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Pivot points and levels

Grid Bot v6 StrategyGrid Bot v6 Strategy Adaptive parabolic grid that turns market structure into a step-by-step trading plan Idea of strategy and source code of base indicator provided by my subscriber @Sergio_Nov 1. Core concept Grid Bot v6 draws a dynamic parabola from a user-defined time/price anchor and builds a 10-level grid around it (five lines above, five below). Each level is colour-coded: Green – preferred buy area Red – preferred sell area Yellow – overlap of buy-and-sell zones (balance) Grey – neutral zone Orders are fired when price touches or reverses from a grid line and the signal is confirmed by current market sentiment. If sentiment contradicts the signal, the order is tagged secondary and uses a reduced lot size. 2. How the logic works Parabola – the function f_parabola computes the curve from Accel, Curve and Sensitivity. Zero values give a flat horizontal grid; non-zero values create an accelerating or decelerating trendline. Grid spacing – controlled by Intervals (percentage of price). Lines are recalculated every bar, so the grid “breathes” with the market. Triggers – choose which part of the candle must reach the level (Wick, Close, Midpoint, SWMA). Confirmation – decide whether a simple touch is enough or a full reversal is required (Touch vs Reverse). Sentiment filter – by default the slope of the parabola (up = long bias, down = short bias). You can override it to Long, Short or Neutral. Order types – four independent sizes: Main Buy, Secondary Buy, Main Sell, Secondary Sell. Pyramiding up to 100 entries is allowed. Visuals – the script plots actual and projected grid lines (100 bars ahead), the SWMA trigger and the parabola itself. Trade symbols: ▲ ▼ △ ▽. 3. User inputs Strategy Settings Main Buy Lot / Secondary Buy Lot Main Sell Lot / Secondary Sell Lot Grid Settings Accel – tilt of the curve (positive for uptrend, negative for downtrend) Curve – concavity; higher absolute value = stronger bend Intervals – distance between grid lines (in %) Sensitivity – how fast the parabola adapts; higher = more reactive Buy Zones / Sell Zones – number of active lines below/above the curve Trigger – Wick, Close, Midpoint, SWMA Confirm – Touch or Reverse Sentiment – Slope, Long, Short, Neutral Show Signals / Show Selector – toggle on-chart markers and SWMA line Chart Settings – individual colours for active grid, projection, parabola and SWMA. Time/Price Anchor B_Time – starting bar (e.g. a recent swing high/low) B_Price – price at that bar Tip: drop the anchor on a clear pivot, then tune Accel and Curve so the parabola hugs the trend. 4. Quick-start guide Open your favourite symbol and timeframe (works best on volatile markets from 5-minute to 4-hour). Set B_Time / B_Price to the last significant extreme. Adjust Accel and Curve: Uptrend – positive Accel, negative Curve for a concave support. Range – both zero for a flat ladder. Choose Intervals: smaller values = more frequent trades. Limit Buy Zones and Sell Zones if you prefer a tighter grid. Run a back-test, check P/L, max drawdown and trade count. Fine-tune: lower Sensitivity if the curve outruns price; switch Trigger to SWMA to filter noise. 5. Pros and cons Strengths Adaptive levels that keep up with trend acceleration. Clear colour coding plus forward projection for better context. Sentiment filter reduces counter-trend exposures. Weaknesses Many parameters – each asset/timeframe needs its own calibration. In narrow ranges frequent fills can accumulate fees. pyramiding = 100 grows exposure quickly; monitor margin closely. 6. Risk disclaimer This script is for educational and research purposes only. Historical performance does not guarantee future results. Before going live: Forward-test bar-by-bar; Check that your broker supports similar order handling; Apply sound position sizing and, where appropriate, stop-losses or hedging.
Pine Script® strategy
by RezzoRedPriest
MT Daily ZonesMT Daily Zones A precision market structure tool from Mindfluential Trading, combining daily CPR, PDH/PDL zones, EMAs/SMAs - all optimized for intraday traders. 🔹 Core Features 🔵 CPR (Central Pivot Range) Plots Pivot, TC, and BC from the previous day Helps define the market's fair value zone and compression/breakout areas Royal blue color ensures clarity on both light and dark themes 🟠 PDH / PDL Zones Accurately plots Previous Day’s High and Low Useful for breakout scalps, reversal traps, and trend continuation setups 🟢 Smart Trend Filters Toggle EMAs (8, 20, 50) and SMAs (50, 100, 200) Smooth color-coded display for dynamic trend alignment ✅ Clean Visuals. Real Structure. No Clutter. ⚠️ Disclaimer This indicator is for educational purposes only. Do your own research before making trading decisions. May 27 Release Notes MT Daily Zones A precision market structure tool from Mindfluential Trading, combining daily CPR, PDH/PDL zones, EMAs/SMAs - all optimized for intraday traders. 🔹 Core Features 🔵 CPR (Central Pivot Range) Plots Pivot, TC, and BC from the previous day Helps define the market's fair value zone and compression/breakout areas Royal blue color ensures clarity on both light and dark themes 🟠 PDH / PDL Zones Accurately plots Previous Day’s High and Low Useful for breakout scalps, reversal traps, and trend continuation setups 🟢 Smart Trend Filters Toggle EMAs (8, 20, 50) and SMAs (50, 100, 200) Smooth color-coded display for dynamic trend alignment ✅ Clean Visuals. Real Structure. No Clutter. ⚠️ Disclaimer This indicator is for educational purposes only. Do your own research before making trading decisions.
