Divergence for many indicator v3Hello Everyone. Almost one year later, with Pine version 4, I developed new version of the Divergence for many Indicator.
It analyses divergences for 10 predefined indicators and then draws line on the graph. Red for negatif divergence (means prices may go down or trend reversal), Lime for positive divergences (means prices may go up or trend reversal)
Divergences version 2 has latency because it waits higher time frame completion. in this new version the script uses Pivot Points and on every bar it checks divergence between last Pivot point and current bar and if it finds any then immediately draws line and removes old one. so there is no latency with this version.
There are predefined 10 indicators in the script, you have option to choose which indicators the script would analyse for divergence. (RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, Diosc, VWMACD and CMF)
In replay mode you can see how the script puts new divergence line and removes old one. you better see it for yourself by using replay mode.
Hope you Enjoy!
Pivotsupport
Trend LinesHello Everyone! This is my new trend lines script (after beta version that was published almost one year ago)
The idea is to find Pivot Highs (PH) and Pivot Lows(PL) first.
Then, If current PH is smaller then previous PH (means no new higher high and possible downtrend) then draw trend line using them. and also it checks previous trend line (if exits) and if current angle is smaller then don't extend previous one.
Same idea when using Pivot Lows, If current PL is higher then previous PL (means no new lower low and possible uptrend) then draw trend line using them. and also it checks previous trend line (if exits) and if current angle is smaller then don't extend previous one.
Optionally style of old trend lines drawn as dashed.
Hope you enjoy it!
BEST Pivots CloudHello traders,
This script is an adaption of an FXCM indicator called Pivots Cloud
Takes in input two timeframes, build the pivots based on them and fill the space between those pivots
Should be non-repainting
Best
Dave
Golden Pivot1. Golden Pivot indicator combines Central Pivot Range and Camarilla Pivots.
2. Pivot calculations are based on Secret of Pivot Boss book by Frank Ochoa.
3. One can also view tomorrow's pivots by today EOD.
Pivot Points Daily and WeeklyThis will let trader see Daily and Weekly Pivot points with R/S5.
Daily Pivot point line --> Orange Color
Daily R1-5 ---> Black circles
Daily S1-5 ---> Black circles
Weekly Pivot lines ---> Purple Color
Weekly R1-5 ---> Red Circles
Weekly S1-5 ---> Red Circles
CPR with Pivot LevelsWe recommend some preconditions for Intraday Trading Strategy with CPR (Central Pivot Range)
Rules For BUY Setup with CPR
1) Today's Pivot Level Should be higher than Previous Day's Pivot Level
2) The previous day's close should be near day high.
Rules For SELL Setup with CPR
1) Today's Pivot Level Should be lower than Previous Day's Pivot Level
2) The previous day's close should be near day low.
CPR or central pivot range is the best tool available for the trader to see the price base indicator. You can use this tool i.e CPR (central pivot range) to check the price indicator in the stock market. You know the price of shares sometimes goes up or sometimes goes down in the stock market. So it will be best to stay updated and know it before the time the share market/stock market fall or rises.
Pivot of Pivot Reversal Strategy [QuantNomad]Continue looking for more signifcant pivot points.
This script is based on my "Significant Pivot Reversal Strategy".
In this strategy I use concept of pivot of pivot points.
So for PoP I require that pivot highs point should have 2 lower pivot highs points around them and pivot low 2 higher pivot lows points.
Transparent lines represent usual pivot levels ints.
Not transparent lines represent pivot of pivot levels.
Link to original script:
Significant PP - Swing Failure / Stop Run Alerts [QN]Tried to create a script for Swing Failure / Stop Run patterns. It is based on my QuantNomad - "Significant Pivot Reversal" Indicator.
It's quite tricky to code these kinds of patterns, so it's really not ideal. I alert when a candle cross pivot level but close below (above for bottom) it and previous close was below (above) it as well.
