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Pivotlow

Pivot Highs&lows: Short/Medium/Long-term + Spikeyness FilterShows Pivot Highs & Lows defined or 'Graded' on a fractal basis: Short-term, medium-term and long-term. Also applies 'Spikeyness' condition by default to filter-out weak/rounded pivots ES1! 4hr chart (CME) shown above, with lookback = 15; clearly identifying the major highs & lows on the basis of how they are fractally 'nested' within lesser Pivots. -- in the above chart Short term pivot highs (STH) are simply represented by green 'ʌ', and short-term pivot lows (STL) are simply represented by orange 'v'. //Basics: (as applying to pivot highs, the following is reversed for pivot lows) -Short term highs (STH) are simple pivot highs, albeit refined from standard with the 'spikeyness' filter. -Medium-term highs (MTH) are defined as having a lower STH on either side of them. -Long-term highs (LTH) are defined as having a lower MTH on either side of them. //Purpose: -Education: Quick and easy visualization of the strength or importance of a pivot high or low; a way of grading them based on their larger context. -Backtesting: use in combination with other trading methods when backtesting to see the relative significance and price sensitivity of LTHs/LTLs compared to lower grade highs and lows. //Settings: -Choose Pivot lookback/lookforward bars: One setting, the basis from which all further pivot calculations are done. -Toggle on/off 'Spikeyness' condition to filter-out weak/rounded/unimpressive pivot highs or lows (default is ON). -Toggle on/off each of STH, MTH, LTH, STL, MTL, LTL; and choose label text-styles/colors/sizes independently. -Set text Vertically, horizonally, or simply use 'ʌ' or 'v' symbols if you want to declutter your chart. //Usage notes: -Pivots take time to print (lookback bars must have elapsed before confirmation). Fractally nested pivots as here (i.e. a LTH), take even longer to print/confirm, so please be patient. -Works across timeframes & Assets. Different timeframes may require slightly tweaked lookback/forward settings for optimal use; default is 15 bars. Example usage with just symbolic labels short-term, med-term, long-term with 1x, 2x and 3x ʌ/v respectively:
Pine Script™ indicator
by twingall
20
Filter-Out Weak Pivot highs/lows, Swing highs/lows: MethodJust a simple indicator for refining the standard method of finding Pivot highs & Lows; Allowing user to filter-out weak/flat/rounded Pivot highs/lows -Aim of this is to get pivot highs & pivot lows coded to print more in line with what the eye would naturally be drawn to as an obvious pivot high/low. -This uses local moving average around the pivot high/low together with user-input ATR multiple, to create a condition for filtering out lacklustre pivot highs/lows. -Thought i'd publish this separately as a tool that other coders might find useful. //inputs// ~adjust looback/lookforward for Pivot highs/lows ~adjust 'spikiness' index to filter out less impressive pivot highs/lows (higher number = more selective)
Pine Script™ indicator
by twingall
19
Consecutive Unswept Lower Highs/ Higher Lows CounterCounts consecutive Lower Highs and Higher Lows; number resets to zero when previous pivot high or low gets swept -To help give an idea of when a retracement / run-on-stops may be overdue. i.e. the higher the counter number grows, the longer we've gone without a proper retracement. //inputs// ~pivot lookback/lookforward: increase this for more significant pivot highs and lows. ~number of pivot high 'counter' labels (pairs) to show in history. ~formatting options.