Pine Script® indicator
by mindfluential_trading
Rolling VWAP LevelsRolling VWAP Levels Indicator Overview Dynamic horizontal lines showing rolling Volume Weighted Average Price (VWAP) levels for multiple timeframes (7D, 30D, 90D, 365D) that update in real-time as new bars form. Who This Is For Day traders using VWAP as support/resistance Swing traders analyzing multi-timeframe price structure Scalpers looking for mean reversion entries Options traders needing volatility bands for strike selection Institutional traders tracking volume-weighted fair value Risk managers requiring dynamic stop levels How To Trade With It Mean Reversion Strategies: Buy when price is below VWAP and showing bullish divergence Sell when price is above VWAP and showing bearish signals Use multiple timeframes - enter on shorter, confirm on longer Target opposite VWAP level for profit taking Breakout Trading: Watch for price breaking above/below key VWAP levels with volume Use 7D VWAP for intraday breakouts Use 30D/90D VWAP for swing trade breakouts Confirm breakout with move beyond first standard deviation band Support/Resistance Trading: VWAP levels act as dynamic support in uptrends VWAP levels act as dynamic resistance in downtrends Multiple timeframe VWAP confluence creates stronger levels Use standard deviation bands as additional S/R zones Risk Management: Place stops beyond next VWAP level Use standard deviation bands for position sizing Exit partial positions at VWAP levels Monitor distance table for overextended moves Key Features Real-time Updates: Lines move and extend as new bars form Individual Styling: Custom colors, widths, styles for each timeframe Standard Deviation Bands: Optional volatility bands with custom multipliers Smart Labels: Positioned above, below, or diagonally relative to lines Distance Table: Shows percentage distance from each VWAP level Alert System: Get notified when price crosses VWAP levels Memory Efficient: Automatically cleans up old drawing objects Settings Explained Display Group: Show/hide labels, font size, line transparency, positioning Individual VWAP Groups: Color, line width (1-5), line style for each timeframe Standard Deviation Bands: Enable bands with custom multipliers (0.5, 1.0, 1.5, 2.0, etc.) Labels Group: Position (8 options including diagonal), custom text, price display Additional Info: Distance table, alert conditions Technical Implementation Uses rolling arrays to maintain sliding windows of price*volume data. The core calculation function processes both VWAP and standard deviation efficiently. Lines are created dynamically and updated every bar. Memory management prevents object accumulation through automatic cleanup. Best Practices Start with 7D and 30D VWAP for most strategies Add 90D/365D for longer-term context Use standard deviation bands when volatility matters Position labels to avoid chart clutter Enable distance table during high volatility periods Set alerts for key VWAP level breaks Market Applications Forex: Major pairs during London/NY sessions Stocks: Large cap names with good volume Crypto: Bitcoin, Ethereum, major altcoins Futures: ES, NQ, CL, GC with continuous volume Options: Use SD bands for strike selection and volatility assessment
Pine Script® indicator
by mindyourbuisness
Opening Range Breakout (15 mins Range)Take the guesswork out of your trading with the Opening Range Breakout Pro script. This tool automatically marks the high and low of the first 15 minutes of the NYSE session, then highlights the first candle to break out above or below this range—removing ambiguity from your trade entries. The opening range is one of the most powerful concepts in day trading. By identifying the price range set during the market’s first minutes, you gain a clear framework for your trades. When price breaks out above the range, it often signals a strong bullish move; a break below signals bearish momentum. This script visually marks these moments, so you can react quickly and confidently. Why use Opening Range Breakout Pro? • Defined Entry and Exit Points: The script gives you clear, objective breakout levels—no more guessing when to enter a trade. • Removes Emotional Trading: With visual cues for breakouts, you can follow a systematic approach and avoid hesitation or FOMO. • Backtested, Time-Tested Strategy: The opening range breakout has been used by professional traders for decades to capture early trends and maximize profit potential. • High Reward Potential: By capitalizing on the volatility and momentum of the opening session, traders often catch the best moves of the day. • Easy to Use: Just add to your chart—no configuration needed. The script works on any NYSE stock, on a 5-minute chart. How it works: • Draws the opening 15-minute high and low as orange lines. • Labels the range prices for quick reference. • Marks the first candle to close above the range with an orange ▲, and the first to close below with an orange ▼. Take control of your trading day, remove uncertainty, and trade with confidence—just like the pros.
Pine Script® indicator
by AhmedSalahuddin
Liquidity Zones (JTS)Title: Liquidity Zones (JTS) Description: This script marks out key liquidity zones using pivot highs and lows. It includes: Buy-Side Liquidity (Highs): Shown in red lines Sell-Side Liquidity (Lows): Shown in green lines Sweep Protection: Zones will only be removed after a defined number of bars AND a true sweep beyond the level Toggle Controls: Enable/disable highs or lows individually Adjustable Settings: Pivot length, sweep delay, max lines, and colors Perfect for traders looking to track untapped or recently swept liquidity. Created by JTS For educational and strategic use
Pine Script® indicator
by davidrobbinson809
1
Auto LevelsAutomatically paints open, high, low, and close levels from previous periods. RTH data only in traditional cash markets. Previous periods included are: - Day - Week - Month - Quarter - Year. Customization options allow for: - Enabling/disabling of each type of level for each period - Text size and colors of labels - Colors and styles of lines - Line extension length *Also, there is a close-price ray included. Can be disabled. Creates new levels once they generate, and removes old and outdated levels. The idea is to be transparent about the relevancy of levels and portray them as they generate in time. Full 2-way-ray horizontal lines can appear to give false-reaction data in historical bars from before the level was generated. This can give traders a false sense of importance to a level. Works on any ticker/symbol. Known bugs: ** Open levels distort based on open/closed status in traditional markets. Fix pending. ** Different candle types (Heikin Ashi) distort all open/close level data. Fix pending. ** Line extension doesn't work in closed markets. Fix pending. Message me on twitter for other bug reports.
