We're pleased to introduce DynaPIV Trend! This single script provides a array of valuable trend information that can help in short term scalping strategies, and helping define trend strength across support and resistance points.
The heart of DynaPIV is an dynamic, volatility adjusted moving average based on fibonacci ratios. The script creates a visual representation of trend based on the pivots created with this dynamic moving average as has both short and long term support and resistance lines delineated by color and thickness.
In general, the script will color bars according to the trend. By default, our safe mode is enabled which will filter out potential false breakouts, as well identify channeling zones (where bars are white). Disabling Safe Mode will provide more opportunities for scalping, however increases the risk of trend invalidation. By nature the trader is meant to follow the comprehensive visual presented by DynaPIV Trend, inclusive of horizontal and diagonal painted support and resistance lines.
NOTE: The script is useful for timeframes 5M to 2HR. However the recommended is 30M - 1HR. Using the script on higher timeframes will invalidate the dynamic nature of the DynaPIV Trend volatility calculation and thus render the trend invalid.
SignalFI was created to help traders and investors to effectively analyze the market based on the Golden Mean Ratio (Fibonacci numbers), plan a trade and ultimately execute it. To help inform and educate market decisions we developed a set of Trading Indicators which are available on TradingView.
SignalFI indicators are just that, indicators. Our indicators are generally configured to use completely historical data (negating repaint), and we advise all alerts created with SignalFI indicators to be fired upon "close" of the current candle. Our indicators can provide valuable context and visualization support when performing market analysis and executing buy and sell decisions. However. we are not financial experts, and all information presented on this site or our other media outlets are for educational purposes only.
For subscription information, visit signalfi.net and follow us on twitter: @signalfi_
This looks great and likely easier to follow than a simple volume imprint, which can be a moving target... again, would love to be able to try/use... thank you very much!