Dynamic Pivot Point [MarkitTick]Title: Dynamic Pivot Point MarkitTick
Concept
Unlike traditional Pivot Points, which plot static horizontal levels based on the previous period's High, Low, and Close, this script introduces a dynamic element by applying an Exponential Moving Average (EMA) to the calculated pivot levels. This approach allows the Support and Resistance zones to adapt more fluidly to recent price action, reducing the jagged steps often seen in standard multi-timeframe pivot indicators.
How It Works
The script operates in two distinct phases of calculation:
1. Data Extraction and Core Math:
The indicator first requests the High, Low, and Close data from a user-defined timeframe (e.g., Daily, Weekly). Using this data, it calculates the standard Pivot Point (P) alongside three levels of Support (S1, S2, S3) and three levels of Resistance (R1, R2, R3) using standard geometric formulas:
Pivot = (High + Low + Close) / 3
R1 = 2 * Pivot - Low
S1 = 2 * Pivot - High
(Subsequent levels follow standard Floor Pivot logic).
2. Dynamic Smoothing:
Instead of plotting these raw values directly, the script processes each calculated level (P, S1-S3, R1-R3) through an Exponential Moving Average (EMA). The length of this EMA is controlled by the Pivot Length input. This smoothing process filters out minor volatility and creates curved, dynamic trajectories for the pivot levels rather than static straight lines.
How to Use
Traders can use this tool to identify dynamic areas of interest where price may react.
The White Line represents the Central Pivot. Price action relative to this line helps determine the immediate bias (above for bullish, below for bearish).
Green Lines (Support 1, 2, 3) indicate potential demand zones where price may bounce during a downtrend.
Red Lines (Resistance 1, 2, 3) indicate potential supply zones where price may reject during an uptrend.
Because the levels are smoothed, they can also act as dynamic trend followers, similar to moving averages, but derived from pivot geometry.
Settings
Show Pivot Points: Toggles the visibility of the plot lines on the chart.
Pivot Length: Defines the lookback period for the EMA smoothing applied to the pivot levels. A higher number results in smoother, slower-reacting lines.
Timeframe: Determines the timeframe used for the underlying High/Low/Close data (e.g., selecting "D" calculates pivots based on Daily data while viewing a lower timeframe chart).
Disclaimer This tool is for educational and technical analysis purposes only. Breakouts can fail (fake-outs), and past geometric patterns do not guarantee future price action. Always manage risk and use this tool in conjunction with other forms of analysis. Indicator
Pivot Points. High & Lows By Reversal PercentageLibrary "Pivot Points. High & Lows By Reversal Percentage" by Jal9000
This Pine Script library provides a robust function for identifying and tracking pivot points (reversal points) in price data, suitable for integration into custom trading indicators and strategies.
🛠️ Main Features:
- ✅ Identifies pivot highs and lows based on configurable price movement thresholds.
- ✅ Lightweight. No candle backtracing used. Much less computation heavy.
- ✅ Supports multiple calls (with different values) within a single script.
- ✅ Compatible with request.security for multi-timeframe analysis.
- ✅ Returns both confirmed and temporary pivots for flexible integration.
- ✅ Pinescript V5 and V6 compliant code.
Purpose:
The pivots library enables Pine Script developers to easily add pivot point detection to their scripts. It identifies significant price reversals by evaluating price movements against a minimum range threshold ( min_range_pct ) and confirming reversals based on a percentage ( reversal_pct ) of the prior trend’s magnitude. The library supports multiple simultaneous calls with different settings, making it ideal for multi-timeframe strategies.
How It Works:
The library’s f_calculatePivot function tracks price movements to detect pivot points:
Minimum Range Threshold : A potential pivot is considered if the price moves beyond the min_range_pct percentage of the current high (for a high pivot) or low (for a low pivot), ensuring sufficient movement.
Reversal Confirmation : A pivot is confirmed if the price reverses from the potential pivot by at least the reversal_pct percentage of the distance between the last confirmed pivot and the current potential pivot, measuring the retracement relative to the prior trend’s magnitude.
