Top & Bottom Finder XL# Top & Bottom Finder XL
## User's Guide
---
# Overview
**Top & Bottom Finder XL** is a market exhaustion indicator.
Its purpose is **not** to predict every swing high and swing low.
Instead, it attempts to identify **high-probability exhaustion points** where price has become statistically extended and has a greater chance of reversing.
Unlike traditional pivot indicators, this indicator combines several independent filters:
* Structural pivots
* Momentum (RSI)
* Trend extension
* Volume
* Range expansion
Only when the selected filters agree does the indicator produce a **Confirmed Top** or **Confirmed Bottom**.
---
# How the Indicator Works
Every signal goes through the following process:
### Step 1 — Find a Pivot
The indicator first looks for a legitimate swing high or swing low using PulseWire's pivot algorithm.
A pivot is not confirmed until the required number of right bars has completed.
Example:
Left = 100
Right = 5
means:
* current high must be higher than the previous 100 bars
* and remain the highest point for the next 5 bars
Only then is it officially a pivot.
---
### Step 2 — Apply RSI Filter (Optional)
Purpose:
Avoid taking pivots that occur without momentum extremes.
A top requires
RSI ≥ Top Threshold
A bottom requires
RSI ≤ Bottom Threshold
Default:
Top = 65
Bottom = 35
Disabling this filter means RSI is ignored completely.
---
### Step 3 — Apply Trend Extension Filter (Optional)
Purpose:
Avoid taking pivots that are too close to the trend.
The indicator measures:
Distance from EMA
using ATR.
Formula:
Distance =
Price − EMA
divided by ATR
Example
EMA = 100
ATR = 2
Price = 110
Distance =
10 ÷ 2
= 5 ATR
If Minimum ATR Extension = 5
the signal passes.
Otherwise it is rejected.
This filter is extremely effective at removing mediocre signals.
---
### Step 4 — Confirmation Filter
This determines whether the pivot occurred with unusually strong participation.
There are four modes.
## Off
No confirmation required.
Every pivot that passes the other filters becomes confirmed.
Produces the most signals.
---
## Volume Only
The pivot bar must have
Volume >
Average Volume × Multiplier
Default
50-bar average
Multiplier = 2
---
## Range Only
The pivot candle must have
Range >
Average Range × Multiplier
This looks for unusually large candles.
---
## Volume + Range
The strictest mode.
Requires BOTH:
* high volume
* large candle
Produces the fewest signals.
Usually the highest quality.
---
# Timeframe Settings
## Calculation Timeframe
Allows calculations on another timeframe.
Example
Chart = 15 minute
Calculation = 1 hour
Signals are calculated from hourly data but displayed on the 15-minute chart.
Leave blank to use the current chart timeframe.
---
# Pivot Settings
## Pivot Bars Left
Controls how significant the pivot must be.
Small values
More signals
Less significant
Large values
Fewer signals
More important turning points
Default
100
---
## Pivot Bars Right
Controls confirmation delay.
Larger values
Later signals
Higher confidence
Smaller values
Earlier signals
More false signals
Default
5
---
# Signal Filters
## Use RSI Filter
Enable or disable RSI completely.
---
## RSI Length
Default
14
Controls how RSI is calculated.
---
## Top RSI Threshold
Minimum RSI required for tops.
Default
65
Higher values
Fewer signals
---
## Bottom RSI Threshold
Maximum RSI allowed for bottoms.
Default
35
Lower values
Fewer signals
---
## Use Trend EMA Filter
Turns EMA distance filtering on or off.
---
## Trend EMA Length
Default
200
Long-term trend reference.
---
## ATR Length
Default
14
Used to normalize volatility.
---
## Minimum ATR Extension
Default
5 ATR
Controls how far price must stretch away from the EMA.
Higher values
Only extreme exhaustion
Lower values
More frequent signals
---
## Confirmation Mode
Options:
* Off
* Volume Only
* Range Only
* Volume + Range
Determines final confirmation.
---
## Volume / Range Average Length
Default
50
Average period used for volume and range comparisons.
---
## Volume Multiplier
Default
2
Required increase above average volume.
Example
Average volume = 100,000
Multiplier = 2
Required volume
200,000
---
## Range Expansion Multiplier
Default
0.5
Required increase above average candle range.
Higher values
Require larger candles.
---
# Display Settings
## Show Trend EMA
Displays the EMA used for trend extension.
