better identify these key moments. Additionally, the bands allow viewing the market context in relation to the RSI indicator, facilitating analysis of momentum and volatility. █ KEY FEATURES Dynamic Bands and RSI Signals: The bands are calculated based on the closing price and RSI value, with dynamic scaling adjusted to market volatility. The upper band corresponds to overbought levels, the lower to oversold, and the midline is their average. The price level relative to the bands serves as a visual RSI signal, indicating potential overbought or oversold conditions. Pivot Points: The indicator identifies local price highs and lows in relation to RSI levels. The pivot level is taken from the high/low of the candle. A high pivot is detected when the high of the candle reaches a local maximum after crossing the upper RSI level (overbought), signaling a potential reversal. A low pivot appears after a local price minimum following a drop below the lower RSI level (oversold), indicating a possible uptrend reversal. The pivot length (default 2 bars) defines the search range for these extremes, meaning that with a length of 2, a potential divergence signal will appear with a 2-candle delay, as this is the minimum time required to confirm a local pivot. Pivot lines are drawn on the chart, and labels display the RSI value (from the close of the candle) and price at the detection moment. Pivot lines disappear after the detection of the next low pivot for lower lines and high pivot for upper lines, but unbreached lines or those with high volume may still serve as support or resistance levels. Divergence Detection: The indicator automatically detects divergences to predict trend changes. Bearish divergence occurs when the price forms a higher high pivot, but the RSI (from the close of the candle) is lower than in the previous pivot, indicating weakening upward momentum and a potential bearish reversal. Bullish divergence appears when the price forms a lower low pivot, but the RSI is higher, suggesting building momentum and a possible bullish reversal. Divergences are marked in pivot labels (e.g., "Bear Div" or "Bull Div") and supported by alerts upon detection. Return Signals: The indicator generates buy and sell signals based on RSI (price) returning to the bands after extreme conditions, independently of pivots and divergences. A buy signal is triggered when RSI (price) crosses above the lower level (exiting oversold), suggesting a potential price rise toward the midline or upper band. A sell signal occurs when RSI (price) falls below the upper level (exiting overbought), indicating a possible price drop toward the lower band. Signals are visualized as arrows (up/down triangles) on the chart, with customizable colors. █ CONFIGURATION The indicator offers extensive customization options: RSI Length (rsiLength): Sets the number of periods used to calculate RSI (default 14). RSI Upper Level (rsiUpper): Defines the overbought threshold (default 70). RSI Lower Level (rsiLower): Defines the oversold threshold (default 30). Band Scaling (scale): Determines the scaling multiplier for bands based on market volatility (default 15.0). SMA Length for Candle Midpoint (length): Number of periods for calculating the moving average of candle midpoints (default 200). This parameter is used to smooth price data, enabling more accurate volatility assessment and band width adjustment to market dynamics. Pivot Length (pivotLength): Sets the range (in bars) for detecting local price extremes (default 2). Pivot Label Offset (pivotLabelOffset): Multiplier for the candle range to position pivot labels (default 0.3). Show Bands (showBands): Enables/disables the display of bands on the chart. Show Fill (showFill): Enables/disables the fill between bands and the midline. Show Pivot Lines (showPivotLines): Enables/disables pivot lines on the chart. Show Pivot Labels (showPivotLabels): Enables/disables labels with RSI and price values at pivots. Show Return Signals (showReturnSignals): Enables/disables the display of buy and sell signals. Colors and Style: Customizable colors for bands, fills, pivot lines, labels, and line widths (default 1). █ USAGE The indicator performs best when combined with other technical analysis tools, such as Fibonacci levels, moving averages, or trendlines, to confirm pivot, divergence, and return signals. It enables traders to identify key reversal points, detect hidden trend weaknesses through divergences, and confirm trade entries with return signals. Usage Examples: Price bounces off a previous pivot with high volume – this increases the probability of a trend change or correction. A similar situation when RSI is outside the bands strengthens the signal. If divergence occurs in addition, we have further confirmation. This can be combined with Fibonacci levels to check if Fibo zones overlap with pivot lines – this may increase the chance of a strong price reaction. █ ALERTS The indicator supports alerts for: Buy and sell signals (RSI returning to bands). Detection of bearish and bullish divergences.