The function alternates between tracking highs (in an uptrend) and lows (in a downtrend), updating the trend when a pivot is confirmed.
State management uses an array of pivot_state objects, allowing independent calculations for different timeframes and min_range_pct values within the same script.
## Technical Reference
Functions:
f_calculatePivot(series float _high, series float _low, float _min_range_pct, float _reversal_pct) →
- Parameters:
_high : The high price series (e.g., high or math.max(open, close) ).
_low : The low price series (e.g., low or math.min(open, close) ).
_min_range_pct : The minimum percentage price movement to consider a potential pivot.
_reversal_pct : The percentage of the prior trend’s distance required to confirm a pivot.
- Returns:
A tuple containing:
isNewPivot : Boolean indicating if a new pivot was confirmed.
last_confirmed_pivot : The most recent confirmed pivot (type pivot ).
temp_pivot : The current temporary pivot (type pivot ).
Pivot type:
idx (series int) : Bar index of the pivot.
typ (series int) : Type of pivot ( PIVOT_HIGH or PIVOT_LOW ).
prc (series float) : Price of the pivot.
tme (series int) : Timestamp of the pivot.
Constants (internal):
TREND_LONG , TREND_SHORT : Trend direction indicators (1, -1).
PIVOT_HIGH , PIVOT_LOW : Pivot type indicators (1, -1).
✨ Example of Use:
//@version=5
indicator("Pivot Example", overlay=true)
import jal9000/pivots/1 as pivots
// Inputs
min_range_pct = input.float(20.0, 'Min Range %')
reversal_pct = input.float(30.0, 'Reversal %')
ignore_wick = input.bool(true, 'Ignore wick')
h = ignore_wick ? math.max(open, close) : high
l = ignore_wick ? math.min(open, close) : low
// Call the function with high, low, and input parameters
= pivots.f_calculatePivot(h, l, min_range_pct, reversal_pct)
// Variable to store previous confirmed pivot outside the function
var pivots.pivot prev_confirmed_pivot = na
// Draw the line if a new pivot is confirmed and previous pivot exists
if is_new_pivot
if not na(prev_confirmed_pivot) and not na(new_confirmed_pivot)
line.new(x1 = prev_confirmed_pivot.idx, y1 = prev_confirmed_pivot.prc, x2 = new_confirmed_pivot.idx, y2 = new_confirmed_pivot.prc, color = color.blue, width = 1)
prev_confirmed_pivot := new_confirmed_pivot
## Release Notes
v1
- Initial release of the pivots library with f_calculatePivot function for detecting pivot points and supporting multiple configurations and timeframes.
v2
- Code is Pinescript V6 ready. Remains identified as V5, but changing the version number is the only thing that is required to be v6. Library
Configurable Level Trading StrategyThe Dynamic Level Reversal Strategy is a trading approach designed to capitalize on price movements between key support and resistance levels. This strategy leverages configurable levels the trader determines, allowing for flexibility and adaptation to different market conditions.
Key Features:
Configurable Levels:
The strategy uses three key levels: Level 1 (Support), Level 2 (Middle), and Level 3 (Resistance). These levels can be adjusted directly within the script settings, making the strategy adaptable to various trading scenarios.
Buy and Sell Signals:
A buy signal is triggered when the price touches Level 1 and shows signs of reversal. The trader enters a position and sets an initial stop-loss just below Level 1.
As the price moves upward, the stop-loss is dynamically adjusted to just below Level 2 and Level 3, locking in profits while managing risk.
A sell signal is generated if the price reverses and crosses below the current stop-loss level, ensuring the trader exits the position with minimized losses.
Iterative Process:
The strategy allows for iterative trades, where the trader re-enters positions at Level 1 or Level 2 if the price revisits these levels, continually adjusting stop-losses and take-profit targets as the price oscillates between the defined levels.
Ideal Use Cases:
Range-Bound Markets: The strategy is particularly effective in markets where the price tends to oscillate between well-defined support and resistance levels.
Volatile Markets: The dynamic adjustment of stop-loss levels helps protect against sudden price reversals, making it suitable for volatile market conditions.