Useful for visualizing how stretched price became.
---
## Show Watch Signals
Displays every confirmed pivot before filtering.
Watch signals represent:
"Potential reversal areas."
Confirmed signals represent:
"Filtered, higher-probability reversal areas."
---
## Color Settings
Customize:
* Watch Tops
* Watch Bottoms
* Confirmed Tops
* Confirmed Bottoms
* EMA
---
# Label Controls
These options determine what information appears inside Confirmed labels.
---
## Show Price
Displays pivot price.
Example
Price
145.32
---
## Show Pivot Settings
Displays
Left / Right
Example
100 / 5
Useful when comparing settings.
---
## Show RSI
Displays RSI at the pivot.
Example
RSI
72.5
---
## Show Volume
Displays pivot volume.
Useful when Volume confirmation is enabled.
---
## Show ATR
Displays ATR at the pivot.
Important:
This is **not** the distance from the EMA.
It simply displays the market's volatility (ATR) at the time the pivot formed.
Higher ATR means a more volatile market.
Lower ATR means a quieter market.
---
## Show EMA Distance
Displays
Distance from EMA
measured in ATRs.
Example
EMA Dist
5.82 ATR
This is arguably the most useful statistic on the label because it quantifies how extended price was when the reversal occurred.
---
## Show Confirmation Type
Displays how the confirmation filter was satisfied.
Possible values:
* Volume
* Range
* Volume + Range
* None
---
# Alerts
The indicator includes four alerts:
### Confirmed Top Found
Generated when a filtered top is confirmed.
---
### Confirmed Bottom Found
Generated when a filtered bottom is confirmed.
---
### Top Watch
Generated for every structural pivot high before filtering.
---
### Bottom Watch
Generated for every structural pivot low before filtering.
---
# Understanding Signal Timing
This is important.
The indicator **does not repaint**, but it is intentionally delayed by the **Pivot Bars Right** setting.
Example:
Right Bars = 5
A top occurring today will only be confirmed after five additional bars have closed without a higher high.
This is necessary because the indicator waits for confirmation that the pivot is truly established.
---
# Suggested Starting Settings
## Swing Trading (Daily)
* Left Bars: 100
* Right Bars: 5
* RSI: On
* EMA Filter: On
* Minimum ATR Extension: 5
* Confirmation: Volume Only
---
## Position Trading (Weekly)
* Left Bars: 150–250
* Right Bars: 5–10
* ATR Extension: 6–8
* Confirmation: Volume + Range
---
## Short-Term Trading (15–60 Minute)
* Left Bars: 30–60
* Right Bars: 3–5
* ATR Extension: 3–4
* Confirmation: Volume Only
---
# Strengths
* Adapts to market volatility using ATR.
* Filters out many insignificant pivots.
* Uses multiple independent confirmation methods.
* Supports higher-timeframe calculations on lower-timeframe charts.
* Does not repaint after pivot confirmation.
* Highly configurable for different trading styles.
---
# Current Limitations
* Signals are intentionally delayed by the selected Right Bars value.
* The indicator identifies **exhaustion points**, not trend direction.
* Strong trends can continue after a confirmed top or bottom, especially during momentum-driven markets.
* Volume confirmation may be less reliable for markets where reported volume is limited or synthetic (such as many forex CFDs).
---
# Best Use Practices
The indicator performs best when used to identify **areas of elevated reversal probability**, not as a standalone buy or sell trigger. Higher-quality setups occur when a confirmed signal aligns with higher-timeframe support or resistance, trendline breaks, divergence, or other independent forms of technical confirmation. Treat confirmed tops and bottoms as locations to focus attention rather than automatic entry points.
Indicator
Market Pivot LevelsTired of automated support and resistance indicators that clutter your chart with dozens of overlapping, noisy lines?
The Market Pivot Levels indicator is designed to map core market structure exactly like a professional technician would—cleanly, precisely, and without the noise. Instead of drawing a line at every single minor fluctuation, this script uses advanced filtering logic to identify true structural zones and spaces them out beautifully across your chart.
Key Features:
ATR Proximity Filter (No Clutter): Standard pivot scripts often stack lines on top of each other during consolidation. This script uses an Average True Range (ATR) proximity filter. If a new pivot forms too close to an existing major level, it ignores it, ensuring your chart only displays distinct, well-spaced tradeable zones.