Pine Script® indicator
by taylorbray
1
Contrarian with 5 Levels5 Levels application was inspired and adapted from Predictive Ranges indicator developed by Lux Algo. So much credit to their work. Indicator Description: Contrarian with 5 Levels Overview The "Contrarian with 5 Levels" indicator is a powerful tool designed for traders seeking to identify potential reversal points in the market by combining contrarian trading principles with dynamic support and resistance levels. This indicator overlays a Simple Moving Average (SMA) shadow and five adaptive price levels, integrating Institutional Concepts of Structure (ICT) such as Break of Structure (BOS) and Market Structure Shift (MSS) to provide clear buy and sell signals. It is ideal for traders looking to capitalize on overextended price movements, particularly on the daily timeframe, though it is adaptable to other timeframes with proper testing. How It Works The indicator operates on two core components: Contrarian SMA Shadow: A shaded region between the SMA of highs and lows (default length: 100) acts as a dynamic zone to identify overbought or oversold conditions. When the price moves significantly outside this shadow, it signals potential exhaustion, aligning with contrarian trading principles. Five Adaptive Levels: Using a modified ATR-based calculation, the indicator plots five key levels (two resistance, one average, and two support) that adjust dynamically to market volatility. These levels serve as critical zones for potential reversals. ICT Structure Analysis: The indicator incorporates BOS and MSS logic to detect shifts in market structure, plotting bullish and bearish breaks with customizable colors for clarity. Buy and sell signals are generated when the price crosses key levels while outside the SMA shadow, indicating potential reversal opportunities. The signals are visualized as small circles above (sell) or below (buy) the price bars, making them easy to interpret. Mathematical Concepts SMA Shadow: The indicator calculates the SMA of the highest highs and lowest lows over a user-defined period (default: 100). This creates a dynamic range that highlights extreme price movements, which contrarian traders often target for reversals. Five Levels Calculation: The five levels are derived using a volatility-adjusted formula based on the Average True Range (ATR). The average level (central pivot) is calculated as a smoothed price, with two upper (resistance) and two lower (support) levels offset by a multiple of the ATR (default multiplier: 6.0). This adaptive approach ensures the levels remain relevant across varying market conditions. ICT BOS/MSS Logic: The indicator identifies pivot highs and lows on a user-defined timeframe (default: daily) to detect structural breaks. A BOS occurs when the price breaks a prior pivot high (bullish) or low (bearish), while an MSS signals a shift in market direction, providing context for potential reversals. Entry and Exit Rules Buy Signal (Blue Dot Below Bar): Triggered when the closing price is below both the SMA shadow (smaLow) and the average level (avg), and the price crosses under either the first or second support level (prS1 or prS2). This suggests the market may be oversold, indicating a potential reversal upward. Sell Signal (White Dot Above Bar): Triggered when the closing price is above both the SMA shadow (smaHigh) and the average level (avg), and the price crosses over either the first or second resistance level (prR1 or prR2). This suggests the market may be overbought, indicating a potential reversal downward. Recommended Usage This indicator is optimized for the daily timeframe, where it has been designed to capture significant reversal opportunities in trending or ranging markets. However, it can be adapted to other timeframes (e.g., 1H, 4H, 15M) with proper testing of settings such as SMA length, ATR multiplier, and structure timeframe. Users are encouraged to backtest and optimize parameters to suit their trading style and asset class. Customization Options SMA Length: Adjust the SMA period (default: 100) to control the sensitivity of the shadow. Five Levels Length and Multiplier: Modify the length (default: 200) and ATR multiplier (default: 6.0) to fine-tune the support/resistance levels. Timeframe Settings: Set separate timeframes for structure analysis and five levels to align with your trading strategy. Color and Signal Display: Customize colors for BOS/MSS lines and toggle buy/sell signals on or off for a cleaner chart. Why Use This Indicator? The "Contrarian with 5 Levels" indicator combines the power of contrarian trading with dynamic levels and market structure analysis, offering a unique perspective for identifying high-probability reversal setups. Its intuitive design, customizable settings, and clear signal visualization make it suitable for both novice and experienced traders. Whether you're trading forex, stocks, or cryptocurrencies, this indicator provides a robust framework for spotting potential turning points in the market. We hope you find the "Contrarian with 5 Levels" indicator a valuable addition to your trading toolkit! Happy trading! Please leave feedback in the comments section.
Pine Script® indicator
by chuckaschultz
Support & ResistanceWhat is this script ? Pivot points are tools used to identify potential support and resistance levels in trading. They are calculated using the previous period’s high, low, and close prices. This script leverages pivot points to plot up to four support levels and four resistance levels, helping traders visualize key price zones. How to Use the Script? Support and resistance levels represent price zones where significant liquidity often exists due to past price interactions. These levels are critical for traders to: Assess Trend Continuation or Reversal: Prices may pause, reverse, or break through at these levels, signaling potential trend changes or continuations. Manage Risk: Support and resistance levels are ideal for placing stop-loss orders or setting profit targets, as they indicate areas where price reactions are likely. Plan Entries and Exits: Traders can buy near support levels, sell near resistance levels, or trade breakouts when prices move decisively beyond these zones.