Pine Script™ indicator
by twingall
9
MTFT VWAPs Auto AnchoredMulti Time Frame Tools Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier. All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized. Longer TF analysis. Yearly - Black Semi-Annual - Yellow Quarterly - White Monthly - Maroon Weekly - Royal Blue Daily - Lime Shorter TF analysis. 4 hour - Fuchsia 1 hour - Orange 30 min - Red 15 min - Brown 10 min - Purple 5 min - Lilac All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu. Recommended Chart Color Layout I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors. -> Click on the settings wheel on your chart. -> Click on “Appearance”. Background - Solid -> On the top row pick the 6th color from the left. Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left. You may of course change these and the indicator line colors as you like. Adding indicator to Chart -> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart. MTFT VWAPs Auto Anchored The Anchored Volume-Weighted Average Price, Anchored VWAP, is a commonly discussed FinTwit tool. I personally found it through Brian Shannon on Twitter. I have seen big FinTwit accounts solely focus on this strategy alone and have seen other big FinTwit accounts mix with their other indicators. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master. The script has the following features. 1. Three user selected time frames auto anchored VWAPS. It will auto anchor to the start of the timeframe. Timeframes(TF) include: Yearly(Y), Semi-annually(S), Quarterly(Q), Monthly(M), Weekly(W), Daily(D), and 4 hour. Image below shows the D candlestick as the active timeframe, the anchored VWAPs for the Year, Quarter, and Month. 2. Auto hide lower timeframe calculations. Auto Hide feature will hide smaller TF calculations when a larger timeframe is selected as the display TF. Example, when the Daily timeframe candlestick selected the Weekly and Daily Anchored VWAPs are hidden because they produce very noisy results. If a lower TF is selected such as the 30 min candlestick, the previously hidden Daily and Weekly Open Anchored VWAPs are now displayed. Notice that this specific indicator calculates different with every different timeframe that is selected. The lower TF calculations are more accurate as they include additional information. Image below shows the 30 min timeframe selected with the Daily, Weekly, and Monthly Open Anchored VWAPs displayed. 3. Auto Anchor using Pivot High/Low locations. Script finds the pivot highs/lows with a user selected look back/forward period. Additionally, as new pivot highs/lows appear you can choose to keep up to 4 each previous pivot high/low anchored VWAPs displayed. Image below has a 40 look back/forward period selected, and 2 past AVWAPs enabled. You may notice in the above image that there is a gap between the AVWAP plot and the marked pivot point. This is not something that can be avoided as the script has to look forward in order to verify the pivot. The calculation is still correct, this can be verified by manually adding an “Anchored VWAP” drawing and seeing the values align. Image below shows that they match. White lines are the manually added “Anchored VWAP” drawings. If you verify this for yourself, make sure to select the correct input source in the settings of the drawing. 4. Auto Anchored on IPO High/Low. Looks for the first available candlestick in a chart and anchors to the high and low. This is useful with newer companies with recent IPOs. IMPORTANT NOTE to TradingView admin: One of the lessons I would consider most important in attaining clarity regarding trading, is “TheStrat” by Rob Smith. His lesson on “actionable signals” is something that can be applied to any strategy. For this reason, I am including “MTFT TheStrat Patterns Pro” script in all images that will depict confluence for a better trade selection. Example using TheStrat Pro MTFT with this indicator. Look for a “TheStrat actionable signal” or a “TheStrat Reversal signal” on a smaller timeframe that has an instance of this indicator on a larger timeframe calculation that is in range of the candlestick that formed your actionable signal. This means that the indicators plot you are observing must be above the low and below the high of the candlestick that is the actionable signal/reversal signal. The Image below shows what this would look like with this indicator. The selected candlestick is the 2-day, it shows a 1-3-1 pattern and the Quarter Anchored VWAP in range. This actionable signal could be played in both directions. If the high is breached, you would enter a long position from the high of the inside candlestick. If the low is breached than you would enter a short. For targets you would look at the previous pivots, for this example all targets were hit. Note that the “Entry” and “Targets” line were added manually and are not part of the script. Setups won’t always play out so nice and clean, but given that there is so many stocks and so many signals this is just a thought to improve the quality of the signal as it has extra confluence. If you are interested in learning further, research ‘TheStrat’ by Rob Smith.
Pine Script™ indicator
by Multi_TF_Tools
1
Titans Trend LinesThis indicator will plot trend lines based on recent pivot highs and lows. The pivot sensitivity level may be customised under the indicator settings. The pivot highs and lows are identified by 'H' and 'L' markers. Through the indicator, a purple dotted line connects the last two pivot highs and another purple dotted line connects the last two pivot lows. These lines are extended to the left and right beyond the connected points. If a new trend line has developed due to the formation of a new pivot high or low, the last trend line will be grayed to help with referencing. The user is advised to use this indicator at his own risk.