Psychological Price Snapping: Human traders don't draw lines at random decimals like $196.19—they look for clean, psychological numbers. This script automatically takes the exact wick of a structural swing and snaps it to the nearest whole dollar (e.g., $196.00), mimicking a human hand.
Flush Right-Aligned Labels: Forget hovering over lines to see their value. Custom price tags are dynamically magnetized to the far right of your screen, sitting perfectly flush with your standard price axis for immediate readability.
Stealth UI: We believe in clean charts and clean interfaces. All underlying parameters (lookbacks, ATR multipliers, line thickness) are hardcoded and hidden from the settings menu to keep your PulseWire UI completely minimalist. It is strictly plug-and-play.
How it Works Under the Hood:
By default, the script looks for highly granular micro-swings (1-bar lookback), but relies on the 1.0 ATR distance multiplier to filter out the noise. The result is a highly responsive, custom price grid that adapts to the specific volatility of whatever ticker you are trading. It keeps a maximum of 20 active levels on the screen, automatically cleaning up old, irrelevant zones as new price action develops.
How to Use It:
Simply drop it onto any chart timeframe. Use the automatically generated yellow zones for breakout entries, strict stop-loss placements, or profit targets during extended trends. Indicator
Pivot Levels [BigBeluga]🔵 OVERVIEW
The Pivot Levels indicator automatically detects and draws key market pivot levels across multiple sensitivity settings. Each pivot level represents a significant local high or low in price structure, acting as potential zones of support and resistance. Traders can visualize short-, medium-, and long-term pivot layers simultaneously, helping to identify where price may react, reverse, or break out.
🔵 CONCEPTS
Different pivot lengths provide multi-length sensitivity on the same timeframe — shorter lengths detect local micro-swings, while longer lengths capture broader swing structure within the current chart.
ATR-based color logic marks active, bullish, or bearish pivot zones dynamically.
Lines can extend to the right or both sides to track reactions over time.
🔵 FEATURES
Detects up to four custom pivot levels simultaneously.
Each pivot level has independent settings for length , style , and extension mode .
Auto-colors each pivot as support (green), resistance (orange), or active zone (blue).
Displays dual-width line layers: a solid base and a transparent overlay for visual depth.
Dynamic price labels show exact pivot levels for clarity.
Fully customizable line styles: dashed (--), solid (-), or dotted (..).
Extends lines to the right for future reaction tracking or both directions for structure alignment.
🔵 HOW TO USE
Enable or disable pivot levels (1–4) to control how many layers of structure you want visible.
Use shorter pivot lengths for intraday turning points and longer ones for macro structure.
Watch for multiple pivot lines clustering in the same region — these often mark strong reversal zones.
Observe color changes: green = support, orange = resistance, blue = active neutral zone.
Combine with price action or volume analysis to confirm reactions near major pivots.
🔵 CONCLUSION
The Pivot Levels indicator provides a clean, multi-layered visualization of market structure.
By tracking pivots of varying lengths, traders can easily identify overlapping support and resistance regions, gauge breakout strength, and align trades with the dominant structural zones visible across multiple time horizons.
Indicator
Pivot Points Level [TradingFinder] 4 Methods + Reversal lines🔵 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 technical analysis. The central pivot point (PP) serves as the main level of support or resistance, indicating the potential direction of the trend.
The first to third levels of resistance (R1, R2, R3) and support (S1, S2, S3) provide additional signals for potential trend reversals or continuations.
Floor Pivot Points Formula :
Pivot Point (PP): (H + L + C) / 3
First Resistance (R1): (2 * P) - L
Second Resistance (R2): P + H - L
Third Resistance (R3): H + 2 * (P - L)
First Support (S1): (2 * P) - H
Second Support (S2): P - H + L
Third Support (S3): L - 2 * (H - P)
🟣 Camarilla Pivot Points
Camarilla pivot points include eight levels that closely align with support and resistance. These points are particularly useful for setting stop-loss and profit targets.
Camarilla Pivot Points Formula :
Fourth Resistance (R4): (H - L) * 1.1 / 2 + C
Third Resistance (R3): (H - L) * 1.1 / 4 + C
Second Resistance (R2): (H - L) * 1.1 / 6 + C
First Resistance (R1): (H - L) * 1.1 / 12 + C
First Support (S1): C - (H - L) * 1.1 / 12
Second Support (S2): C - (H - L) * 1.1 / 6
Third Support (S3): C - (H - L) * 1.1 / 4
Fourth Support (S4): C - (H - L) * 1.1 / 2
🟣 Woodie Pivot Points
Woodie pivot points are similar to floor pivot points but place more emphasis on the closing price. This method often results in different pivot levels than the floor method.