Pine Script® indicator
by bricevalentin
Volume Zones IndicatorVolume Zones Indicator — VWAP with Dynamic Monthly Volume Zones This indicator is an enhanced version of the classic VWAP (Volume Weighted Average Price), designed to create clear monthly zones around VWAP based on average price range (ATR) and volume activity. The core idea is to highlight key zones where price is more likely to reverse or consolidate, based on where significant trading volume occurs. How does it work? VWAP is calculated over the last N days (set by the lookbackPeriod input). Four zones are plotted above and below VWAP, spaced using a multiple of ATR. Each zone has its own color for clarity: Blue — closest to VWAP Red — second band Green — third band Orange — outer band (potential breakout or exhaustion zone) If the current volume exceeds the moving average of volume, it is highlighted directly on the chart. This helps detect accumulation or distribution moments more easily. What does the trader see? You see horizontal colored bands on the chart that update at the start of each new month. These zones: Remain fixed throughout the month Automatically adjust based on recent volume and volatility Act as dynamic support/resistance levels Best used for: Mean reversion strategies — identifying pullbacks toward value areas Support and resistance mapping — automatic SR zones based on price/volume behavior Breakout filtering — when price reaches zone 3 or 4, trend continuation or reversal is likely Adding volume context to price action — works well with candlestick and pattern analysis Settings Lookback Period (Days): VWAP and volume smoothing length Volume Area Threshold %: Reserved for future functionality Works on any timeframe; best suited for 4H timeframe. Zones are calculated and fixed monthly for clean visual context Combines price structure with actual volume flow for more reliable decision-making
Pine Script® indicator
by hdhddhejehr
QQQ NQ NDX SPY SPX ES Price Convert Overlay _____________________________________________________________________ QQQ NQ NDX SPY SPX ES Price Convert Overlay Indicator ____________________ This 'Prices Overlay' indicator is a minimalist tool for traders who want to track and compare Nasdaq and S&P 500 instruments quickly and clearly, boosting efficiency and decision-making with minimal distraction. How to Use It ____________________ Add the indicator onto your TradingView chart. Adjust your Right Margin in TradingView Settings > Canvas to show as much or as little of the line as you want, based on the "Price Buffer" indicator setting. Select which instruments to overlay (e.g., QQQ, SPX). Adjust levels, buffer, font, transparency, and update interval. Features and Functions ____________________ 1. Automatic Ticker Detection: The indicator identifies the ticker of your current chart (e.g., NQ, ES, SPY). It then shows price levels for related instruments, eg: On an NQ or MNQ chart, it can display QQQ or NDX levels. On an ES or MES chart, it can display SPY or SPX levels. ...and vice versa 2. Adjustable Number of Levels You can choose how many price levels to show, from 10 to 100. This lets you decide how much detail you want based on your trading needs. 3. Visual Customization Price Buffer: Move the lines and labels horizontally closer/further price action. Font Size: Pick from "Tiny," "Small," or "Normal" for label text size. Line Transparency: Adjust the opacity of the lines (0% = solid, 100% = invisible) to blend them with your chart. 4. Support for Micro Futures Works with both regular futures (NQ, ES) and micro futures (MNQ, MES), perfect for traders using smaller contract sizes. 5. Update Frequency Set how often the price levels refresh, from every 5 seconds to every 60 seconds. This keeps the data current without slowing down your chart. 6. Accurate Price Conversion Uses specific multipliers for each instrument (e.g., 100.0 for NDX and SPX, 1.0 for QQQ and SPY) to calculate and display price levels correctly. Fetches real-time prices and converts them to match your chart’s scale. Price conversions courtesy of PtGambler. Benefits ____________________ Easier Analysis: See how prices from different instruments line up on one chart—no need for multiple screens or math. Customizable: Turn on/off instruments and tweak visuals to fit your trading style. Time-Saving: Automates price conversions, letting you focus on trading decisions. Thanks! ____________________ Thank you for your interest in my work. This is something I use every day for my trading and wanted to share it with the public. If you have any comments, bugs, or suggestions, please leave them here, or you can find me on Twitter or Discord. @ ContrarianIRL Open-source developer for over 25 years
Pine Script® indicator
by ContrarianIRL
Prev Week POC Buy/Sell Signals Hi, I’m Edward. I created a straightforward strategy for swing traders (4hr or 8hr timeframe users). This strategy is for traders that are not interested to look at charts all day long, 2 times a day max, but still be profitable. The indicator: Print a buy signal when the price closes above the previous week's Point of Control (POC). Stay in the trade until the price closes below the previous week's POC, then print a sell signal. The indicator calculates the weekly POC using a basic volume profile method, then tracks the previous week's POC for signals. Previous week POC is valid from Monday to Thursday. By close of business on Thursday, the current week trend and POC should be well established and should be used make buy or sell decisions. Enjoy!