You can setup params for pivot points and also by how much it should cross pivot level with "SF ATR Mult".
I have in mind a few other things I'd like to test:
* Different types of pivot points
* Few recent pivot levels at once
* Pivots from higher timeframe
* Different types of "touching" levels
* etc.
Ideally, I want to create a strategy from it, but I'm far from it for now.
Do you have any ideas on how to make it better?
Original Significant Pivot Reversal Indicator:
RSI PivotIt is based on RSI. When RSI crosses (70)up and (30)down bands, it draws a price line.
Cheers :)
Neru_MultiPivots_ForDarkThemeNeru_MultiPivots_ForDarkTheme
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This script is plotting the classic PivotPoints into the charts, two for each interval.
These Pivots are adjusting automatically when you change the interval.
The following are supported:
1, 3, 5, 15: H4 Pivots R5-S5
5, 15, 30, 60, H2: Daily Pivots R5-S5
30, 60, H2, H3, H4, H6: Weekly Pivots R4-S4
H3, H4, H6, D: Monthly Pivots R3-S3
D, 2D, 3D, W, 2W: Quarterly Pivots R3-S3
2D, 3D, W, 2W, M, 3M: Yearly Pivots R2-S2
You cannot change these settings, but disable them seperately.
This is a universal indicator and appropriate to use in any market, due to the fact classic calculations are used.
Additional: You are able to set alerts onto single Pivots OR an entire interval.
There is also a version for light themes: Neru_MultiPivots_ForLightTheme (simply search in indicator´s library)
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Warm regards,
Neru
[ALL-IN-ONE] Algorithmic S/R and Pivots and Long Term LevelsHello my trading padawans.
Hope you're all having a blast
Here's the invite-only script of the week. The ALL-IN-ONE saga continues with another script.
This time, I compiled a lot of algorithmic supports and resistances (S/R) - to be used with any indicators out there.
Those S/R are universal and work with all asset classes (FOREX, CRYPTO, INDICES, STOCKS, COMMODITIES, ...)
No one can predicts which S/R will stop a move - generally - the high timeframes S/R + the SMAs with a big input value - work as strong walls often forcing the candles to retrace a bit short-term.
At Today's post (October, 25th 2019 - 12 pm UTC-4), we see how useful they were, to identify how high BTC/USD could go before retracing.
I. 💎 SCRIPTS ACCESS 💎
1.🖐️ Access can only be requested through my website.
2.🖐️ My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt
3.🖐️ A tutorial article/video will be provided on those sub mentioned links + Tradingview
4.🖐️ You obviously can contact me directly for more information
II. 🔎 ALL-IN-ONE Supports and Resistances 🔎
You can display the algorithmic S/R, and/or pivots, (not finished yet) and the long terms levels.
For the 3 types of S/R, I pre-selected those that I think are the most relevant and useful for everyone. Please let me know if you'd like me to add/remove some.
All those listed by default are important and provide a MAP for a trader.
They give great take profits zones, levels where it's better to wait for a pullback before entering.
2.1 👁️🗨️ S/R mode 👁️🗨️
Each type of S/R can be displayed or not.
2.2 📱 Mobile optimized display 📱
Preview : imgur.com I posted 2 images there
The script is made using the newest version of Pinescript, and displaying small labels for every support/resistance.
✨ This will come in handy for mobile users - they'll get nice looking labels displayed at the right of their chart.
Each S/R type have its own labels and label position. The script users can activate/deactivate them at will
Let's review quickly each one.
2.3 Algorithmic SMAs
I cherish, love, sometimes despite them, but they're very relevant for all asset classes. The tool displays as many relevant algorithmic and generic SMAs that I could think of.
The indicator lists about 18 different SMAs in multiple timeframes.
2.4 Pivots
7 pivots are displayed (S1/S2/S3/P/R1/R2/R3)
You can choose one of 4 pivot point types:
- Traditional
- Woodie
- Fibonacci
- Camarilla.
