[fikira] Harmonic Patterns 2This is "Harmonic Patterns", part 2 Open Source
(in 2 parts, otherwise many lines are gone because the script is too large):
- Crab
- Bat (+ Alt)
- Butterfly
- Shark
A "Pattern" is created by checking 5 consecutive ( pivot ) points, starting with X, A, B, C, and ending with point D.
At point D all 5 points are compared, calculated and verified.
When confirmed, a "Label" will be plotted at point D, together with the "Entry", "Take Profit" and "Stop Loss" price.
The "Entry", "Take Profit" and "Stop Loss" lines will be plotted as well at point D.
Lastly, a "Drawing" automatically will be displayed which makes the "Pattern" visible.
Please do mind, the "Drawing" is calculated differently, the "Drawing" sometimes can be displayed incorrectly
when prices are too close to each other (for example low Satoshi price changes).
THE "ENTRY", "TAKE PROFIT", "STOP LOSS" PRICES AND LINES ARE NOT AFFECTED AT ALL BY THIS, THEY WILL SHOW CORRECTLY!
- 1 "TP point" can be changed ("TP Level 0.618")
- "Labels", "Lines", "Drawings" can be disabled/enabled
- "Labels" can be made smaller or bigger ("Size Label")
- "Labels" can be placed further or closer to the bar ("Distance TP Label" > higher = closer, lower = further)
- "Lines" can be made thicker or thinner ("TP Linewidth")
- "Drawings" can be made thicker or thinner ("Drawings Linewidth")
- "Drawings" are created by comparing with 100 bars back in history (default), should it be (very rarely) a triangle is displayed flat on the left side,
possibly the first point(s) is/are further than 100 bars ago, in this case increase "Period Drawings" above 100.
- Animal symbols can be enabled/disabled
- When several "Patterns" appear on the chart, the oldest ones won't be displayed anymore, first the "Drawings", then the "Lines"
The last (present) ones will always be displayed in total without a problem!
- If you want to see "Patterns" with less correct measurement, change "Error Marge" 0.9 - 1" and "Error Marge" 1 - 1.1"), this gives max. about 10% extra margin
- Added more settings regarding "Drawing Lines"
Thank you very much!
חפש סקריפטים עבור "pivot"
IMR DAILY FIBGREETINGS TRADERS !!!
TRADE in trend
with support & resistence of fibonachi pivot of daily
usefull for each & every script
built in ema crossovers for safe traders
specialy used for intraday (1-2-3-5 min timeframe )& swing trades SIMPEL & HANDY INDICATOR
tried to kept the function of indicatoer very easy & user freindly
plz use & share your feedback
ENJOY LIKE & SHARE TO OTHERS !!!!
Dynamic Price ChannelsThis indicator plots dynamic price channels based on the security highest close and lowest open.
The default is to display 8 core channels (with the option to plot the sub channel lines, off by default).
It’s simple really—this just divides the price action into equal channels. I’ve found this pattern helpful across all markets.
It’s dynamic because if a new high close or a new low close is created the all channels will adjust.
The key levels are 75% (blue), 50% (aqua), 25% (blue).
In between those key levels is a level separator.
The high close and the low open are both red.
These can all be customized in the settings.
What you’ll typically see at these channel boundaries are price slow downs, reversals, support and resistance.
Turning on sub-channels will provide further channel plots. On these sub-channels you’ll also see the same type of price action activity as mentioned above.
I’ve developed a trading system where this indicator helps identify key pivot areas. Combined with a few other indicators and key EMAs this trade system provides high probability trades around these key channel areas.
Pivot cycles - JDThis indicator tells you how many bars it takes to get from one pivot point to another.
This can give you a probability of when an upward or downward pivot is 'overdue'.
As is the nature of pivot points, this naturally lags by default by half of the pivot length!!
eg. if the pivot length is set to 6 the indicator will give you the pivot point 3 bars later.
JD.