Pine Script® indicator
by EDCHATILLON
GCM Heikin Ashi with PivotsTitle: GCM Heikin Ashi with Pivots Description: Overview This indicator provides a powerful combination of trend visualization, precise reversal signals, and volume confirmation in a clean, customizable sub-chart. It is designed to help traders identify trend momentum using Heikin Ashi candles, pinpoint confirmed swing highs and lows (pivots), and spot surges in buying pressure with our unique Volume Rate-of-Change (VROC) highlighter. The key feature of this script is its non-repainting pivot signals. A pivot high or low is only confirmed and plotted after a specific number of subsequent bars have closed, ensuring the signals are reliable and do not change after they appear. Key Features Heikin Ashi Sub-Chart: Displays smoothed Heikin Ashi candles in a separate pane to clearly visualize trend strength and direction without cluttering the main price chart. Non-Repainting Pivot Signals: Uses ta.pivothigh and ta.pivotlow to identify confirmed swing points. The signals will not repaint or move once they are printed on the chart. Smart Volume Spike Analysis (VROC): A Heikin Ashi candle will be highlighted in a distinct bright green (#2dff00) when the volume increases significantly on a bullish price candle. This "volume-confirmed" candle can signal strong conviction behind a move. Complete Label Customization: Take full control over the look and feel of your signals: Label Mode: Choose between "High & Low" (H/L) or "Buy & Sell" (B/S) to match your trading terminology. Custom Colors: Set unique colors for both the high and low pivot labels. Label Style: Select from various shapes like boxes, circles, diamonds, or squares. Label Size: Adjust the size of the labels from Tiny to Huge for perfect visibility. Adjustable Pivot Sensitivity: Fine-tune the pivot detection algorithm by setting the number of bars required to the left (strength) and right (confirmation) of a pivot point. How to Use & Interpret the Signals Assess the Trend with Heikin Ashi: A series of green HA candles with little to no lower wicks indicates strong bullish momentum. A series of red HA candles with little to no upper wicks indicates strong bearish momentum. Look for Volume Confirmation: A bright green highlighted candle signals a surge in buying pressure (VROC spike). This adds significant weight to bullish moves and can act as a leading indicator for a new leg up. Identify Entry/Exit Points with Pivot Labels: An "L" or "B" label marks a confirmed swing low. This is a potential buying opportunity, especially if it is followed by green Heikin Ashi candles and, ideally, a bright green VROC spike candle. An "H" or "S" label marks a confirmed swing high. This is a potential selling/shorting opportunity, especially as HA candles turn red. Example Strategy (High-Confluence) A powerful way to use this indicator is to look for a sequence of events: Wait for a "Buy" (B) or "Low" (L) signal to appear, confirming a bottom has likely formed. Wait for the first bright green VROC spike candle to appear after the signal. This confirms that buyers are stepping in with conviction. Consider an entry based on this high-confluence setup, using the swing low as a potential stop-loss area. Settings Explained Pivot Detection: Left Bars (Strength): Number of bars to the left of a pivot. A higher number finds more significant pivots. Right Bars (Confirmation): Number of bars to the right required to confirm a pivot. This creates a lag for reliability. Volume Spike Detection (VROC): Enable Volume Spike Highlighting: Turn the bright green candle highlight on or off. VROC Length: The lookback period for calculating the volume's rate of change. VROC Threshold %: The percentage volume must increase to trigger a highlight. Label Customization: Label Text Mode: Choose between "High & Low" or "Buy & Sell". Label Color, Style, and Size: Full cosmetic control for the pivot labels. Final Note This indicator is a tool to aid in technical analysis and should not be used as a standalone trading system. Always use it in conjunction with other analysis methods, proper risk management, and a sound trading plan. Enjoy!
Pine Script® indicator
by uniGram
26
SHA Multi Pivot Points -v1.0.0🔎Using Pivot Points in Trading Traders use PPs to help determine predefined support and resistance levels to guide their trading strategies. In addition, traders identify potential price reversals, trend direction, and breakout opportunities: Trend identification: PPs act as a reference level to gauge market sentiment. If the price opens above the PP and remains above it, traders interpret this as an uptrend. Conversely, if the price opens below the pivot point and stays below, it suggests a downtrend. Support and resistance determination: Pivot levels are natural barriers where price reactions frequently occur. Traders may enter long positions near support levels, expecting a price bounce, or if the price approaches resistance levels, traders may consider shorting the asset. Breakout trading: When the price breaks above resistance or support, it may indicate strong momentum for further movement. Reversal identification: Traders also look for failed breakouts or price rejections at pivot levels to anticipate reversals. Trading strategy combinations: Traders can improve accuracy by combining PPs with other technical analysis indicators. 1. Camarilla Pivot Points 📌 Overview: Developed by Nick Scott in 1989, Camarilla Pivot Points are designed for short-term, intraday trading. Unlike traditional pivots, Camarilla levels are tighter and more responsive, making them useful in volatile markets. 📐 Key Levels: It generates eight levels: - Resistance: Initial Level (R1), Mid-range Level (R2), Sell Reversal Level (R3), Breakout Level (R4) - Support: Initial Level (S1), Mid-range Level (S2), Buy Reversal Level (S3), Breakout Level (S4) ✅ How to Use: - S1/R1 + RSI or volume divergence to confirm weak momentum and early reversals. - S2/R2 with price action patterns to enter early on major moves before L3/H3 get tested. - S3/R3: Mean-reversion zones → price often reverses. - Break of S4/R4: Strong breakout → trend-following signal. - Combine with volume or candlestick confirmation for entries. 