Pine Script™ indicator
by mmmarsh
2
Camarilla Pivots - Signals, Alerts, TP and SL by Tech Store OnThis is a Camarilla Pivots indicator script, which will show signals, take profit and stop-loss on the chart with alerts based on Camarilla Pivot strategies: LONG signals: S5 > S4, TP1: S4, TP2: S3, TP3: R3 SL: Manual | S3 > R3, TP1: R3, TP2: R4, TP3: R5, SL: S4 | R4 > R5, TP1: R5, SL: R3 SHORT signals R5 > R4, TP1: R4, TP2: R3, TP3: S3, SL: Manual | R3 > S3, TP1: S3, TP2: S4, TP3: S5, S4 > S5, TP1: S5, SL: S3 Mainly, the script is based on the pivot levels and price action. The script will trigger a signal if a supporting direction candle breaks or bounces at certain pivot, triggering a direction of the potential trade with the next pivot serving as a Price Target area, each signal will potentially wait for 3 Price Target areas and if they happen will show each on chart. An opposite direction pivots are used as a Stop Loss, which the indicator will show on the chart. If stop-loss will be hit, the script will not show take profit areas considering the trade is closed with a loss. Same way if take profit area 1 is reach, it is considered that SL is moved to Entry and therefore the script will no longer show stop-loss for that trade. This indicator was mainly tested via 15min timeframe, but feel free to try different timeframes as the concept is the same. This strategy was extensively manually tested, trade by trade, with S&P 500 ETF 15min timeframe, for back-testing results for the whole 2021 year (this is simply if you would LONG/SHORT stocks, don’t forget that if you trade Options, there is also Theta present (options price decay over time), the win rate is: 86.12% *** If a trade was uncertain > it was marked immediately as stop-loss *** A position was always closed at the end of the day no matter what (profit/loss) Config: Alerts need to be set for each signal, take profit and stop-loss, it is pretty much self-explanatory, just right click the chart, select “Add alert” > next to Conditions select “Camarilla Pivot…”, for each trade signal and stop-loss, make sure it is “Once per Bar Close” and for each take-profit make sure it is “Once Per Bar”. Stop-losses are confirmed price breaks, while take-profits – we just need to touch those pivots. Config: By Default, indicator signals are given during regular BEST (after 3PM ET – it’s power hour, which often is unpredictable + market will be closing soon) US standard market hours: 9:30AM-3PM ET, take profit and stop-losses by default are set to 9:30AM-4PM ET (US standard market hours. Both can be adjusted via Inputs. If you wish for the signals/take profit and stop-losses to be tracked 24/7 > choose the “EMPTY” space for both. Config: Number of candles/bars to track back for opened positions is the number of Candles/Bars tracked back for each position. You can change this setting as it relates to timeframe versus trading style (day trading/swing), play around to find your best settings, by default it’s 13, which is best for day trading/15M timeframe. Please note: if position takes “too long” to reach TP or SL, it may not show TP or SL, so you need to keep an eye on this. It is best to use slightly lower number for day trading, because otherwise if you receive the same signal more than twice during the day > it will not show TP or SL for the second/third/etc. position. This is custom for you to change though, so if you want longer position tracking for the day, choose: 26 candles (this is the amount of 15M candles during the day), but keep in mind that for second/third position > it may not show you the TP1/SL. Config: The table showing positions will show current open position on the bottom cell if position is opened per indicator, you can move or even hide this table in the indicator settings. (Please note: this is decorative thing and sometimes may show a position open, which is not actually open, especially when the market is not currently open). Tip: Note: if pivots are too far away from each other and there is either big profit already or another support/resistance indicator (VWAP, SMA, support & resistance levels, etc.) – it is wise to take some profit off and move SL to Entry to secure profits in case market decides to turn around. This is especially wise if you trade Options as they include Theta (options price decay over time). Please note: back-test results displayed above were done without VWAP. Tip: R5 > R4 and S5 > S4 are riskier signals as there are no pivots above/below for the SL, the script does not have a built-in stop-loss level/indicator for these, so you will need to manually set your stop-losses for these signals. Last day pivots often can help with this or simply use most recent support & resistance levels. Tip: If trading S&P: be careful opening positions near 3PM ET, as during the “power hour” – 3-4PM ET > volatility increases and direction of the price becomes much more unpredictable. Similar: if you are in