High Low POCGet centre point of highest high and lowest low from defined number of bar .
if POC above sma and price above POC then enter long .
if POC below sma and price below POC then enter short .
Indicator
Pivot Points
Zig Zag Channels [LuxAlgo]The Zig Zag indicator is a useful indicator when it comes to visualizing past underlying trends in the price and can make the process of using drawing tools easier. The indicator consists of a series of lines connecting points where the price deviates more than a specific percentage from a maximum/minimum point ultimately connecting local peaks and troughs.
This indicator by its very nature backpaints by default, meaning that the displayed components are offset in the past.
🔶 USAGE
The Zig Zag indicator is commonly used to returns points of references for the usage of specific drawing tools, such as Fibonacci retracements, fans, squares...etc.
The proposed indicator estimates peaks and troughs by using rolling maximums/minimums with a window size determining their significance. This window size approach allows us to have an indicator that works with a certain regularity no matter the scale of the price, something the percentage-based approach struggles with. Additionally, one upper and lower extremity are displayed, highlighting the price point that deviates the most from the Zig Zag lines.
A common usage also includes the easy determination of Elliot wave patterns in the price.
The Zig Zag indicator above highlights a downtrending motive wave.
🔹 Extremities
The novel approach taken by this Zig Zag indicator is the addition of two extremities derived from the distance between the price and the Zig Zag line, thus returning channels. It is uncommon seeing extremities in Zig Zag indicators since the line connecting peaks and troughs has rarely any other utility than seeing trend variations with more clarity and is not meant to provide an accurate estimate of underlying local trends in the price.
This channel can be useful to study the potential relationship between underlying trends and the Zig Zag line. A low width between the Zig Zag and the upper extremity indicates price variations mostly located below the Zig Zag while equal width indicates more linear trends.
When the indicator is extended to the last line, the extremities provide potential support and resistances, thus making this indicator able to forecast price variations.
🔶 SETTINGS
Length: Determines the significance of the detected peaks and troughs.
Extend To Last Bar: Extend the most recent line to the most recent closing price value.
Show Extremities: Displays the extremities.
Show Labels: Display labels highlighting the high/low prices located at peaks and troughs.
🔹 Style
Upper Extremity Color: Color of the upper extremity displayed by the indicator.
Zig Zag Color: Color of the ZigZag lines.
Lower Extremity Color: Color of the lower extremity displayed by the indicator.
Indicator
Simple PivotsSuper Simple Pivots, based on
and adapted from
Will take a low or high point and compare left and right, if its the lowest or highest respectively, a line is drawn forward until another point meets the criteria
The lookback period will delay the formation of new pivots. In the original two indicators, the pivot lines would stop drawing. I have added a line extension from the most recent pivots forward to indicate whether the current market price exceeds or is within the recent pivot point ranges. If the market price is above or below the high or low pivots respectively, the line will become solid. Otherwise, the pivot extension lines will be dotted.
There is an option to place price labels below the historical pivot points. Default is disabled because it clutters the chart.
Removed all alerts and MA from the original two indicators to improve speed.
Let me know if you have any questions!
gkjch
Indicator
GANN Square Of 9 PivotsGANN Square Of 9 Pivots
How to use for Intraday ?
Method 01 (From 9:05 am to 9:15 am or pre-open market)
Take the Weighted Average Price or Volume Weighted Average Price (VWAP) or Time Weighted Average Price (TWAP) of any stock or index.
You can use TWAP for Index as volume is not available.
Method 02 (From 9:05 am to 9:15 am or pre-open market)
Take the Last Traded Price (LTP) of index or stock
Method 03 (After 9:30 am or after 1st 15 min)
Only take Last Traded Price (LTP) of stock or index
Ideal Time
15min to 1hr after market opens
Indicator Features
Lines
Gray Dashed Line: Calculation Price
Teal Solid Line: Long Above
Red Solid Line: Short Below
3 Teal Dotted Lines: Bullish Targets 1, 2 & 3
3 Red Dotted Lines: Bearish Targets 1, 2 & 3
Labels
1st Numbers: Price
2nd Numbers in (): % change from LTP to that Level
For Index
As VWAP is not available for Index, TWAP (Time Weighted Average Price) values can be used for Index.
Custom Price Inputs
Price of your choice can be given manually by selecting:
Source > Custom
Enter Price > (type the price)
Timeframe
Higher timeframes like Weekly, Monthly can be changed using Timeframe Option
For More Reading
Reading: traderji.com/community/threads/intraday-trading-using-gann-calculator.39185/#post-419677
Calculator: stockmaniacs.net/freebies/free-tools/gann-square-of-9-calculator/
Indicator
Indicator
Ath Atl Fibonacci Pivot Points [xaurr]This script draws fibonacci support and ressistance lines according to all time high and low values.