🔹 2. Floor (Standard) Pivot Points 📌 Overview: This is the most traditional pivot method, widely used by floor traders. It’s symmetrical and provides a clear central pivot point with equally spaced support and resistance levels. 📐 Key Levels: - Povit Points : Average price (PPs) - Resistance : First price ceiling (R1), Stronger ceiling (R2), Extreme resistance (R3) - Support : First price floor (S1), Stronger floor (S2), Extreme support (S3) ✅ How to Use: - Above PPs = bullish bias; Below PPs = bearish bias. - S1/R1 are most used for intraday targets. - S2–S3/R2–R3 indicate potential extreme moves. - Often used in combination with momentum indicators. 🔹 3. Woodie Pivot Points 📌 Overview: Woodie’s pivot formula gives double weight to the closing price, emphasizing the most recent session's sentiment. 📐 Key Levels: - Povit Points : Weighted average (PPs) - Resistance : First price ceiling (R1), Stronger resistance (R2) - Support : First price floor (S1), Stronger support (S2) ✅ How to Use: - Works best in fast-moving markets. - PPs acts as a momentum-based balance level. - Good for scalpers and momentum traders. 🔹 4. Fusion Pivot Points 📌 Overview: This method differs significantly — it calculates only one support and one resistance level, adjusting based on the relationship between the open and close. 📐 Key Levels: - Povit Points : Single directional (PPs) - Resistance : Potential ceiling (R) - Support : Potential floor (S) ✅ How to Use: - Not symmetrical → more responsive to price behavior. - Best for breakout or reversal strategies. - Use when you're expecting directional momentum. 🔹 5. Classic Pivot Points (Traditional) 📌 Overview: Also known as Standard or Traditional Pivot Points, this is the default method used by most charting platforms. It offers a balanced and simple framework. 📐 Key Levels: - Povit Points : Central price level (PPs) - Resistance : First ceiling (R1), Stronger resistance (R2), Extreme resistance (R3) - Support : First floor (S1), Stronger floor (S2), Extreme support (S3) ✅ How to Use: - PPs is the market’s equilibrium point. - Helps define market structure, bias, and trade zones. - Combine with order blocks, RSI, or MACD for confirmation. 📊 Summary Comparison : 1. Camarilla Pivot Points - Focus : Mean Reversion & Breakouts - Best Use : Scalping, Day Trading 2. Floor Pivot Points - Focus : General Support/Resistance - Best Use : Intraday, Swing 3. Woodie Pivot Points - Focus : Recent Close Emphasis - Best Use : Momentum Trading 4. Fusion Pivot Points - Focus : Trend/Breakout - Best Use : Directional Breakouts 5. Classic Povit Points - Focus : Market Structure - Best Use : General Use ⚠️ Disclaimer The information and tools provided in this script are for educational and informational purposes only. They do not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instrument. Trading in the financial markets involves risk of loss and is not suitable for every investor. You are solely responsible for your trading decisions. Always do your own research, use proper risk management, and consult a licensed financial advisor before making any financial decisions.
Pine Script® indicator
by sha_fibo
HMA Swing Levels [BigBeluga]An advanced swing structure and trend-following tool built on Hull Moving Average logic, designed to detect major reversals and track dynamic support/resistance zones. This indicator analyzes price swings using pivot highs/lows and a smoothed HMA trend baseline. It highlights key reversal levels and keeps them active until breached, giving traders a clear visual framework for price structure and trend alignment. The pivots are calculated in real-time using non-lagging logic, making them highly responsive to market conditions. 🔵 CONCEPTS Combines a fast-reacting Hull Moving Average (HMA) with pivot logic to capture precise directional changes. Detects non-lagging reversal highs and lows when pivot points form and the HMA direction flips. Projects these reversal levels forward as horizontal support/resistance lines until broken by price. Active trend is shown with a step-style trail line that reflects HMA bias over time. 🔵 FEATURES Swing Level Detection: Identifies high/low reversals when trend direction changes and plots horizontal zones. Non-lagging logic of swing points detection: if h == high and high < h and change > 0 // Detected Swing High if l == low and low > l and change < 0 // Detected Swing Low Persistent Support & Resistance Lines: Each detected swing high or low is extended forward until price invalidates the level. Dotted style is applied once breached. Color-Coded Trend Trail: Displays a stepped trend trail using HMA slope: lime = uptrend, blue = downtrend. Automatic Labeling: Each reversal level is labeled with its price for clear reference. Age-Based Line Thickness: Every level increases in thickness every 250 bars. The longer the level lasts, the stronger it is. 🔵 HOW TO USE Use green (support) and blue (resistance) levels to frame key reaction zones. Trade with the trend defined by the trail color: lime for bullish bias, blue for bearish. Explore where buy or sell orders are stacked Look for breaks of swing lines to anticipate trend shifts or breakout setups. Adjust the "Trend Change" input to tune the sensitivity of swing detection. Adjust the "SwingLevels" input to define how far back to search for valid pivots. 🔵 CONCLUSION HMA Swing Levels offers a hybrid approach to structural and trend-based trading. With automated non-lagging swing detection, persistent support/resistance tracking, and intuitive HMA-based trend coloring, it provides a powerful visual system for discretionary and systematic traders alike.