Pine Script® göstergesi
Uncle_the_shooter tarafından
[CP]Pivot Boss Multi Timeframe CPR Inception with MACD and EMAINTRODUCTION: This indicator combines multi-timeframe CPR bands with MACD Momentum and EMA trend, all projected on the candlestick chart through a novel visualization. If you have seen my other indicators on TradingView, you would know that I use floor pivots a lot and “Secrets of a Pivot Boss” is my favorite book. While using floor pivots, time and again I have noticed an interesting price behavior, Trending moves in price typically start from around the Central Pivot Range (CPR). The CPR could be from ANY timeframe. These moves can easily be caught using simple momentum and trend indicators like MACD and EMA crossovers. Yes, it is that simple. Follow along to understand how to use this indicator. INDICATOR SETTINGS: RANGEBOUND MACD AND EMA MARKINGS: TradingView limits the max number of labels that can be shown on a chart to 500. Therefore, if you go far back enough, you won't see any markings for the MACD or EMA setups. If you are looking to test the efficacy of this indicator in the past, change the start and end dates to your desired timeframe and then select the ‘Mark MACD and EMA Setups in Range?’ option. MULTI TIMEFRAME CENTRAL PIVOT RANGE: Here you can select CPRs and their bands from which timeframes are shown on the chart. I will share my favorite settings later in this description. CPR CONFIGURATION: Show CPR Labels: CPRs markings can carry labels, so that you don’t confuse between which line is what. Use this setting to toggle them On/Off. Show Next Time Period Pivots: Check this option if you want to see the CPR of the next time period. This is typically done to figure out the ’Two Day CPR Relationship’ . Read the book, “Secrets of a Pivot Boss”, to understand more. EMA TREND: Show EMA on the Chart: EMAs will be plotted on the chart. Standard stuff. Mark EMA Crossovers on Chart: EMA crossovers will be marked on the chart in diamond shapes. If you are using EMA crossovers, I recommend setting this option to True. Rest of the EMA settings are fairly obvious. MACD MOMENTUM: Projecting MACD parameters directly on the candlesticks is surely going to give you a new perspective about price action and MACD. Also, in order to better understand the MACD projections on the chart, you can add a standard MACD indicator on the chart with default settings to figure out what my indicator is actually showing you. Marking MACD Crossovers on Chart: Marks the MACD signal crossovers on the chart. This visualization was a game changer for me. Show MACD Histogram on Chart: Projects the complete MACD Histogram in a novel fashion (Try it!). You will be able to visually see the ebbs and flow of momentum in the charts. Mark MACD Histogram Peaks on Chart: Marks only the MACD peaks instead of the complete histogram. Peaks are a great way to enter an ongoing trend and to play an intraday rangebound market. Rest of the settings are just the standard settings that you will find in a typical MACD indicator. ALERTS: Not shown in the settings panel, but I have added alerts for EMA and MACD Crossovers so that you don’t have to sit in front of the charts or constantly check the price all day long. If you don’t know how to set alerts in TradingView, then please Google it. INDICATOR USAGE EXAMPLES: This indicator can be used in intraday as well as in higher timeframes. There are quite a few variations possible, I personally prefer to use the EMA crossovers in intraday (5m) and MACD on Daily timeframes. This is just a matter of personal preference, some people might prefer using EMAs only or MACD only in all timeframes. Here are my personal settings for the intraday 5-minute timeframe: Turn on all the CPR pivots starting from Yearly all the way to Daily. You can turn on 6 hourly and 4 hourly as well