profit, it is wise to close the majority of your position at 3PM ET, before the “power hour” starts. Tip: Very conservative trading approach: after signal happens, wait for a bounce back (price going back touching the pivot) and open position right there, that way > SL will be smaller and better risk/reward ration. Tip: There is no limit on how many signals the script will show if it meets the conditions (in case you miss one of the signals and conditions repeat > you can still get into decent trade at next signal if it matches the condition). Note1: if candle closes crossing/breaking several pivots at the same time and that same candle will touch take profit pivot – the script is configured to minimize showing/alerting signals/TP/SL for such conditions, so that you don’t get a very dirty chart / spammed with alerts, however sometimes it may or may not show signals and/or take profits/losses incorrectly. Overall, when you see such huge candles, it means that market volatility is bigger than usual, so a caution should be practiced. Note2: If the signal candle almost nearly touches the first take profit area > it’s best not to open a position (you literally opening it at the first take profit pivot, and it may bounce the other way from that same pivot). Note3: You may sometimes see take profit/stop-loss indicators in the beginning of the day or simply when pivot levels change, this is due to script registering the position open per old pivot levels and then show you take profit/stop-loss per new pivot levels.
Pine Script™ indicator
by tso_trade
22
Pivot Points High Low Multi Time FrameHello All, There are built-in and published Pivot Point High Low indicators in Public Library but as far as I see none of them is for Higher Time frames. so I decided to write & publish this script. I hope it would be useful while trading or developing your own scripts. I also did this to use in one of my future projects (we will see it in a few weeks/months ;) ). I tried to make all settings optional, so you can play with them as you wish. P.S. There is no control mechanism if the chart time frame is lower than the time frame in the options. So you better set higher time frame in the options than the chart time frame. Enjoy!
Pine Script™ indicator
by LonesomeTheBlue
101
Weekly Returns with BenchmarkSome time ago I published Monthly returns table. Now It's time for weekly one. To get it work you need a pretty big screen, but I hope it will be useful for some of you. Features of this table includes: Display weekly returns of your strategy, benchmark, and alpha over this benchmark. Select benchmark to be another instrument Select the date from which you want to compute monthly returns Show/hide benchmark and alpha Choose colors for gradient for gain/loss values Use it with any type of strategy Use it with replay Thanks to @MUQWISHI to help me coding it. It's not about the strategy itself but the way you display returns on your chart. So pls don't critique my choice of the strategy and its performance 🙂 Disclaimer Please remember that past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting. This post and the script don’t provide any financial advice.
Pine Script™ strategy
by QuantNomad
13
Support and Resistance Lines [Swastik]This indicator plots support and resistance lines automatically on the basis of the pivots created by the swings in the market. You can increase the swing sensitivity if you want it to detect only larger swings. There is a range drawn around the support and resistance lines based on the volatility of the market. This works on every timeframe and the lines are drawn on the basis of swings in that timeframe . This does not repaints and you can use it freely.
Pine Script™ indicator
by swastiksaha
1
poopivs [ULTIMATE PIVOT HIGHS AND LOWS]Big thanks to @LudaCode for the missing pivots script. Carried my dumpy trucky badoinkadoink. This is an elevated pivot script that follows the 3 candle pivot rule (strictly) and does not miss pivots like williams fractals. Missing pivots marked by transparent circles are derived pivots, giving you a higher resolution for price action. Colored bars show potential problem areas for pivots (drawing zigzags in particular) and indicate a pivot high and low on the same candle. Will potentially upgrade this script to include auto zig zags, trend, and intermediate highs and lows finder. Let me know if you have any suggestions ideas in the comments. Best, P
Pine Script™ indicator
by pompiht
2
ABCD StrategyOne from many harmonic pattern that consists of two equivalent price legs. The ABCD pattern that helps traders predict when the price is about to change direction. Tracing And Calculation This code using pivot high and pivot low built-in method and calculate with Fibonacci Retracement. Limitation To find ABCD pattern is very difficult, just coming up a few from thousand candle. That why this code using little bit tolerance ratio to get more pattern.
