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...
🔵 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 🟣 Floor Pivot Points Floor pivot points are widely used in...
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...
Pivot points are a popular technical analysis tool used by traders to identify potential levels of support and resistance in a given timeframe. Pivot points are derived from previous price action and are used to estimate potential price levels where an asset may experience a reversal, breakout, or significant price movement. The calculation of pivot points...
This script is a modification from the awesome "Support Resistance - Dynamic v2" by @LonesomeTheBlue This script is very similar to the original indicator mentioned above, but with a modification that, in my opinion, would be very useful for many traders. It enables the option to choose different timeframe to calculate the S/R levels. Very often, traders would...
A trading range which is formed during the first three trading day of any month sets an important "Month Opening Range". The lowest price made during the first three trading days can be considered the Monthly Support level (see the green line drawn by the indicator). The highest price made during the first three trading days can be considered the Monthly...
Hello Traders, I would like to introduce you pivot semaphore mtf support&resistance levels. The idea is the same as my other S/R scripts to have a look at the important levels. The Semaphore is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones. The script is based on amazing work of @LucF so...
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 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 How To Use:- Pivot points often provide Support and...
This script uses the standard pivot-high/pivot-low built-in methods to identify pivot points on the chart as a base calculation for the zones. Rather than displaying basic lines, it displays a zone from the original pivot point to the closest part of the available body on the same candle. The script comes in handy by utilizing Pinescripts available input.source()...
Indicator showing resistances and support, based on pivots location When a new pivot location is near from a resistance/support the latter gains weight. You can modify multiple parameters : Nb Max res/sup : Define the number max res/sup to keep in our res/sup history array. The greater it is the older bar index will be taken. Nb show res/sup : Define...
Hello All, There are built-in and published Pivot Point High Low indicators in Public Library but as far as I see none of them is for Higher Time frames. so I decided to write & publish this script. I hope it would be useful while trading or developing your own scripts. I also did this to use in one of my future projects (we will see it in a few weeks/months ;)...
BINANCE:BTCUSDT This indicator is an opensource merge of the built in 'Pivot Points High Low' and the most popular 'Swing-high-low-support-resistance' indicators. The original 'Pivot Points High Low' does not have extensions with better visibility, while the most popular 'Swing-high-low-support-resistance' has no source available. I've also added additional...
Here signals are based on the pivot high and pivot lows. Factors taken into account in understanding the breakout or breakdown are: volume candle bar is not opening candle must be near pivot high or low Recommendation: Use once candle closes else you might get trapped in certain cases so be careful
Hello All, This script gets OHLC values from any security and Higher/Same time frame you set, then creates the chart including last 10 candles. it shows Symbol name, Time Frame, Highest/Lowest level of last 10 candles and Close Price at the right side of the chart as well. Closing price text color changes by the real-time candle of the related symbol and time...
Hello All, In Elliott Wave Theory, 3rd wave is not the shortest one in the waves 1/3/5 and it's usually longest one. so if we can catch it then we may get good opportunities to trade. This script finds 3rd wave experimentally. it can be also the 3rd waves in the waves 1, 3, 5, A and C. the 3rd wave should have greater volume than other waves, the script can...
Library "CreateAndShowZigzag" Functions in this library creates/updates zigzag array and shows the zigzag getZigzag(zigzag, prd, max_array_size) calculates zigzag using period Parameters: zigzag : is the float array for the zigzag (should be defined like "var zigzag = array.new_float(0)"). each zigzag points contains 2 element: 1. price level of the zz...
Hello All, This script creates Zigzag Chart by using Zigzag waves, so it's timeless chart meaning that no time dependency on X-axis. Optionally it can calculate & show Zigzag Supertrend or Simple Moving Average. Also it can change bar colors of the main chart by trend direction of Zigzag Supertrend. As seen below, each zigzag wave is a candle on Zigzag...
We recommend some preconditions for Intraday Trading Strategy with CPR (Central Pivot Range) Rules For BUY Setup with CPR 1) Today's Pivot Level Should be higher than Previous Day's Pivot Level 2) The previous day's close should be near day's high. Rules For SELL Setup with CPR 1) Today's Pivot Level Should be lower than Previous Day's Pivot Level 2) The...