#DYOR
#nottradingadvice
Pivot Reversal Strategy with Alerts - Ru++changing from blue to white for better visibility on dark theme
On Balance True Range and Kalman FilterThis is a modification of On Balance True Range where the plot is made on the chart based on VWAP. Getting the previous day values of this logic is useful in determining the major pivot points during the day. The intra day VWAP is also plotted to know if the price is being traded above or below the average price.
The script also has a Kalman Filter based moving average that acts as a short term moving average.
CM Pivot Bands V1CM_Pivot Bands V1
Special Thanks to Michael S for Introducing Code.
Instead of a Long Write Up I Recorded A Video Going Into Detail On V1 Of This Indicator. Please View To See My Initial Findings, My Thoughts For V2, And Items I Need YOUR Help With!!!
In Inputs Tab Indicator Has Ability to Turn On/Off Multiple TimeFrames…Thought Process Explained In Video.
Link To Video:
vimeopro.com
Link To PDF Mentioned In Video:
d.pr
Pivot Points + Day First Candle Breakout + VWAP + Supertrend This indicator amalgamates several key indicators to provide a comprehensive analysis for trading decisions, including SuperTrend, Pivot Points, VWAP, along with the Day First Candle Breakout strategy.
Key Features:
Day First Candle Breakout: Identifies potential breakout opportunities based on the first candle of the trading day. It utilizes the high and low of the initial trading range to determine entry points.
Timeframe Selection: Allows users to select the timeframe for analyzing the first candle (e.g., 5, 15, or 60 minutes).
Previous Day and Week High/Low: Displays the high and low of the previous day and week to provide additional context for trading decisions and assess the strength of the trend.
Trend Strength Analysis: Indicates whether the current price is above or below the previous day's high or low, signaling a stronger bullish or bearish trend respectively.
SuperTrend Indicator: Visualizes the trend direction and potential reversal points based on the SuperTrend indicator. It helps traders to stay aligned with the prevailing trend and avoid premature exits.
Pivot Points: Presents key support and resistance levels derived from Pivot Points, assisting traders in identifying potential reversal or breakout zones.
VWAP (Volume Weighted Average Price): Plots VWAP to provide insight into the average price traded over a given period, aiding in determining the fair value of the asset and potential buying/selling zones.
Trading Signals:
Buy Signal: Triggered when the price exceeds the high of the initial trading range after an upward price gap.
Sell Signal: Generated when the price falls below the low of the initial trading range after a downward price gap.
Caveats for Effective Trading:
Extended Trading Ranges: Adjusts support and resistance levels if the initial trading range extends beyond the defined timeframe.
Morning Noise Consideration: Exercises caution during volatile morning sessions to avoid false breakouts and whipsaws.
Pullbacks and Narrow Range Bars: Looks for opportunities during pullbacks or when the price forms narrow range bars to enter trades, reducing the risk of sudden reversals.
Pivot-Point Weighted Moving AverageThe Pivot-Point Weighted MA is very different from other weighted MAs, in the sense that the price weights can achieve negative values. For an example, if a length of 21 is used, the pivot point will be calculated as 13, meaning that the 13th prior candle will have 0 weight, and all prices before it will have a negative weight on the sum, so their impact is reversed rather than just unweighted.
The intent of this is to reduce lag by front-loading the prices. It works better in cyclic markets, and with a longer length, where the inflection point (the one with 0 weight) is aligned with the cyclic turn.
You can configure where the weight starts. If you leave it as 0, it will start with floor(length * 0.66) - 1.
PIVOT AND ICHIMOKU BACKGROUND BY PRANOJIT DEYIt shows pivot bias in relation to day open line and it also shows ichimoku bullish trend background. good for option buyers to understand market bias.
Pivot Fib 4H — EAStrategy uses the pivot standard to open position, it has well define entry and exit point with SL, it also has a proper money management plan, maximum 4 trades a day, each trade risk 0.5% of the account, I have it EA version of it also.