Pine Script® indicator
by BigBeluga
11
Candle Opens by HAZEDCandle Opens by HAZED 🎯 Overview A clean, optimized indicator that displays key timeframe opening prices with enhanced performance and modern styling. Perfect for identifying critical support/resistance levels across multiple timeframes without chart clutter. 📈 Key Features - 5 Major Timeframes: Daily, Weekly, Monthly, Quarterly, and Yearly opens - Current Opens Only: No historical lookback - shows only the most recent/relevant levels - Smart Positioning: Toggle between staggered lines (prevents overlap) or uniform length - Dual Label Styles: Choose plain text (minimal) or enhanced labels with prices - Performance Optimized: Streamlined code for faster loading and smoother operation - Alert System: Get notified when any timeframe opens change - Extended Hours Support: Works with pre/post market sessions 🎨 Customization Options - Individual color selection for each timeframe - Adjustable line width (1-4px) - Right extension length control - Optional left tail extensions - Show/hide labels with style options - Same length lines toggle for clean alignment ⚙️ Advanced Settings - Discover Prices: Use chart data instead of HTF requests (for data feed discrepancies) - Extended Hours: Display opens during pre/post market sessions - Alert Controls: Enable/disable notifications for timeframe changes 📊 Default Configuration - Enabled: Daily (Green), Weekly (Orange), Monthly (Red), Yearly (Blue) - Disabled: Quarterly (Purple) - easily enabled if needed - Labels: Enhanced style with prices shown by default - Lines: 2px width, staggered positioning for optimal spacing 🚀 Performance Improvements - Removed unnecessary historical data tracking - Optimized drawing functions for better responsiveness - Cleaner variable management and memory usage - Enhanced yearly open detection algorithm 💡 Best Use Cases - Swing trading: Identify key weekly/monthly levels - Day trading: Respect daily opens as support/resistance - Long-term investing: Monitor yearly opens for major trends - Multi-timeframe analysis: See all key levels at once 🔧 Technical Notes - Uses proper request.security() calls for accurate data - Smart change detection prevents unnecessary redraws - Handles different chart timeframes automatically - Compatible with all asset classes and exchanges Original concept enhanced and optimized by HAZED for modern trading needs.
Pine Script® indicator
by hazedoptions
DP_MoneyFlow_Osc_V4**DP_Moneyflow_Osc_V4** is a custom, volume‐weighted momentum oscillator built around the classic Money Flow Index (MFI), with a few twists to help you spot more reliable reversal points: ***Best way to use it is to take the signals as alert points, to understand when money is starting to flow in or starting to flow out. It is not intended to be a Buy or Sell signal at the point of entry where the label is printed.*** 1. **Core Calculation** * Computes the standard MFI on your chart’s native timeframe: * Money Flow = typical price (H+L+C)/3 × volume * Segregates positive vs. negative flow based on whether price rose or fell on each bar * Smooths each with an N-bar SMA, forms the ratio, and maps it into a 0–100 scale 2. **Inversion & Smoothing** * You can **invert** the oscillator around 50 (so peaks become troughs and vice versa) with the **Reverse MFI** toggle. * Applies two layers of smoothing (one for raw noise reduction, another for longer-term trend stability). 3. **Dynamic Coloring** * Above Overbought (OB) threshold → solid red; below Oversold (OS) → solid green. * In between, it linearly fades from red/green toward black as it approaches the 50 midpoint. * **Invert Colors** flips the hue logic (red ↔ green) if you prefer. 4. **Overbought/Oversold Zones** * Plots horizontal lines at your chosen OB/OS levels. * Optionally fills the zone between them for quick visual reference. 5. **Peak/Trough Signal Labels** * Detects **true extremes** by finding when the oscillator reverses direction right at or beyond your OB/OS levels. * Prints a tiny “OB” or “OS” label **exactly at that pivot bar**, so you see the high or low of the swing. 6. **Alternation Toggle** * Prevents two consecutive “OS” or “OB” labels by enforcing strict Buy/Sell alternation—turn this on or off via **Enable Signal Alternation**. --- **Use-Case**: This oscillator excels at pinpointing the *tops* and *bottoms* of strong volume‐backed moves, giving you clear pivot markers rather than every threshold crossover. Tweak the smoothing and threshold inputs to calibrate sensitivity to your market and timeframe.
Pine Script® indicator
by dp_Betz
cd_cisd_market_CxHi Traders, Overview: Many traders follow market structure to identify the market direction and seek trade opportunities in line with the trend. However, markings derived from user-defined inputs can create different structures, depending on personal choices. For instance, choosing a pivot distance of 3 instead of 2 alters the structure, even though the chart remains the same. Ideally, the structure should remain consistent. "Change in State Delivery" ( CISD ) is a widely accepted concept among traders and is considered a significant indicator of market direction based on the gain/loss of CISD levels. In this indicator, CISD is selected as the primary criterion for marking market structure, eliminating the influence of user-dependent variations. Here is a summary of the key logic and rules applied: • When the price forms a new high/low, that level is only considered a pivot if a CISD has occurred. • A bullish CISD is always followed by a bearish CISD, and vice versa. • Pivot points form the internal structure. • The internal structure is used to interpret the swing structure. • Probabilities are derived from internal structure patterns. ________________________________________ Details: How is CISD determined? As is commonly known: • When price makes a new high, the opening level of the first candle in the consecutive bullish candle sequence is marked. • When price makes a new low, the opening of the first candle in the consecutive bearish sequence is marked. • If there’s only one candle in the sequence, its opening level is used. In a bullish market, losing a bearish CISD level (i.e., a close below it) or in a bearish market, gaining a bullish CISD level (i.e., a close above it) is interpreted as a potential shift in buyer-seller dominance and a possible market reversal. ________________________________________ How are internal (pivot) levels determined? • When price closes below a bearish CISD level, the highest candle's high becomes a pivot high (PH). • When price closes above a bullish CISD level, the lowest candle's low becomes a pivot low (PL). • If the new PH is above the previous PH, it’s labeled as HH (Higher High); otherwise, LH (Lower High). • If the new PL is below the previous PL, it’s labeled as LL (Lower Low); otherwise, HL (Higher Low). ________________________________________ Internal Market Structure: • A series of HHs indicates a bullish internal structure. • A series of LLs indicates a bearish internal structure. ________________________________________ Swing (Main) Market Structure: Using internal pivots and previous swing levels, the main market structure is derived. • A new swing high (SH) requires the price to move above the previous SH. • A new swing low (SL) requires the price to move below the previous SL. ________________________________________ Probability Calculation: Pivot levels forming the internal structure are coded as five-element sequences. There are 64 possible combinations of such sequences made from consecutive PH and PL values. Each pattern’s frequency from its starting candle is tracked. To make it more understandable: For example, after the four-sequence “HH, LL, LH,HL”, either HH or LH might follow. The table shows the statistical likelihood of both possible outcomes for the most recent four-element sequence on the chart. ________________________________________ How reliable is it? To assess reliability, results are calculated from the beginning using: Success Rate (Suc. Rt) = Number of Correct Predictions / Total Predictions This value is added to the table for reference. It’s important to note that no statistical outcome guarantees certainty—every result offers a different interpretation. What truly matters is to avoid getting stopped out 😊. ________________________________________ Menu Options: Show/hide preferences and color selections can be customized via the indicator menu. ________________________________________ What’s Coming in Future Versions? Features such as FVG (Fair Value Gaps) between swing levels, volume imbalances, order blocks / mitigation blocks, Fibonacci levels, and relevant trade suggestions will be added. ________________________________________ This is a BETA version that I believe will help simplify your market reading. I’d be happy to hear your feedback and suggestions. Cheerful Trading!