Pine Script™ strategy
by kerok3g
5
Swing Pivots High LowBINANCE:BTCUSDT This indicator is an opensource merge of the built in 'Pivot Points High Low' and the most popular 'Swing-high-low-support-resistance' indicators. The original 'Pivot Points High Low' does not have extensions with better visibility, while the most popular 'Swing-high-low-support-resistance' has no source available. I've also added additional configurable alert conditions for Pivot High and Low Crossover/Crossunder. Please read the official documentation for further information about the indicator.
Pine Script™ indicator
by Vortus
9
Marked Highs/Lows - Support & ResistanceThis indicator mimics the functionality of marked highs/lows in MarketSmith, a charting tool available from Investor's Business Daily. Marked highs/lows, sometimes referred to as pivot highs/lows, can be used to locate areas of support and resistance. These same points can also be helpful when drawing trendlines and channels. I've added several customization options that add to the flexibility and overall usefulness of this technical indicator. Custom Ranges for Marked Highs/Lows In MarketSmith, a marked high is the highest high going back nine bars and forward nine bars. The number of required bars with lower highs on each side of the high is referred to as the period. The default for the indicator is a nine bar period, however, you can configure the period to fit with your trading style. View Marked Highs/Lows on Any Timeframe MarketSmith only supports marked highs/lows on daily charts. With this indicator you can view marked highs/lows on any timeframe. Suggestions ■ Draw horizontal rays from the most recent marked high and low to help visualize areas of support and resistance. ■ Create a channel to show the current trading range. Draw a trendline across marked highs and a separate trendline across marked lows. ■ Increase the marked high/low periods to find more significant highs and lows.
Pine Script™ indicator
by JohnMuchow
69
Cumulative Pivot HighLowThis indicator counts number of higher highs/lows and number of lower highs/lows and calculates trend based on that. Indicator line shows (sum of higher highs/lows - sum of lower highs/lows) derived from last loopback periods. Indicator is green if last two consecutive highs/lows formed are on higher side. Red if on lower side. (Consecutive numbers can be controlled by parameter direction_threshold ) combineHighsAndLows if unselected shows not cumulative version but last consecutive highs and lows marked in red or green according to the trend.
Pine Script™ indicator
by Trendoscope
2
Auto Support Resistance [Free]This is for free version. full version will come later with "invite only" soon. (this free version may have some limited things.) ------------------ This show support line, and resistance line. moderately! and beautiful way! also proper trend line. you cannot see source code, but it doesnt have any secret formula. It use just pivot function. ( i just wanna keep my design tech. ) it has 3 type line. 1. horizontal. yellow. default pivot size is 15 2. connection of top(peak, blue). pivot size 10 3. connection of bottom(green). pivot size 10 you can change pivot size. it has one speical option about volume. if the bottom has too small volume, it cannot be starting point. if you want every bottom can be starting point, you can turn off the option. each point has name like H6, G8. this name help you to talk with someone about the point, sharing the infomation. that name is base on the time of candle (it mean it is not randome). so in your friend chart(screen), the point has same name. ========================================= 한글 설명. 이 지표는 무료 버전입니다. 기능 제한이 없는 정식 버전은 '인바이트 온리'로 나올 예정입니다. (지금의 버전은 기능제한이 발생할 수 있습니다.) 