Woodie Pivot Points Formula :
Pivot Point (PP): (H + L + 2 * C) / 4
First Resistance (R1): (2 * P) - L
Second Resistance (R2): P + H - L
First Support (S1): (2 * P) - H
Second Support (S2): P - H + L
🟣 Fibonacci Pivot Points
Fibonacci pivot points use the standard floor pivot points and then apply Fibonacci retracement levels to the range of the previous trading period. The common retracement levels used are 38.2%, 61.8%, and 100%.
Fibonacci Pivot Points Formula :
Pivot Point (PP): (H + L + C) / 3
Third Resistance (R3): PP + ((H - L) * 1.000)
Second Resistance (R2): PP + ((H - L) * 0.618)
First Resistance (R1): PP + ((H - L) * 0.382)
First Support (S1): PP - ((H - L) * 0.382)
Second Support (S2): PP - ((H - L) * 0.618)
Third Support (S3): PP - ((H - L) * 1.000)
These pivot point calculations help traders identify potential support and resistance levels, enabling more informed decision-making in their trading strategies.
🔵 How to Use
🟣 Two Methods for Trading Pivot Points
There are two primary methods for trading pivot points: trading with "pivot point breakouts" and trading with "price reversals."
🟣 Pivot Point Breakout
A breakout through pivot lines provides a significant signal to the trader, indicating a change in market sentiment. When an upward breakout occurs and the price crosses these lines, a trader can enter a long position and place their stop-loss below the pivot point (P).
Similarly, if a downward breakout happens, a short order can be placed below the pivot point.
When trading with pivot point breakouts, if the upward trend breaks, the first and second support levels can be the trader's profit targets. In a downward trend, the first and second resistance levels will serve this role.
🟣 Price Reversal
Another method for trading pivot points is waiting for the price to reverse from the support and resistance levels. To execute this strategy, one should trade in the opposite direction of the trend as the price reverses from the pivot point.
It's worth noting that although traders use this tool in higher time frames, it yields better results in shorter time frames such as one-hour, 30-minute, and 15-minute intervals.
Indicator
Pivot Point Calculator [JP&Dia]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 PulseWire.
Enter your desired time frame in the “Enter Time Frame” field (e.g., M, W, D).
Choose either or both “Classic Pivot” and “Camarilla Pivot” options to display them.
The script will automatically calculate the pivot points and display them on the chart.
Why Is This Script Unique? This script combines both classic and Camarilla pivot calculations, allowing users to easily utilize both pivot styles through a single script.
How Can People Benefit? Traders can use this script to identify potential buy-sell points and market trends. They can also conduct their market analyses more efficiently and effectively.
Script Adı: Pivot Noktası Hesaplayıcı
Script Ne İşe Yarar? Bu script, finansal piyasalarda kullanılan klasik ve Camarilla pivot noktalarını hesaplar. Pivot noktaları, önemli destek ve direnç seviyelerini belirlemek için kullanılır ve bu script, yatırımcıların piyasa hareketlerini daha iyi anlamalarına yardımcı olur.
Nasıl Kullanılır?
Scripti PulseWire’deki grafiklerinize ekleyin.
“Zaman Dilimi Girin” alanına istediğiniz zaman dilimini girin (Örneğin: M, W, D).
“Classic Pivot” ve “Camarilla Pivot” seçeneklerinden birini veya her ikisini de seçerek gösterilmesini sağlayabilirsiniz.
Script otomatik olarak pivot noktalarını hesaplayacak ve grafik üzerinde gösterecektir.
Neden Özgü Bir Script? Bu script, hem klasik hem de Camarilla pivot hesaplamalarını birleştirir ve kullanıcıların her iki pivot stilini de tek bir script üzerinden kolayca kullanmalarını sağlar.
İnsanlar Nasıl Faydalanabilir? Yatırımcılar, bu scripti kullanarak potansiyel alım-satım noktalarını ve piyasa trendlerini belirleyebilirler. Ayrıca, piyasa analizlerini daha verimli ve etkili bir şekilde yapabilirler. Indicator
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