Pine Script® indicator
by cdikici71
16
SMT DivergenceSMT Divergence Indicator This powerful indicator identifies high-probability reversal points by detecting SMT (Smart Money Technique) divergences between two correlated assets. It spots subtle shifts in market momentum, revealing when one asset fails to confirm the price action of another—often signaling an impending trend change. Key Features: Inter-Market Divergence Detection: Automatically compares the price action of the main symbol with a second user-defined asset. Identifies Key Reversals: Pinpoints both bullish and bearish SMT divergences, highlighting hidden strength in downtrends and underlying weakness in uptrends. Customizable Pivot Detection: Allows fine-tuning of the pivot length to adjust sensitivity for different market conditions and timeframes. Flexible Display Modes: Choose between clean 'Lines' connecting the diverging pivots or precise 'Labels' marking the exact high/low points. Full Visual Customization: Complete control over the colors and line thickness for seamless integration with your existing chart layout. Built-in Alerts: Stay notified of every potential opportunity with alerts for both bullish and bearish signals. Settings: Core Parameters: Comparison Symbol: Select the second asset to compare against for divergence analysis (e.g., NQ1! if you are charting ES1!). Pivot Length: Defines the number of bars to the left and right required to confirm a pivot high or low. Visual Settings: Display Style: Choose to visualize divergences as 'Lines' or 'Labels'. Bearish/Bullish Color: Set custom colors for bearish and bullish divergence indicators. Line Width: Adjust the thickness of the divergence lines for optimal visibility. Perfect for traders who utilize inter-market analysis to confirm trade ideas. The SMT Divergence indicator provides a crucial edge by exposing non-confirmations between related assets, allowing for earlier and more confident entries into potential market reversals.
Pine Script® indicator
by ClayeWeight
1
The Butterfly [theUltimator5]This is a technical analysis tool designed to automatically detect and visualize Butterfly harmonic patterns based on recent market pivot structures. This indicator uses a unique plotting and detection algorithm to find and display valid Butterfly patterns on the chart. The indicator works in real-time and historically by identifying major swing highs and lows (pivots) based on a user-defined ZigZag length. It then evaluates whether the most recent price structure conforms to the ideal proportions of a bullish or bearish Butterfly pattern. If the ratios between price legs XA, AB, BC, and projected CD meet defined tolerances, the pattern is plotted on the chart along with a projected D point for potential reversal. Key Features: Automatic Pivot Detection: The script analyzes recent price action to construct a ZigZag pattern, identifying swing points as potential X, A, B, and C coordinates. Butterfly Pattern Validation: The pattern is validated against traditional Fibonacci ratios: --AB should be approximately 78.6% of XA. --BC must lie between 38.2% and 88.6% of AB. --CD is projected as a multiple of BC, with user control over the ratio (e.g., 1.618–2.24). Bullish and Bearish Recognition: The pattern logic detects both bullish and bearish Butterflies, automatically adjusting plotting direction and color themes. Custom Ratio Tolerance: Users can define how strictly the AB/XA and BC/AB legs must adhere to ideal ratios, using a percentage-based tolerance slider. Fallback Detection Logic: If a new pattern is not identified in recent bars, the script performs a backward search on the last four pivots to find the most recent valid pattern. Force Mode: A toggle allows users to force the drawing of a Butterfly pattern on the most recent pivot structure, regardless of whether the ideal Fibonacci rules are satisfied. Dynamic Visualization: --Clear labeling of X, A, B, C, and D points. --Colored connecting lines and filled triangles to visualize structure. --Optional table displaying key Fibonacci ratios and how close each leg is to ideal values. Inputs: Length: Controls the sensitivity of the ZigZag pivots. Smaller values result in more frequent pivots. Tolerance (%): Adjustable threshold for acceptable deviation in AB/XA and BC/AB ratios. CD Length Multiplier: Projects point D by multiplying the BC leg using a value between 1.618 and 2.24. Force New Pattern: Overrides validation checks to display a Butterfly structure on recent pivots regardless of ratio accuracy. Show Table: Enables a table showing calculated ratios and deviations from the ideal.
Pine Script® indicator
by TheUltimator5
4