if you want. Hourly CPR is mostly used when the price is in a strong trend and you missed the entry and don’t know when to enter. Price will typically experience pullbacks towards the Hourly CPR, before resuming in the direction of the trend. That is your chance to hop onto the bandwagon. For Intraday, I keep the Bands off. Just a personal preference here. You can turn ON the Show CPR Labels , if you want. Turn ON both the options in the EMA TREND section. You would want to see the EMA crossovers marked on the chart as well as the EMAs themselves, as the distance between the two EMAs will give you an idea about the strength of the trend. Keep rest of the settings in the EMA section as default (you can change the colors if you wish). I keep the same EMAs as the ones kept in the MACD indicator. I like to keep things simple. In the MACD MOMENTUM section, turn ON Mark MACD Histogram Peaks on Chart and all the other options turned OFF. Leave the other settings as default. By the way, these are the default settings of the standard MACD Indicator. You can set up EMA Bullcross and Bearcross alarms if you like. Before checking out the examples, remember one super simple rule: SOME OF THE BEST TRENDING MOVES IN THE MARKET, BE IT INTRADAY OR OTHERWISE, ORIGINATE IN THE VICINITY OF A LARGER TIMEFRAME PIVOT/CPR. Look for price settling above/below a pivot, and then a move away from the pivot in any direction is typically a trending move. You can use hourly pivots or MACD Histogram peaks marked on the chart to enter an existing trend, or add to your positions. Let’s have a look at a few recent intraday examples from the Crypto, Indian, and US equity markets. I have added my comments in the charts to make you easily understand what is going on. Understand that both, moving average crossover and MACD, will give out a lot of signals (chop) every day. But almost 70% of them are going to be fake signals. It is the signals that you get when the price is near a Pivot, that tend to convert into gorgeous trending moves that last. BTC 5m Charts NIFTY Futures 5m Charts (good intraday trends are hard to find here, as the market is very efficient) TSLA 5m Charts Some important points for using this indicator in higher timeframes: For higher timeframes, my personal preference is to go with the MACD indicator. I personally find MACD to be lethal on daily and weekly timeframes, if you know how to use it well. The default settings of the indicator are the settings I use for both, Daily and Weekly, timeframes. Additionally, I turn off the CPR labels. In theory large trending moves still have a big probability to start near an important pivot level, however, in larger timeframes, trending moves can start from anywhere. They need not start in the vicinity of any important pivot (but they often do!). Weekly pivots can act as great pullback levels when the price is in strong momentum, when trading on the daily timeframe. Quarterly Pivots act as great pullback levels when the price is in strong momentum, when trading on the weekly timeframe. BTC Weekly Chart BTC Daily Chart Nifty Weekly Chart Nifty Daily Chart NASDAQ Weekly Chart NASDAQ Daily Chart FINAL WORDS: Please understand that I have Cherry Picked the examples to showcase the capability of the indicator and its usage. DO NOT conflate the accuracy of examples with the accuracy of this indicator. Biggest catch is the fact that this indicator, like every other indicator out there, will have whipsaws. Some I have also marked in the example charts. You need to come up with your own technique to avoid whipsaws, one technique I have shared here…… big moves typically start near pivots. Work on avoiding whipsaws and finding you own edge in the markets. If you really want to learn how to use Pivots, read the book ’Secrets of a Pivot Boss’ . This book can change your life.