How to Use:
Set the desired levels (Level 1, Level 2, Level 3) based on your market analysis.
The script will automatically generate buy and sell signals, and adjust stop-loss levels as the price moves through the levels.
Monitor the signals and execute trades according to the strategy's guidelines.
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ACD Indicator [TradingFinder] M Fisher Pivots Methodology Signal🔵 Introduction
The book "The Logical Trader" begins with a comprehensive review of the ACD Methodology principles, which include identifying specific price points related to the opening range.
This method allows you to set reference points for trading and use points "A" and "C" for trade entry. You will also learn about the "Pivot Range" and how to combine them with the ACD method to maximize position size and minimize risk.
In this indicator, the strategy is implemented to make it easier to use.
🔵 How to Use
The "ACD" strategy can be applied to various markets such as stocks, commodities, or forex, providing buy and sell signals that allow you to set your price targets and stop losses.
This strategy is based on the assumption that the opening range of trades is statistically significant each day, meaning the initial market fluctuations influence the market until the end of the day.
The ACD trading strategy is known as a breakout strategy and performs best in volatile or strongly trending markets, such as crude oil and stocks.
Some of the rules for using the ACD strategy include the following :
Consider points A and C as reference points and continuously pay attention to these points during trades. These points serve as entry and exit points for trades.
Examine daily and multi-day pivot ranges to analyze market trends. If the price is above the pivots, the trend is upward, and if below the pivots, the trend is downward.
Trading with the ACD strategy in forex is possible using the ACD indicator. This indicator is a technical tool used to measure the balance between supply and demand in the market. By analyzing trading volume and price, this indicator helps traders identify trend strength and suitable entry and exit points.
To use the ACD indicator, consider the following :
Identifying strong trends: The ACD indicator can help you identify strong and stable trends in the market.
Determining entry and exit points: ACD provides buy and sell signals to enter or exit trades at the best possible time.
Bullish Setup :
When the "A up" line is broken, it is advisable to wait for some time to ensure that this is not a "Fake Breakout" and that the price stabilizes above this line.
After entering the trade, the best stop loss you can choose is below the "A down" line. However, it is recommended to test this in backtests to achieve the best results. The suitable reward-to-risk ratio for this strategy is 1, which should also be backtested.
Bearish Setup :
When the "A down" line is broken, it is advisable to wait for some time to ensure that this is not a "Fake Breakout" and that the price stabilizes below this line.
After entering the trade, the best stop loss you can choose is above the "A up" line. However, it is recommended to test this in backtests to achieve the best results. The suitable reward-to-risk ratio for this strategy is 1, which should also be backtested.
🔵 Setting
NDay Pivot Range Period : Using this entry you can specify the number of days to calculate NDay Pivot Range.
Show Daily Pivot Range : Set the Daily Pivot color and displayed or not.
Show NDay Pivot Range : Set the NDay Pivot color and displayed or not.
ATR Period Levels : Determining the period of the ATR indicator, which is used to determine the A and C levels.
Show Tokyo ACD Setup : Set the Tokyo ACD Setup color and displayed or not.
Tokyo Opening Range Time : The amount of time taken to determine the opening range. You can set this number between 5 and 60 minutes.
Tokyo Session : Market start and end time.
A Level Multiplier : The coefficient that is multiplied by ATR to determine the distance of line A up and A down.
C Level Multiplier : The coefficient that is multiplied by ATR to determine the distance of line C up and C down.
The same settings exist for the London and New York sessions. Indicator
ZigZag Multi [TradingFinder] Trend & Wave Lines - Structures🔵 Introduction
"Zigzag" is an indicator that forms based on price changes. Essentially, the function of this indicator is to connect consecutive and alternating High and Low pivots. This pattern assists in analyzing price changes and can also be used to identify classic patterns. "Zigzag" is an analytical tool that, by filtering partial price movements based on the specified period, can identify price waves across different time frames (short or long term).
🔵 Reason for Creation
The combination of "short term zigzag" and "long term zigzag" enhances accuracy and reduces analysis time. In a time frame, "long term zigzag" represents the main trend, while "short term zigzag" depicts short-term waves.