Indicator
NSDT Trend CandlesThis script changes the color of the candles based on uptrend (green), downtrend (red), neutral/chop (yellow). It uses an ATR and Pivots to determine the direction, or lack of. Since all markets move differently and market volatility changes, you will need to adjust the settings to find a potential match for the day. It's pretty simple to use. Just enter in the direction of the trend and exit (or reverse) when the candle color changes.
Indicator
Trend Key PointsEach trend has its high and low key points that are important in the next prices. Sometimes it's hard to find out the keys with a naked eye, so I tried to code a simple indicator to marking these points also, as a bonus, to draw support and resistance lines from previous critical pivot points.
Let me explain the details with a downtrend. If we consider the previous trend, each downtrend starts with a HH and end with a LL. There are always many tries between that HH and LL to turn the trend up. This indicator counts that inner attempts. The higher the number of attempts, the more important move has been started from the beginning (HH). These numbers take their final form when the trend ends and are included in the label at the beginning of each trend.
Key points with 3 and more inner tries are consider as critical point by default but It's alterable and you can change it as you want. The indicator draws lines from critical points too, so you can use that lines as support and resistance in next candles.
Likewise, there are marks below inner LLs and above inner HHs.
This indicator idea is entirely my own and is a product I've really thought about, AND you have allowed to use and share it anywhere to anyone. I did my best to make it useful, even so I am open to any improvement. If you have an idea or a suggestion, don't forget to leave a comment.
Indicator
FullPac4Trader (I.Denis)The script combines the three most important indicators on the chart.
1. A set of six moving averages ( EMA and SMA ), which can be turned on and adjusted at your discretion.
2. Indication of support and resistance levels, calculated according to the Bollinger scheme.
3. Pivot Point and the nearest goals using the Floor method with the possibility of selecting a time period.
The script version is v.1 (beta)
The development of this script will continue. Feedback and suggestions are welcome.
Indicator
Martyv Auto Fib Retracement with Logarithmic SupportSimple & easy auto-fib levels. Took the out-of-the-box version provided by PulseWire and added Logarithmic support and a nicer palette, and made the controls a bit nicer to use (in my opinion lol). Enjoy.
Indicator
Stronger Classical Support/Resistance + Round LevelsI wrote some Support/Resistance scripts before this. In this new script, I implemented the logic of the code from the scratch, so it's very different from my previous S/R indicators and I think it's more advanced, accurate and efficient.
As the result it could do the followings for now:
- Draw more strong classical resistance/support levels by checking previous direction changes of the chart as far as Pine technically allows
- Colorize the levels based on the counted points of retracement/pullback (The darker the color is, the stronger the level is.)
- Show the number of reactions to each level
- Change the color of each level based on its main role as support, resistance or both
- Draw close round levels to current price for Forex pairs
I suggest all users of my previous S/R indicators to try this one.
Feel free to send me any issue or opinion!
Indicator
Wide BarsSimple scripts show the wide range bars within in the look back period, visualizing the bigger momentum.
Added four exponential moving averages which define the trend of the instrument.
Wide range candles in the direction of overall trend on higher timeframes; give confluence of higher participation in the same direction.
Note : Decent volume above the average volume with wide range candle adds more value.
Indicator
CPR SutradingA simple CPR indicator which plots pivot line, bottom cpr, top cpr, supports , resistances along with previous day high, low and close.
Indicator
EmperorBTC's VWAP StrategyEmperorBTC's VWAP Indicator & Strategy
v2.1
coded by Bogdan Vaida
This indicator was created after EmperorBTC's conditions.
Good timeframes for it: 30', 15', 5'
To convert from strategy to study switch the commented lines in the beginning
and at the end of the script and vice versa.
What this indicator does is to check if:
o Pivot Point was crossed
o Stoch-RSI and VWAP were crossed in current or previous candle
o Candle (or previous candle) close is in the trend direction
If all these are true then it will go long or short based on direction.
Strategy
2 Dimensional Array using one floating point entry This is an attempt to create a two dimensional floating point array from the pine single dimension array.
It enables some useful array functions like sorting, when you are trying to keep track of price and location in time or bars and you would like to sort the array.
Other array functions on this array will not work, like average and other statistical functions - they will provide bad results. I would suggest continuing to use a single dimensional array for each element where that kind of array function is required.
I wrote this simply as a mean of using the sort functions when I had to sort price and try to keep the bar location or time in synch.
Other array functions could be written to manipulate this kind of array, leave that to others. The goal here was to avoid using for loops which would be a performance impact on large arrays.