Pine Script® göstergesi
pranjalchaubey tarafından
15
Volume Profile + Pivot Levels [ChartPrime]⯁ OVERVIEW Volume Profile + Pivot Levels combines a rolling volume profile with price pivots to surface the most meaningful levels in your selected lookback window. It builds a left-side profile from traded volume, highlights the session’s Point of Control (PoC) , and then filters pivot highs/lows so only those aligned with significant profile volume are promoted to chart levels. Each promoted level extends forward until price retests it—so your chart stays focused on levels that actually matter. ⯁ KEY FEATURES Rolling Volume Profile (Period & Resolution) Calculates a profile over the last Period bars (default 200). The profile is discretized into Volume Profile Resolution bins (default 50) between the highest high and lowest low inside the window. Each bin accumulates traded volume and is drawn as a smooth left-side polyline for compact, lightweight rendering. HL = array.new() // collect highs/lows over 'start' bars to define profile range for i = 0 to start - 1 HL.push(high ), HL.push(low ) H = HL.max(), L = HL.min() bin_size = (H - L) / bins // accumulate per-bin volume for i = 0 to bins - 1 for j = 0 to start - 1 if close >= (L + bin_sizei) - bin_size and close < (L + bin_size*(i+1)) + bin_size Bins += volume Delta-Aware Coloring The script tracks up-minus-down volume across all period to compute a net Delta . The profile, PoC line, and PoC label adopt a teal tone when net positive, and maroon when net negative—an immediate read on buyer/seller dominance inside the window. Point of Control (PoC) + Volume Label Automatically marks the highest-volume bin as the PoC . A horizontal PoC line extends to the last bar, and a label shows the absolute volume at the PoC. Toggle visibility via PoC input. Pivot Detection with Volume Filter Identifies raw pivots using Length (default 10) on both sides of the bar. Each candidate pivot is then validated against the profile: only pivots that land within their bin and meet or exceed the Filter % threshold (percentage of PoC volume) are promoted to chart levels. This removes weak, low-participation pivots. // pivot promotion when volume% >= pivotFilter if abs(mid - p.value) <= bin_size and volPercent >= pivotFilter // draw labeled pivot level line.new(p.index - pivotLength, p.value, p.index + pivotLength, p.value, width = 2) Forward-Extending, Self-Stopping Levels Promoted pivot levels extend forward as dotted rays. As soon as price intersects a level (high/low straddles it), that level stops extending—so your chart doesn’t clutter with stale zones. Concise Level Labels (Volume + %) Each promoted pivot prints a compact label at the pivot bar with its bin’s absolute volume and percentage of PoC volume (ordering flips for highs vs. lows for quick read). Lightweight Visuals The volume profile is rendered as a smooth polyline rather than dozens of boxes, keeping charts responsive even at higher resolutions. ⯁ SETTINGS Volume Profile → Period : Lookback window used to compute the profile (max 500). Volume Profile → Resolution : Number of bins; higher = finer structure. Volume Profile → PoC : Toggle PoC line and volume label. Pivots → Display : Show/hide volume-validated pivot levels. Pivots → Length : Pivot detection left/right bars. Pivots → Filter % 0–100 : Minimum bin strength (as % of PoC) required to promote a pivot level. ⯁ USAGE Read PoC direction/color for a quick net-flow bias within your window. Prioritize promoted pivot levels —they’re backed by meaningful participation. Watch for first retests of promoted levels; the line will stop extending once tested. Adjust Period / Resolution to match your timeframe (scalps → higher resolution, shorter period; swings → lower resolution, longer period). Tighten or loosen Filter % to control how selective the level promotion is. ⯁ WHY IT’S UNIQUE Instead of plotting every pivot or every profile bar, this tool cross-checks pivots against the profile’s internal volume weighting . You only see levels where price structure and liquidity overlap—clean, data-driven levels that self-retire after interaction, so you can focus on what the market actually defends.
Pine Script® göstergesi
ChartPrime tarafından
25