The fun doesn't stop here. You can also select a timeframe between Daily/Weekly/Monthly/Yearly for those pivots.
For INDICES, for example, I use a lot the daily Traditional Pivots.
2.5 Long Terms Levels
Display by default the highest/lowest weekly/monthly/quarterly/monthly levels.
The scripts user can chose to select the previous highest/lowest also.
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If you have any doubts or questions, please hit me up directly or ask in the comments section of this script.
I'll never claim I have the best trading methodology or indicators.
You only will judge and I'll appreciate all the questions and feedback you're sending my way.
They helped me a ton for developing indicators based on all the requests I received.
May the force 💪 be with you all 🥳.
Dave
Pivots Framework by HypesterThis is the first release of the basic pivot framework with the three most used ones by our Alpha Community.
You can easily switch between modes, adjust the lookback period, and it works multi-resolution.
Right now, we have:
BB Fibo
Murrey's Channels
Adaptive Fibonacci
The next release will be ATR based pivot formula.
Dynamic Weekly Price Envelope
This is a indicator that I have been developing and personally using for over a year. The basic concept is a dynamic range that is derived from the previous weeks range. The main philosophy followed when designing this indicator was that it should be applicable to all asset classes, and it should provide objective price levels of support and resistance that do not change when price approaches them. This indicator is most useful in range bound price action, but gives a lot of useful information on any market condition at a glance. The indicator also generates a custom vwap that reflects the volume weighted price since the price broke significant levels.
Indicator Description
The indicators most important price levels are the top 3 lines and the bottom 3 lines. These lines are distinguished by their wider line thickness with default settings. These levels act as support and resistance, and the price entering these regions indicates that the asset is overbought or oversold. A setting is available to highlight in red or green when price is overbought or oversold. Here is an example:
This example also demonstrates one of my personal favorite signals, which is when the price reenters the central channel, then retests the overbought/oversold region, as it does in the example, shown by the second set of red arrows.
Timeframes
This indicator reacts dynamically, so the levels will look different on different timeframes. The hourly chart works best from my experience in forex and crypto with default settings, but in general lower timeframes will give a more accurate picture during extreme price action. Note: assets that have shorter sessions generally should use a smaller timeframe. I like to use 15min on stocks, this is similar to the hour chart in crypto or forex. Take this GBPUSD chart for example:
As you can see the price has a very extreme impulse, and all resistances are passed. You can see that the lines still act as support when price falls back into the range, but the indicator is not very useful when price exits the range. The solution for this is to drop down to a lower timeframe that will adjust faster to the extreme price movement.
Here you can see that the range shifts with the price movement, indicating support levels throughout the entire price impulse.
I will also drop down to lower timeframes if I want to utilize the price levels within the channel as support and resistance levels for intraday trading. Here is an example with price level interactions indicated by red and green arrows.
THe most significant levels are still the centerline and the top and bottom three levels, but the inner lines also are nice for intraday support and resistance.
Larger time frames like the daily chart also are useful. Let's take the daily Bitcoin chart as an example:
On larger timeframes,
If price is below the central red line price is trending down, and if price is above central red line, the trend is up
The asset trading outside of the entire range indicates that the trend is very strong, reentry into the channel indicates that price is likely to consolidate.
The outer lines still serve as significant support and resistance.
Settings
I have configured the default settings to perform well for most assets, but I allow the user to change settings as they desire.
Line Color - this setting changes the color of the lines.
Fill Color - this setting changes the fill color used for the indicator
Line Transparency - The transparency of the lines, set to 100 to completely hide all lines
Base Fill Transparency - This setting changes the base transparency for the channel, this transparency will be used for the outermost bands
Transparency Gradient Step - each band will become this amount more transparent as they come closer to the centerline
Adjustment Lag - this adjusts how quickly the channel adjusts when the top and bottom levels are breached. I have always used 100, but using much higher or lower values gives interesting results.