The basic concept is to create one floating point number from two, put that into an array, and then be able to pull the compound value out and parse out the individual components.
I imagine it could also accommodate a 3 or 4 dimensional array with some work, as long as you had some idea of how many digits are consumed by each element. For example you may be interested in storing price, RSI, x_loc values and then be able to sort and parse them out.
Indicator
Zig Lines with Percent & ValueOverview, Features, and Usage:
The Zig Lines with Percent & Value is an indicator that highlights the highest and lowest points of the market from pivot points and zigzag lines based on the ZigZag Period setting. By a default value of 13 for the ZigZag Period this works well on Bitcoin or other alt coins on the 1 hour or higher timeframe charts.
What makes this indicator unique is that it draws a green line to signify an uptrend or a red line to signify a down trend. It will also show the percent difference between the previous point/line, for example: If you see a -negative percentage point with a red line drawn to it, then you are looking at a low pivot point and then as the green line is drawn to a +positive percentage value the percentage you see is the difference between the two points. This is great to see a trend reversal as you can look at previous pivot points and notice about how far the price moves before it changes direction (trend reversal).
There is an invisible EMA line that is used to assist with coloring the negative vs positive values. The value above or below the percentage is the lowest or highest price at that pivot point . The display of the price at the pivot point depends on your ZigZag Period setting and the timeframe of your chart.
Added Bollinger Bands as it fits perfectly with the visuals of the Zig Lines & Pivots.
Usage of Bollinger Bands:
~As the price or candle gets close to the top or bottom of the Bollinger band it can give you a better confirmation that the pivot location is at it's final place, and the trend is more likely to switch directions.
It’s important to know this indicator should not be used for alerts of any type it does repaint as the green or red line is drawing based on live chart data and it can change depending on the direction of the market. This is a great visual tool for trend analysis or to be used with other indicators as a confirmation for a possible good entry or exit position.
Credits ( and consent to use ):
Credits go to user LonesomeTheBlue for creation of this 'Double Zig Zag with HHLL' script.
The addition of the Value above/below the Percentages is from user Noldo and that script is found here:
The Bollinger Bands setup was suggested by user countseven12 and his script that uses the same BB setup is found here:
References:
1. Chen, James. (2021 March 15). Zig Zag Indicator . Received from http: www.investopedia.com
2. Mitchell, Cory. (2021 April 30). Pivot Points . Received from http: www.investopedia.com
Indicator
Gridimus MaximusGridimus Maximus draws N grid lines stepping by price or percent in chosen direction from set price, or draws N grid lines stepping by pivots.
The queue function method used is adapted from an example provided on the PineCoders website, much gratitude to LucF for this gem!
To prevent grid lines out of range from causing chart to rescale right click on chart's price column and enable Scale Price Chart Only.
Pictured example above is using Type Of Increment: Steps By Pivot, Number Of Steps: 5.
Pictured example below is using Type Of Increment: Steps By Price, Number Of Steps: 6, Starts From Price: $10k, Steps By Percent Or Price: $10k.
Pictured example below is using Type Of Increment: Steps By Percent, Number Of Steps: 7, Starts From Price: $10k, Steps By Percent Or Price: 33%.
NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Indicator
Logging in Pine ScriptI'm building quite a lot of pretty complicated indicators/strategies in Pine Script. Quite often they don't work from the 1 try so I have to debug them heavily.
In Pine Script there are no fancy debuggers so you have to be creative. You can plot values on your screens, check them in the data window, etc.
If you want to display some textual information, you can plot some info as labels on the screen.
It's not the most convenient way, so with the appearance of tables in Pine Script, I decided to implement a custom logger that will allow me to track some useful information about my indicator over time.
Tables work much better for this kind of thing than labels. They're attached to your screen, you can nicely scale them and you can style them much better.
The idea behind it is very simple. I used few arrays to store the message, bar number, timestamp, and type of the message (you can color messages depend on the type for example).
There is a function log_msg that just append new messages to these arrays.
In the end, for the last bar, I create the table and display the last X messages in it.
In parameters, you can show/hide the entire journal, change the number of messages displayed and choose an offset. With offset, you can basically scroll through the history of messages.
Currently, I implemented 3 types of messages, and I color messages according to these types:
Message - gray
Warning - yellow
Error - red
Of course, it's a pretty simple example, you can create a much fancier way of styling your logs.
What do you think about it? Is it useful for you? What do you use to debug code in Pine Script?
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and the script don’t provide any financial advice.
Indicator
NYSE extended session backgroundThis script adds background to the chart to highlight different time areas in any chart.
The time areas are in relation to the open/close time of NYSE , both regular and extended session.