Market Structure & Liquidity: CHoCHs+Nested Pivots+FVGs+Sweeps//Purpose: This indicator combines several tools to help traders track and interpret price action/market structure; It can be divided into 4 parts; 1. CHoCHs, 2. Nested Pivot highs & lows, 3. Grade sweeps, 4. FVGs. This gives the trader a toolkit for determining market structure and shifts in market structure to help determine a bull or bear bias, whether it be short-term, med-term or long-term. This indicator also helps traders in determining liquidity targets: wether they be voids/gaps (FVGS) or old highs/lows+ typical sweep distances. Finally, the incorporation of HTF CHoCH levels printing on your LTF chart helps keep the bigger picture in mind and tells traders at a glance if they're above of below Custom HTF CHoCH up or CHoCH down (these HTF CHoCHs can be anything from Hourly up to Monthly). //Nomenclature: CHoCH = Change of Character STH/STL = short-term high or low MTH/MTL = medium-term high or low LTH/LTL = long-term high or low FVG = Fair value gap CE = consequent encroachement (the midline of a FVG) ~~~ The Four components of this indicator ~~~ 1. CHoCHs: •Best demonstrated in the below charts. This was a method taught to me by @Icecold_crypto. Once a 3 bar fractal pivot gets broken, we count backwards the consecutive higher lows or lower highs, then identify the CHoCH as the opposite end of the candle which ended the consecutive backwards count. This CHoCH (UP or DOWN) then becomes a level to watch, if price passes through it in earnest a trader would consider shifting their bias as market structure is deemed to have shifted. •HTF CHoCHs: Option to print Higher time frame chochs (default on) of user input HTF. This prints only the last UP choch and only the last DOWN choch from the input HTF. Solid line by default so as to distinguish from local/chart-time CHoCHs. Can be any Higher timeframe you like. •Show on table: toggle on show table(above/below) option to show in table cells (top right): is price above the latest HTF UP choch, or is price below HTF DOWN choch (or is it sat between the two, in a state of 'uncertainty'). •Most recent CHoCHs which have not been met by price will extend 10 bars into the future. • USER INPUTS: overall setting: SHOW CHOCHS | Set bars lookback number to limit historical Chochs. Set Live CHoCHs number to control the number of active recent chochs unmet by price. Toggle shrink chochs once hit to declutter chart and minimize old chochs to their origin bars. Set Multi-timeframe color override : to make Color choices auto-set to your preference color for each of 1m, 5m, 15m, H, 4H, D, W, M (where up and down are same color, but 'up' icon for up chochs and down icon for down chochs remain printing as normal) 2. Nested Pivot Highs & Lows; aka 'Pivot Highs & Lows (ST/MT/LT)' •Based on a seperate, longer lookback/lookforward pivot calculation. Identifies Pivot highs and lows with a 'spikeyness' filter (filtering out weak/rounded/unimpressive Pivot highs/lows) •by 'nested' I mean that the pivot highs are graded based on whether a pivot high sits between two lower pivot highs or vice versa. --for example: STH = normal pivot. MTH is pivot high with a lower STH on either side. LTH is a pivot high with a lower MTH on either side. Same applies to pivot lows (STL/MTL/LTL) •This is a useful way to measure the significance of a high or low. Both in terms of how much it might be typically swept by (see later) and what it would imply for HTF bias were we to break through it in earnest (more than just a sweep). • USER INPUTS: overall setting: show pivot highs & lows | Bars lookback (historical pivots to show) | Pivots: lookback/lookforward length (determines the scale of your pivot highs/lows) | toggle on/off Apply 'Spikeyness' filter (filters out smooth/unimpressive pivot highs/lows). Set Spikeyness index (determines the strength of this filter if turned on) | Individually toggle on each of STH, MTH, LTH, STL, MTL, LTL along with their label text type , and size . Toggle on/off line for each of these Pivot highs/lows. | Set label spacer (atr multiples above / below) | set line style and line width 3. Grade Sweeps: •These are directly related to the nested pivots described above. Most assets will have a typical sweep distance. I've added some of my expected sweeps for various assets in the indicator tooltips. --i.e. Eur/Usd 10-20-30 pips is a typical 'grade' sweep. S&P HKEX:5 - HKEX:10 is a typical grade sweep. •Each of the ST/MT/LT pivot highs and lows have optional user defined grade sweep boxes which paint above until filled (or user option for historical filled boxes to remain). •Numbers entered into sweep input boxes are auto converted into appropriate units (i.e. pips for FX, $ or 'handles' for indices, $ for Crypto. Very low $ units can be input for