🔵 How to Use
After selecting the desired time frame and adding "zigzag" to the chart, begin utilization. Keep in mind to identify the main market trend from "long term zigzag" and the minor waves from "short term zigzag".
🟣 Important: Additionally, classic patterns such as HH, LH, LL, and HL can be recognized. All traders analyzing financial markets using classic patterns and Elliot Waves can benefit from the "zigzag" indicator to facilitate their analysis.
🔵 Settings
Short term zigzag : In this section, you can adjust settings such as time frame range, display mode, color, and line width of the zigzag lines.
Short term label : This section allows you to activate or deactivate the display of zigzag labels according to your needs. You can also customize their color and size.
Long term zigzag : Here, you can adjust settings for time frame range, display mode, color, and line width of zigzag lines.
Long term label : Similar to short term label settings.
The recommended time frame for "long term zigzag" is between 9 to 15, and for "short term zigzag" is between 3 to 5.
🟣 Important Notes :
Considering the different behaviors of financial markets and various time frames, it is recommended to experiment with different time frame settings when using "zigzag" to find the best settings for each symbol and time frame, thereby preventing potential errors.
🟣 Terminology Explanations :
"HH": When the price is higher than the previous peak (Higher High).
"HL": When the price is higher than the previous low (Higher Low).
"LH": When the price is lower than the previous peak (Lower High).
"LL": When the price is lower than the previous low (Lower Low).
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Pivot Target (5m Futures)I am new to both Futures Trading and Pivots. Looking for shorter-term profitable opportunities, I have investigated the use of pivots from a higher timeframe. All the work of this script is performed using two lines. It calculates the pivot from the previous 2-hour bar and draws this pivot line on the 5-minute timeframe. Many many times, the price will reach back to this pivot point - sometimes fairly quickly within the same horizontal pivot line and sometimes farther out (4-hours to 6-hours, or within the next few days). Price tends to reach the level around ninety percent of the time, making for plenty of short-term trading opportunities.
I get the best results when I see the price rise or fall from the pivot, along with a second indicator indicating a possible reversal (my favorite is Divergence for Many Indicators v4 by LonesomeTheBlue . Who knew divergence (both regular and hidden) was so common and useful for finding probable reversals? If I find the price above or below the pivot line with a second signal, I'll place a buy or sell within that same 2-hour window the price tends to return back to the higher timeframe pivot for a nice profit very quickly. Other times it does take a little longer to return with only a small percentage of time not returning within a reasonable amount of time, or very unusually, not at all. The image above shows a number of profitable trading opportunities using a combination of the Pivot Target and LonesomeTheBlue's Divergence for Many Indicators v4. You can further limit risk by only taking trades that are in the same direction of the overall trend, possibly confirmed on a higher timeframe.
This script will only be visible on the 5-minute timeframe the way it is written right now. I wouldn't suggest shorter or longer timeframes unless some editing is done by you. It doesn't seem to work as well with stocks, but is best on Futures due to the wave-like natures of the futures market. Trade safe, trade with the trend, use stops and limits appropriately and stay safe. Indicator
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QuantNomad - Ultimate Pivot Points AlertsCreated a universal script for pivot points alerts.
In the script, you can choose one of 4 pivot point types: Traditional, Fibonacci, Woodie, and Camarilla.
You are able to create separate alerts for every level or create one for price crossing any level.
For separate levels, you can choose: "Cross", "Crossover" and "Crossunder".
You can also choose to show/hide:
Historical Levels
Levels Values
Current Levels - Levels calculated on the current period, on close of the period they will become valid levels for next periods. These levels do not participate in alerts calculations.
Because of some PulseWire limitations, alerts won't be fired for the first bar of the session.
In the script used new v4 plotting features, so will be able to plot levels and labels nicely. Unfortunately, there is a limit on the number of consecutive lines you can plot on the plot (around 50), so historical lines in the past will disappear after 6-7 periods.
And remember:
Past performance does not guarantee future results. Indicator
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