Show Signals - This enables basic swing signals to be shown by red and green triangles. Note that this is only one signal, and the system actually has many signals outside of these triangles. They only indicate optimal entries for a swing trading technique based on the indicator.
Show Oversold/Overbought Price - ticking this box results in the fill color changing to green when price is oversold, and red when the price is overbought.
That about covers all the basics for using this indicator, please reach out with comments or messages if you would like to know anything more. Thanks for reading, and I hope you can use this tool to help your analysis. A monthly version and a refined strategy are in the works and will be published soon.
Pivot Points MTFStandart pivot points which auto switching with higher TF ones.
4h pivots on 5min
1D pivots on 15min
1W pivots on 4 hours
1M pivots on daily
1Y pivots on weekly
[SignalFI] DynaPIV TrendWelcome!
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 www.signalfi.net and follow us on twitter: @signalfi_
BOSS| FIBONACCIBOSS PRO TRADING SYSTEM INDICATORS
Used to determine directional movement and potential Fibonacci support/resistance levels.
Pivot Points use the prior period's high, low and close to estimate future support and resistance levels.
Set alerts for each individual fib and pivot, or set one alert for any fib or pivot cross.
Use Daily for lower time frames
Use Weekly for higher timeframes
Use monthly for 12H and up
Indicator Is a part of our PRO trading system.
Purchase System Here: bosscripts.com
Trend Direction Helper (ZigZag and S/R and HH/LL labels)Hey everyone
First of all, I'd like to thank Ricardo Santos, Backtest Rookies for the inspiration for this script.
Actually, most of it is coming from them and I only mixed them up (and added my secret sauce ^^). If some of you are not thinking about a trading secret sauce, please get serious for a moment :)
Some of you asked me how I do to set the trend direction. You all understood that if you get an UP label, then the price should go up and vice-versa for down.
But it's not so easy to define the good signals for each asset and each timeframe. I'm going to repeat what I said yesterday because ... well... that's what trading is about
So quoting myself here "The inputs set by default will have to be changed for your asset/timeframe and can't be generic for everything. You have to play with the inputs until the signals will make sense to you
The indicator/strategy with a unique configuration that you'll never check or update according to the market condition DOES NOT exit. "
BUT... a bit of patience and practice and you might do wonders.
The Method
I never realized until now but by connecting the higher highs/lower lows, I was drawing zigzag lines.
The Zig Zag Master is Ricardo Santos . Please give him a follow, he's awesome
For those who don't want to draw on the chart or (my preferred choice) need some inspiration to define your trend directions, this script is for YOU (and your family, your pet, your girlfriend/boyfriend, ...)
I think that each asset/timeframe chart has its own history. What worked in a post could work in the future.
In that regard, if a trend direction worked in the past, that's the parameter that I'll use to trade with it in a demo account and make sure it's relevant. If not then I will adjust
If you're trading with new indicators or a new method right away on your real trading account, you're gonna have a bad time imgflip.com
Lines EVERYWHERE
The script draws the classical horizontal pivots + the zig zag lines + the Higher Highs/Lower Lows label in just 1 script. I'm very excited to share a script (on which I coded 100 lines out of 500) but no one else did it
The horizontal pivots part are coming from Backtest Rookies
For more security, you can add a pullback on a moving average after getting a signal. Pullbacks are necessary to limit any eventual loss or maximize your gains by getting in the trend sooner.
I really give you a solid method and a great script in my opinion. 6 years of experience given away for FREE :p (when Dave will start thinking as a business man instead :O)
Does it repaint ?
Getting this question twice a day. You guys are obsessed with the repainting :)
Short answer, yes because it will calculate the pivots and zig zags whenever new higher highs/lower lows will be formed.