Pivot Levels [UkutaLabs]█ OVERVIEW
The Pivot Levels Indicator provides real-time insight into key price levels within the market that can serve as powerful support and resistance levels. These levels are based on currently-relevant price-action information to ensure that the lines being drawn provide the most value to traders regardless of their trading style.
The aim of this script is to simplify the trading experience of users by automatically identifying and displaying price levels that they should be aware of.
█ USAGE
At the beginning of each trading day, the script will identify the previous day’s hlc3 level. We refer to this level as the day’s Source Level, and it is from this price that the other Resistance and Support levels are calculated.
The script then identifies the total price range of the previous day (Previous Day High - Previous Day Low), then draws Resistance and Support lines based on the Source Level and the previous day’s range.
The script identifies these levels on both sides of the Source. Levels above the Source are considered to be points of Resistance and below the Source are considered to be Support, but the levels are free to be interpreted and used in whatever way fits the user’s trading strategy.
A label is drawn at the end of each line that identifies the line and whether it represents support or resistance. These labels can be disabled in the settings.
█ SETTINGS
Configuration
• Show Labels: Determines whether or not labels are displayed at the end of each line.
• Display Mode: Determines the number of days for the script to load.
Line Settings
• Resistance Color: Determines the color of the resistance lines and labels above the Source Level.
• Source Color: Determines the color of the source line and label.
• Support Color: Determines the color of the support lines and labels below the Source Level.
• Line width: Determines the width of lines.
• Line Style: Determines the style of lines.
Pivot Point Oscillator by AlgotrdrThis script tracks moments where price closes over s/r levels on 3 sets of pivot points and turns it into an oscillator to help users analyze price movements at a glance. Enjoy!
Pivot TrackerThis script finds swing lows and swing highs based on input criteria for lookback and lookforward periods, and plots letters accordingly.
Helps identify trend or lacktherof
HH = higher high
LH = lower high
HL = higher low
LL = lower low
Pivot Boss -- Squat bars and Non Squat Bars 2.0Squat Bar Signal -- current Volume is greater than previous volume but Current bar MFI(Market Facilitation index) is lesser than previous bar MFI
Other Conditions -- Current Bars Range is lesser than (Average Range * Range Multiplier)
Non Squat Bar Buy Signal(Green Up Triangle) -- Volume and MFI is greater than previous bar, Close greater than open, Close is greater than midpoint
Non Squat Bar Sell Signal(Red Down Triangle) -- Volume and MFI is greater than previous bar, Close lesser than open, Close is lesser than midpoint
Usually Squat signal is confirmed by Non Squat Bar Signal..
Other indicator used -- PEMA -- Pivot based EMA
For Better results use it along with Advanced Volume indicator and PEMA
pivot semaphore support&resistance levels [LM]Hello Traders,
I would like to introduce you pivot semaphore support&resistance levels. The idea is the same as the zigzag script of mine to spot the importance of support&resistence
The Semafor is used to spot future multi-level Supports and Resistance zones.
It is also useful to spot HL or LL or HH or LH zones at different Depth settings.
The red zones are the extreme places where the market has a higher chance of reversing while the green zones have the lowest setting with lower chances of the market reversal
The lines can be extended like so
The lines also can just stop extending when price will reach it
Enjoy!
Pivot Points [KrisWaters] vX by DGT (Russian version)A useful multitool script from the talented dgtrd with my translation into Russian. Full description from the author.
Полезный скрипт-мультитул от талантливого dgtrd с моим переводом на русский.
Полное описание у автора:
Pivot Points 17 - StandardDisclaimer!
-This indicator doesn't tell you the market condition (BUY or SELL)
Cons!
- Totally dependent on your knowledge
Pros!
- Projects the Key Levels of a single time frame on the chart
Usage!
- Watch out for rejections at these levels
- Identify breakouts at these levels with strong confirmation like RETEST (as Level Role Reversal)
