Shows Pivot Highs & Lows defined or 'Graded' on a fractal basis: Short-term, medium-term and long-term. Also applies 'Spikeyness' condition by default to filter-out weak/rounded pivots ES1! 4hr chart (CME) shown above, with lookback = 15; clearly identifying the major highs & lows on the basis of how they are fractally 'nested' within lesser Pivots. -- in the...
The three-day rolling pivot is another pivot concept, which may be used by intermediate positions, for several days or even weeks. It can be utilized in many ways, such as to determine an entry point or trailing stop. As the name suggests, this pivot is based on the last three days. I learned this concept of the book "The logical Trader" by Mark Fisher. Kudos...
Multi-Timeframe High Low Levels (@JP7FX) This Price Action indicator displays high and low levels from a selected timeframe on your current chart. These levels COULD represent areas of potential liquidity, providing key price points where traders can target entries, reversals, or continuation trades. Key Features: Display high and low levels from a...
Which trader does not know pivots? There are a lot of varieties of pivots indicators of which some are a default on most trading platforms. So what better way to challenge yourself then to create your own kind of pivots. Let's welcome the idea of Fractal Pivots. Williams Fractal or fractals is a technical analysis indicator introduced by the famous trader Bill...
This indicator is based on ADX and uses a method based on pivot points to identify a possible trend reversal or trend continuation. To better understand how to use this indicator, follow these instructions: Check which type of line ADX is below/above. If the ADX line is above the green line and has changed color, you can expect a possible trend change....
🧾 Pivot Trendlines and Breaks A script meant to debut and provide an example usage of the Simple Trendlines library using Pine Script's built-in pivot system. In under 50 lines of code, with inputs, plots, styling, and alerts included we're able to create trendlines with a breakout system. ▶️ How it works Calculating pivot points helps traders identify...
================== Read This First Before Use This Strategy ============== *********** Please be aware that this strategy is not a guarantee of success and may lead to losses. *********** Trading involves risk and you should always do your own research before making any decisions. ================= Thanks Source Script and Explain This Strategy...
This is an overlay indicator that finds and identifies pivots. It is very sensitive so works best on smoother oscillators such as Stoch RSI. Make sure you set the source to your indicator after you overlay it. You will need to adjust the rev high and low inputs in the settings. For example Stoch RSI would have a revhigh = 80 and revlow = 20. This script is not...
This measures the pivot of your source. the peaks and valleys. and, shows ou some neat statistics if you were to use those as your entry/exit points. I consider it a purist MA designers Acid Test. if you can get good numbers on this, (remember to deduct fees), you probably should feel confident in your indicator's quality. it isn't very forgiving. 170...
This is an open-source Pine script that generates a Supertrend Zone Pivot Point with Zigzag Fib indicator for TradingView. The indicator displays the Supertrend Zone, pivot points, and Fibonacci levels on the chart. One of the unique features of this indicator is that it uses a Zigzag that does not repaint, ensuring accurate high and low points for the pivot...
A pivot-based breakout indicator that attempts to provide traders with a visual aid for finding breakouts on the RSI. Similar to how we use trendlines on our charts, using them on the Relative Strength Index can also give us a sense of direction in the markets. This script uses its own pivot-based system that checks for real-time swing levels and triggers a new...
General Description and Unique Features of this Script Introducing the ultimate trend-following (long-only) strategy that offers a unique feature you won't find anywhere else! 1. Our script/strategy utilizes Mark Minervini's Trend-Template as a qualifier for identifying stocks and other financial securities in confirmed uptrends. Mark Minervini, a 3x US...
Script that shows buy and sell signals for multiple indicators and divergences when there's a pivot in the price chart. The defaults are from my own laboration and don't hesitate to share your settings! Best of trading luck!
Broadening Formation is a powerful technical analysis tool that is characterized by two converging trendlines that widen over time. This pattern typically signals a period of volatility and uncertainty in the market and can indicate a potential reversal in trend direction. This script uses advanced algorithms to automatically detect and plot broadening...
Japanese below / 日本語説明は英文の後にあります。 ------------------------- This indicator that displays High/Low lines for each session. The Key Levels of each session can be visually recognized, which is useful for PD Array analysis. You can display the last 3 days. Based on trinity by ICT. The biggest feature is that the color shape of the line changes when reaching High/Low....
Still in development, this indicator automatically draws unlimited Fibonacci Retracements so you don't have to keep manually drawing them. Upwards moves are colored green by default and downward moves are colored red by default, idea being an upward move creates a green retracement level that may be an area to buy and vice versa for short moves. The retracements...
This script is tailored towards experienced traders who prefer to view raw price charts during live execution. It searches for a three-bar pattern of what is colloquially called "fair value gap", or "imbalance" and uses a single line to plot the results. The goal is to display price in a way that is as simple as possible so that chart readers who don't prefer to...
This script is for a combination of two indicators: an Opening Range Breakout (ORB) indicator and a daily/weekly high/low pivot indicator. The ORB indicator displays the opening range (the high and low of the first X minutes of the trading day, where X is a user-defined parameter) as two lines on the chart. If the price closes above the ORB high, the script...