low unit value crypto altcoins. • USER INPUTS: overall setting: Show sweep boxes | individually select colors of each of STH, MTH, LTH, STL, MTL, LTL sweep boxes. | Set Grade sweep ($/pips) number for each of ST, MT, LT. This auto converts between pips and $ (i.e. FX vs Indices/Crypto). Can be a float as small or large as you like ($0.000001 to HKEX:1000 ). | Set box text position (horizontal & vertical) and size , and color . | Set Box width (bars) (for non extended/ non-auto-terminating at price boxes). | toggle on/off Extend boxes/lines right . | Toggle on/off Shrink Grade sweeps on fill (they will disappear in realtime when filled/passed through) 4. FVGs: •Fair Value gaps. Represent 'naked' candle bodies where the wicks to either side do not meet, forming a 'gap' of sorts which has a tendency to fill, or at least to fill to midline (CE). •These are ICT concepts. 'UP' FVGS are known as BISIs (Buyside imbalance, sellside inefficiency); 'DOWN' FVGs are known as SIBIs (Sellside imbalance, buyside inefficiency). • USER INPUTS: overall setting: show FVGs | Bars lookback (history). | Choose to display: 'UP' FVGs (BISI) and/or 'DOWN FVGs (SIBI) . Choose to display the midline: CE , the color and the line style . Choose threshold: use CE (as opposed to Full Fill) |toggle on/off Shrink FVG on fill (CE hit or Full fill) (declutter chart/see backtesting history) ////••Alerts (general notes & cautionary notes):: •Alerts are optional for most of the levels printed by this indicator. Set them via the three dots on indicator status line. •Due to dynamic repainting of levels, alerts should be used with caution. Best use these alerts either for Higher time frame levels, or when closely monitoring price. --E.g. You may set an alert for down-fill of the latest FVG below; but price will keep marching up; form a newer/higher FVG, and the alert will trigger on THAT FVG being down-filled (not the original) •Available Alerts: -FVG(BISI) cross above threshold(CE or full-fill; user choice). Same with FVG(SIBI). -HTF last CHoCH down, cross below | HTF last CHoCH up, cross above. -last CHoCH down, cross below | last CHoCH up, cross above. -LTH cross above, MTH cross above, STH cross above | LTL cross below, MTL cross below, STL cross below. ////••Formatting (general):: •all table text color is set from the 'Pivot highs & Lows (ST, MT, LT)' section (for those of you who prefer black backgrounds). •User choice of Line-style, line color, line width. Same with Boxes. Icon choice for chochs. Char or label text choices for ST/MT/LT pivot highs & lows. ////••User Inputs (general): •Each of the 4 components of this indicator can be easily toggled on/off independently. •Quite a lot of options and toggle boxes, as described in full above. Please take your time and read through all the tooltips (hover over '!' icon) to get an idea of formatting options. •Several Lookback periods defined in bars to control how much history is shown for each of the 4 components of this indicator. •'Shrink on fill' settings on FVGs and CHoCHs: Basically a way to declutter chart; toggle on/off depending on if you're backtesting or reading live price action. •Table Display: applies to ST/MT/LT pivot highs and to HTF CHoCHs; Toggle table on or off (in part or in full) ////••Credits: •Credit to ICT (Inner Circle Trader) for some of the concepts used in this indicator (FVGS & CEs; Grade sweeps). •Credit to @Icecold_crypto for the specific and novel concept of identifying CHoCHs in a simple, objective and effective manner (as demonstrated in the 1st chart below). CHoCH demo page 1: shifting tweak; arrow diagrams to demonstrate how CHoCHs are defined: CHoCH demo page 2: Simplified view; short lookback history; few CHoCHs, demo of 'latest' choch being extended into the future by 10 bars: USAGE: Bitcoin Hourly using HTF daily CHoCHs: USAGE-2: Cotton Futures (CT1!) 2hr. Painting a rather bullish picture. Above HTF UP CHoCH, Local CHoCHs show bullish order flow, Nice targets above (MTH/LTH + grade sweeps): Full Demo; 5min chart; CHoCHs, Short term pivot highs/lows, grade sweeps, FVGs: Full Demo, Eur/Usd 15m: STH, MTH, LTH grade sweeps, CHoCHs, Usage for finding bias (part A): Full Demo, Eur/Usd 15m: STH, MTH, LTH grade sweeps, CHoCHs, Usage for finding bias, 3hrs later (part B): Realtime Vs Backtesting(A): btc/usd 15m; FVGs and CHoCHs: shrink on fill, once filled they repaint discreetly on their origin bar only. Realtime (Shrink on fill, declutter chart): Realtime Vs Backtesting(B): btc/usd 15m; FVGs and CHoCHs: DON'T shrink on fill; they extend to the point where price crosses them, and fix/paint there. Backtesting (seeing historical behaviour):
