Primarily for equities as no provision has been made to control the timing at which the open close high low are determined, indeed, I see no straightforward mechanism to do so in Pinescript.
Development aided by: tradingview.com/script/IXIi0Uoy/, but with the entirely different calculations presented in "Secrets of a Pivot Boss" by Franklin Ochoa. And far cleaner and less-redundant code.
To trade the indicator, watch the H3,H4,H5 and L3,L4,L5 bars. There are two built-in strategies. Depending on pivot width, sell at H3 and buy at L3 with stop at H4/L4 or above. For strongly trending environments: buy at H4, cover at H5--similarly for downtrends.
Hi Ian ,thank you for developing such a good indicator,
can you please check why we do not get the current day levels?
it takes around 30 min to load them and in the first 15-20 min when the market opens, we do not have them.
Is this smth that you have limited yourself?
Ian_Carsen
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@equilon, that may be because the data is not real time? The code is taking the value of the previous data (daily, weekly, monthly bar) so maybe the new bar has to start being formed before this works. Maybe you can improve it, see the section about "barmerge.lookahead_on" here: tradingview.com/pine-script-docs/en/v4/essential/Context_switching_the_security_function.html
Time_Oracle
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@Ian_Carsen, I found a solution ,if go to daily and you click in the level,it will show as dots.not ideal but its a work around.thank you for the reply
Is there anyone who can help with getting these to appear premarket. I understand that calcualtion is based on previous days data. Other platforms (TOS) show this indicator premarket. If anyone has input, please share. Very important for pre market mapping. Thank you
ceyhun
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Thank you for sharing.
RowdyQueen
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you code for calculating center is wrong..
RowdyQueen
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The code is written wrong for center. Should be (high + low + close)/3
keyhan_neowave
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I have checked L6 points I concluded that it can be useful in downtrends on l6 And when it is with the patterns and points that are specified for buying or selling with the zone to ensure the exact entry point of those that are tangent to each other they are correct and filter them with the mfi index and it has good results
Doomus
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Hello, thanks for your work on this! Just wondering if there is any option to have pre/post market data also included in the formula?
can you please check why we do not get the current day levels?
it takes around 30 min to load them and in the first 15-20 min when the market opens, we do not have them.
Is this smth that you have limited yourself?