아름답게 절제된, 그리고 적절한 추세선들을 자동으로 보여줍니다!!! 소스코드를 볼 수 없지만, 추세선을 결정하는 비밀 수식 같은 것은 없습니다. 오직 pivot피봇 함수만을 사용하여 고점과 저점을 찾고 있습니다. 선은 3가지가 있습니다. 1. 고점을 연결한 선. 파란색. 기본 피봇 10 2. 저점을 연결한 선. 녹색. 피봇 10 3. 고점 또는 저점의 수평선. 노란색. 피봇 15 특별한 기능이 하나 있는데, 볼륨이 낮은 저점은 녹색선의 시작점이 되지 못하게 하는 기능입니다. 이 기능은 옵션에서 끄거나, 정도를 조절할 수 있습니다. 각 고점 저점은 H4, G8 같은 이름을 가지고 있습니다. 이 이름은 여러분이 차트분석을 올리거나 친구와 차트에 대해 대화를 나눌 때 유용하게 쓰일 수 있습니다. 이 이름은 캔들의 시간값을 이용하며 (무작위로 지어진게 아니라는 의미), 그래서 친구의(모두의) 화면에서 같은 이름을 보여줍니다. 점선은 확장선이며, 기본은 30, 최대 55까지 늘릴 수 있습니다. (너무 늘리면 화면이 복잡해집니다.) 가장 최근의 고점과 저점 수평선은 무한대의 길이를 가집니다. 그 외의 수평선은 적당한 길이로 조절되어 출력됩니다. 간혹 3개의 선으로 나뉘어 보이거나 투명도가 변하곤 하는데 이는 특별한 의미를 보이려는 것이 아닙니다. 트레이딩뷰 파인스크립트의 한계로 인한 현상입니다.
Pine Script™ indicator
by ducksjc
104
Donchian Channel - Pivot High-LowCombining Pivot High Low and Donchian Channel - both of which are useful indicators for trend following. Donchian Channel shows highest and lowest prices for X number of bars. Pivot High-Low identifies when price made new Highs and Lows Applying Donchian Channel on Pivot High-Low channel, we are plotting highest and lowest pivots formed in X bars. In this indicator, we have 3 options for Channel Base : Price : This is regular Donchian channel based on High-Low Price Pivots : This is Donchian channel based on pivot points. Combined : Combines both. Takes highest of Price and Pivots for plotting high, lowest of Price and Pivots for plotting low
Pine Script™ indicator
by Trendoscope
5
Pivot Support and Resistance Finder [JV] V2Dear Traders, This script is a follow-up to my previous Pivot Support and Resistance Finder. After so many positive feedback, for which I thank you all, I started rebuilding it to implement some requested features. The biggest change is that by default, the indicator now shows zones instead of lines. Support Zone: from low to close Resistance Zone: from close to high I removed the 5 lines, instead showing the most recent levels and the forming (fast) levels. However, if you change the occurrence in the options, you can still see previous levels: 0 = Current Level 1 = Previous Level 2 = Level before the Previous Level ... More important configurable options: Pivot Length Pivot Quick Length (used to draw forming levels Option to draw using bar closes, wicks or both (area) Hide / Display to forming level Show past levels. I hope this is clear enough. For any questions, remarks, suggestions, feel free to contact me. Happy Trading!
Pine Script™ indicator
by jurlvarg
1
Pivot Support and Resistance Finder [JV] V1Hi Traders. This is my first attempt of writing an indicator. Let me start by saying I could never have done this without lmatl and WMX_Q_System_Trading who were and are an incredible source of inspiration. This indicator shows horizontal Pivot Support and Resistance . It draws up to 4 horizontal lines extending to the right from and adds labels to High and Low Pivot Candles . It also draws the Support / Resistance that is currently forming. You can select the number of lines on the current timeframe. There are some options in Settings: Current timeframe pivot settings Show and hide levels of the current timeframe Change colors Extend Lines Any suggestions are more than welcome! I also welcome donations, no matter how small ;-)
Pine Script™ indicator
by jurlvarg
16
Floor Trader Pivots Levels 7-9Are you all-in using Floor Trader Pivots for your day trading career and want even MORE levels for the most unusual market circumstances? Well, this add-on should cover even the wildest of days. TradingView has a limit of only showing the published indicator in the screen capture, so here is the above BTCUSD Trading Day with my Levels 4-6 add-on included. Send me a private message for information on pricing and access. Happy Trading!!!
Pine Script™ indicator
by josh_kaprun
2