PivotBoss Tool (PART 1)Hello Everyone,
This indicator is being published on TradingView to help traders solve their multiframe analysis issue and at the same time get additional information of different timeframe like - Strength, Momentum and Central Pivot Range relationships all under one single frame.
This indicator is based on the concepts of Secrets of Pivot Boss by Mr.Frank Ochoa and strives to provide more insightful information of pivot points and other general indicators being used by traders on day-to-day basis in the simplest format possible so that traders of all kinds can relate to the same.
Below is the brief information of the indicator table you see in the layout of the above chart -
-This is the most interesting part of the indicator where the user gets to the Pivot Trend, RSI strength and Central Pivot Range (CPR) relationship all under one table which comes to be very handy during Intraday trading and Swing/Positional Trading.
#Pivot Trend
This column gives the user the information regarding price movement near to pivot points across multiple timeframes in a single frame which gives the user the accessibility to track the trend in different time frames, to make the information readily available colour code are included in the table which is customisable in the hands of the user and below is the explanation for the same -
- GREEN (Above H3)
- GREY (Between H3-L3)
- RED (Below L3)
#RSI
This column gives the user the information regarding price movement near to RSI values across multiple timeframes in a single frame which gives the user the accessibility to track the momentum in different time frames, to make the information readily available colour code are included in the table which is customisable in the hands of the user and below is the explanation for the same -
- GREEN (Above 70)
- GREY (Between 30 to 70)
- RED (Below 30)
#Central Pivot Range (CPR) Relationship
This column gives an idea of the trend direction and intensity which is exactly formulated according the concepts of PivotBoss Book and it also states the relationship of CPR's with customisable colour codes in the indicator settings, to make the information readily available colour code are included in the table which is customisable in the hands of the user and below is the explanation for the same -
There are generally six possible relationships for CPR compared to previous CPR where the timeframe can be variable but the relationship identification stays constant which is depicted as below -
- GREEN
1) Dark Green denotes "Higher Value CPR Relationship"
2) Light Green denotes "Overlapping Higher Value CPR Relationship"
- RED
3) Dark Red denotes "Lower Value CPR Relationship"
4) Light Red denotes "Overlapping Lower Value CPR Relationship"
- GREY
5) Denotes "Outside Value CPR Relationship"
- YELLOW
6) Denotes "Inside Value CPR Relationship"
This is a very basic tool created to identify Strength, Momentum and Central Pivot Relationship (CPR) across different timeframes so that the user is able to identify the broader aspect of the stock in a single frame and thus can execute his trading skills with optimum efficiency.
This indicator will be updated with time and depending on community's feedback and requirements.
Credits -
- Mr. Frank Ochoa (Concepts and ideas from the book 'Secrets of PivotBoss' )
- TradingView (Providing a platform to traders to simply their trading through 'PineScript')
Regards,
Mukkull
Developing
Developing Pivot Range [Swastik]This is the developing cpr indicator made by Swastik.
It shows how the cpr is developing as the day is progressing.
The colour of the range is red when tc is below bc and green when tc is above bc .
While calculating the value of cpr , the high is the high from starting of the session and low is the low from starting of the session till that specific candle.
This also shows that the trend is developing.
If the colour is red and the range starts widening, it means downtrend has started to develop and
when the colour is green and range starts widening, it means uptrend is developing.
Hancock - Pivot RangeShows central pivot point and developing central pivot point and colors both pivot ranges based on pivot criteria without using security function calls.
Green - Indicates up trend
Red - Indicates down trend
Orange - Indicates pivot point territory
Happy trading
Hancock
Live Mini Terminal 5 : MSCI Emerging Countries Change DataThis script displays relative data changes occurring in the adjustable period and/or adaptive automatic period in MSCI Emerging Countries against U.S Dollar.
Concept and design were inspired by the data terminals used by commercial traders.
Period selection can be set in the menu.
This script uses the adaptive period algorithm used by Autonomous LSTM and Relativity scripts.
Or you can set the period manually from the menu.
For more information about adaptive period:
This script works only for 1 day (1D) and 1 week (1W) time frames.
The most efficient time frame is 1 week (1W) because of countries' different time-zones .
Features
Value changes on a percentage basis (%) .
10-year government bond yields of the countries are given in the information panel.
In the information panel, the percentage values of the 10-year interest rates of the countries according to the adaptive period or the standard adjustable period are given.
INSTRUMENTS
DXY : U.S Dollar Index
BRL : Brazilian Real
CNH : Off-Shore Chineese Yuan (RMB)
INR : Indian Rupee
IDR : Indonesian Rupiah
RUB : Russian Ruble
TRY : Turkish Lira
MXN : Mexican Peso
ZAR : South African Rand
TWD : Taiwan New Dollar
PLN : Polish Zloty
Info Panel
NOTE :
* In Mexico and Russia, 10-year bond yields were not taken into account as there was no correct provision.
If data added to the site, it will be added to the system and updated.
Info Panel List
US10Y : US Government Bonds 10 Year Yield (%) and percentage change over the specified period.
BR10Y : Brazil Government Bonds 10 Year Yield (%) and percentage change over the specified period.
CN10Y : China Government Bonds 10 Year Yield (%) and percentage change over the specified period.
IN10Y : India Government Bonds 10 Year Yield (%) and percentage change over the specified period.
ID10Y : Indonesia Government Bonds 10 Year Yield (%) and percentage change over the specified period.
NZ10Y : New Zealand Government Bonds 10 Year Yield (%) and percentage change over the specified period.
TR10Y : Turkey Government Bonds 10 Year Yield (%) and percentage change over the specified period.
SA10Y : South Africa Government Bonds 10 Year Yield (%) and percentage change over the specified period.
TW10Y :Taiwan Government Bonds 10 Year Yield (%) and percentage change over the specified period.
PL10Y :Poland Government Bonds 10 Year Yield (%) and percentage change over the specified period.
USAGE
The script can be used as an indicator by putting it under the chart as shown above.
It is necessary to enlarge to see clearly.
Since it is not often looked at,such use is the best method for healthy interpretation.
Regards.