However, the trend direction code is based on the candle close so it shouldn't repaint. If it does, please let me know
See you all on Monday
Love you all
Dave
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Be sure to hit the thumbs up. Building those indicators take a lot of time and likes are always rewarding for me :) (tips are accepted too)
- If you want to suggest some indicators that I can develop and share with the community, please use my personal TRELLO board
- I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies
Jump on a 1 to 1 coaching with me
- You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
Disclaimer:
Trading involves a high level of financial risk, and may not be appropriate because you may experience losses greater than your deposit. Leverage can be against you.
Do not trade with capital that you can not afford to lose. You must be aware and have a complete understanding of all the risks associated with the market and trading. We can not be held responsible for any loss you incur.
Trading also involves risks of gambling addiction.
Please notice I do not provide financial advice - my indicators, strategies, educational ideas are intended to provide only some source code for anyone interested in improving their trading
The proprietary indicators and strategies developed by Best Trading Indicator, the object of intellectual property rights are and remain the exclusive property of Best Trading Indicator, at the exclusion of images and videos and texts free of rights or provided by the Company or external legal or physical person.
No assignment of intellectual property rights is carried out through these Terms and Conditions.
Any total or partial reproduction, modification or use of these properties for any reason whatsoever is strictly prohibited without the express written authorization of the Company.
QuantNomad - Ultimate Pivot Points AlertsCreated a universal script for pivot points alerts.
In the script, you can choose one of 4 pivot point types: Traditional, Fibonacci, Woodie, and Camarilla.
You are able to create separate alerts for every level or create one for price crossing any level.
For separate levels, you can choose: "Cross", "Crossover" and "Crossunder".
You can also choose to show/hide:
Historical Levels
Levels Values
Current Levels - Levels calculated on the current period, on close of the period they will become valid levels for next periods. These levels do not participate in alerts calculations.
Because of some TradingView limitations, alerts won't be fired for the first bar of the session.
In the script used new v4 plotting features, so will be able to plot levels and labels nicely. Unfortunately, there is a limit on the number of consecutive lines you can plot on the plot (around 50), so historical lines in the past will disappear after 6-7 periods.
And remember:
Past performance does not guarantee future results.
Pivot Ranges AlertsThis script calculates the ranges of pivots and shows alerts when they are touched.
Requested by Jonathan - (jthurrott)
Traditional Pivot Points AlertsCreated a script for alerts on Traditional Pivot Points.
You will be able to create separate alerts for every level or create one for price crossing any level.
Because of some TradingView limitations, alerts won't be fired for the first bar of the session. Will try to solve that in the new versions.
In the script used new v4 plotting features, so will be able to plot levels and labels nicely. Unfortunately, there is a limit on the number of consecutive lines you can plot on the plot (around 50), so lines in the past will disappear.
You can enable/disable in params displaying level itself on the chart.
And remember:
Past performance does not guarantee future results.
Fibonacci Pivot Points AlertsCreated a script for alerts on Fibonacci Pivot Points.
You will be able to create separate alerts for every level or create one for price crossing any level.
Because of some TradingView limitations, alerts won't be fired for the first bar of the session. Will try to solve that in the new versions.
In the script used new v4 plotting features, so will be able to plot levels and labels nicely. Unfortunately, there is a limit on the number of consecutive lines you can plot on the plot (around 50), so lines in the past will disappear.
And remember:
Past performance does not guarantee future results.
Higher High Lower Low Strategy (With Source Code)This script finds pivot highs and pivot lows then calculates higher highs & lower lows. And also it calculates support/resistance by using HH-HL-LL-LH points.
Generally HH and HL shows up-trend, LL and LH shows down-trend.
If price breaks resistance levels it means the trend is up or if price breaks support level it means the trend is down, so the script changes bar color blue or black. if there is up-trend then bar color is blue, or if down-trend then bar color is black. also as you can see support and resistance levels change dynamically.
If you use smaller numbers for left/right bars then it will be more sensitive.
source code of :