The background colors are the following by default:
NO COLOR : NYSE is open
DARK BLUE : NYSE is closed
LIGHT BLUE : NYSE post market session
ORANGE : NYSE pre market session
In addition, previous day close price line is shown during extended and closed sessions (orange line).
This script is useful to visualize any chart in relation to the NYSE timetable.
Indicator
MTF Trend WidgetThis indicator identifies trends in multiple higher timeframes (D, W, M) and shows them in a widget off to the right of the chart.
It's meant to be used as an alternative filter for "trading with the trend." Typically people use moving averages of varying lengths for this (i.e. if over 200 MA it's an uptrend, etc.), but I wanted to see if it might be more effective to see if the higher timeframes were actually trending or not in a certain direction.
For the purposes of this indicator, an uptrend is defined as higher highs and higher lows. So if currently in a downtrend and the highs are broken, the indicator will flip to an uptrend because now we have a higher high. Vice versa for downtrends.
The user can choose the lookback period for defining these highs/lows (the pivot points). A smaller lookback number will give you more frequent pivot points.
The user can toggle on visibility of all historical pivot points to make sure the frequency and placement of the swing highs/lows is to their liking.
The user can show the support/resistance lines of those most recent swing high/low points on the multiple timeframes as well.
When these lines are breached, that is when the trends change, so you can see if you are close to changing any longer term trends.
My hope is that this gives people a quick glance at the overall trend without having to cycle through different timeframes.
Indicator
CheckmateTrades - Pivots End GameThis indicator is based on the Pivot study. Traders will be able to plot CPR, Standard floor pivots as well as Camarilla Pivots on multiple timeframes.
Why pivots from multiple timeframes are relevant and included in this one indicator?
We can analyse pivots on multiple timeframes for different trading setups. As in, Daily floor pivots are best suited for analysing the market trend for Day trading. Similarly, Weekly and Monthly floor pivots can be analysed for Swing and positional trading entries. Whereas yearly pivot is best suited for trend analysis for investment purpose.
What is the relevance of plotting tomorrow's pivot level in advance?
Pivot are calculated based on the price happened on a previous day. And hence trader can plot tomorrow pivots in advance to shortlist stocks for tomorrow's trading session.
TimeFrames Available to traders are –
1. Daily
2. Weekly
3. Monthly
A) Daily Pivots
Present Day –
1. Trader can plot Daily CPR
2. Trader can plot Daily R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Daily S1, S2, S3 and S4 pivot support levels
4. Trader can plot Daily Camarilla levels
Future Day –
1. Trader can plot Tomorrow CPR
2. Trader can plot Tomorrow R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Tomorrow S1, S2, S3 and S4 pivot support levels
4. Trader can plot Tomorrow Camarilla levels
5. Previous Day High and Low
B) Weekly Pivots
Present Week –
1. Trader can plot Present week CPR
2. Trader can plot Present week R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Present week S1, S2, S3 and S4 pivot support levels
4. Trader can plot Present week Camarilla levels
Next Week –
1. Trader can plot Next week CPR
2. Trader can plot Next week R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Next week S1, S2, S3 and S4 pivot support levels
4. Trader can plot Next week Camarilla levels
5. Previous Week High and Low
C) Monthly Pivots
Present Month –
1. Trader can plot Present Month CPR
2. Trader can plot Present Month R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Present Month S1, S2, S3 and S4 pivot support levels
4. Trader can plot Present Month Camarilla levels
Next Month –
1. Trader can plot Next Month CPR
2. Trader can plot Next Month R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Next Month S1, S2, S3 and S4 pivot support levels
4. Trader can plot Next Month Camarilla levels
5. Previous Month High and Low
Moreover, I have also included SMA (Simple moving averages) study in this indicator. Trader can add 20,50 & 200 SMA on there charts.
Why is it relevant? Trader can get a visual confirmation of an up-trending or an down-trending move by looking at rising or falling 20 & 50 SMA respectively
Usually in an uptrending stocks. 20 & 50 SMA will move in parallel to each other and will rise upwards. Price will tend to trade above the 20 SMA and 20 SMA will continue to act as a support.
Indicator
Pivot boxes [LM]Hello traders,
let me intoduce you pivot boxes. New features of pinescript that allows to render boxes enabled to highlight pivot zone. Range high or low is defined by pivot high or low and rangeLow and RangeHigh are defined by close of following candle.
It has two settings that you can change at your will, it also enables hide/show particular pivot setting
Hope you will enjoy as I enjoyed to write it.
Lukas
Indicator
Example - HTF Step InterpolationAbout this script:
This example aims to highlight an alternative way to view HTF data by providing basic interpolation functionality.
This script does not aim to provide use in itself as an indicator or strategy.
Reason for study:
Educational Purposes Only
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