Pocket Pivot concepts are well documented on the internet.
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Default Pocket Pivot Off
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Pocket pivot only on green candles
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Updated Pocket Pivot
Changed default color of EMA2
Now, it is possible to only consider volume of down days for seeing positive volume action on current bar. Also, by setting grace% to 0, it is possible to exclude "tight pricing" around the pivot point length.
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Cosmetic changes to mark Pocket Pivots
Colour change, possible to hide the text "Pocket Pivot"
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Version 5
Fixed Timeframe EMA
Convert to version 5 of pine script Fixed Timeframe EMA Possible to add one EMA of a different timeframe than the current selected on the main chart. This helps in scenarios, when one wishes to say place a stop loss of lower timeframe (say daily) when observing the weekly charts and so on.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.