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18
Volume-Weighted Pivot BandsThe Volume-Weighted Pivot Bands are meant to be a dynamic, rolling pivot system designed to provide traders with responsive support and resistance levels that adapt to both price volatility and volume participation. Unlike traditional daily pivot levels, this tool recalculates levels bar-by-bar using a rolling window of volume-weighted averages, making it highly relevant for intraday traders, scalpers, swing traders, and algorithmic systems alike. -- What This Indicator Does -- This tool calculates a rolling VWAP-based pivot level, and surrounds that central pivot with up to five upper bands (R1–R5) and five lower bands (S1–S5). These act as dynamic zones of potential resistance (R) and support (S), adapting in real time to price and volume changes. Rather than relying on static session or daily data, this indicator provides continually evolving levels, offering more relevant levels during sideways action, trending periods, and breakout conditions. -- How the Bands Are Calculated -- Pivot (VWAP Pivot): The core of this system is a rolling Volume-Weighted Average Price, calculated over a user-defined window (default 20 bars). This ensures that each bar’s price impact is weighted by its volume, giving a more accurate view of fair value during the selected lookback. Volume-Weighted Range (VW Range): The highest high and lowest low over the same window are used to calculate the volatility range — this acts as a spread factor. Support & Resistance Bands (S1–S5, R1–R5): The bands are offset above and below the pivot using multiples of the VW Range: R1 = Pivot + (VW Range × multiplier) R2 = R1 + (VW Range × multiplier) R3 = R2 + (VW Range x multiplier) ... S1 = Pivot − (VW Range × multiplier) S2 = S1 − (VW Range × multiplier) S3 = S2 - (VW Range x multiplier) ... You can control the multiplier manually (default is 0.25), to widen or tighten band spacing. Smoothing (Optional): To prevent erratic movements, you can optionally toggle on/off a simple moving average to the pivot line (default length = 20), providing a smoother trend base for the bands. -- How to Use It -- This indicator can be used for: Support and resistance identification: Price often reacts to R1/S1, and the outer bands (R4/R5 or S4/S5) act as overshoot zones or strong reversal areas. Trend context: If price is respecting upper bands (R2–R3), the trend is likely bullish. If price is pressing into S3 or lower, it may indicate sustained selling pressure or a breakdown. Volatility framing: The distance between bands adjusts based on price range over the rolling window. In tighter markets, the bands compress — in volatile moves, they expand. This makes the indicator self-adaptive. Mean reversion trades: A move into R4/R5 or S4/S5 without continuation can be a sign of exhaustion — potential for reversal toward the pivot. Alerting: Built-in alerts are available for crosses of all major bands (R1–R5, S1–S5), enabling trade automation or scalp alerts with ease. -- Visual Features -- Fuchsia Lines: Mark all Resistance (R1–R5) levels. Lime Lines: Mark all Support (S1–S5) levels. Gray Circle Line: Marks the rolling pivot (VWAP-based). -- Customizable Settings -- Rolling Length: Number of bars used to calculate VWAP and VW Range. Multiplier: Controls how wide the bands are spaced. Smooth Pivot: Toggle on/off to smooth the central pivot. Pivot Smoothing Length: Controls how many bars to average when smoothing is enabled. Offset: Visually shift all bands forward/backward in time. -- Why Use This Over Standard Pivots? -- Traditional pivots are based on previous session data and remain fixed. That’s useful for static setups, but may become irrelevant as price action evolves. In contrast: This system updates every bar, adjusting to current price behavior. It includes volume — a key feature missing from most static pivots. It shows multiple bands, giving a full view of compression, breakout potential, or trend exhaustion. -- Who Is This For? -- This tool is ideal for: Day traders & scalpers who need relevant intraday levels. Swing traders looking for evolving areas of confluence. Algorithmic/systematic traders who rely on quantifiable, volume-aware support/resistance. Traders on all assets: works on crypto, stocks, futures, forex — any chart that has volume.
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