Pivot points are price levels that are calculated based on previous high, low, and close values. Pivot point levels include the pivot, 4 resistance levels (R1, R2, R3, R4), and 4 support levels (S1, S2, S3, S4). Pivot points are used as support and resistance levels. This indicator includes the following pivot points: 6M (6 month) Yearly Weekly HA (Heikin...
Hey traders. This script is pretty simple. Candle closes matter, and so on the custom timeframes (inputs) a horizontal line is plotted on those candle closes. Default values are 4H, D, W, and M levels. These levels are, of course, used for support and resistance levels. I'll be updating this at some point and ensuring no repainting is occuring. Color choices...
It has happened to everybody. You enter the market, the position gets a stop loss, then later the market goes in the direction you originally planned. Worse yet - you enter a position, the market goes in your favor, gets near the target, and then it reverses and you get stopped. We brazilians call this a "violinado", or getting violinated. It happens either...
This script shows support-and-resistance levels that span months and weeks. It also shows the levels in the last 100 bars in higher detail. Details detection is only applied to last 100 bars so that your chart is not cluttered with infinite horizontal lines. 100 can be changed in the settings. For example, here, you see the levels in small time frames at a...
The Pivot Reversal Study uses pivot points to create a support and resistance level; based on this levels the script creates virtual stop-market orders to catch the trend if the price is crossing the pivot lines. A "Pyramiding" input allows to configure up to 3 entries; the script enters an additional position if the price falls by a configurable percentage amount...
This indicator is not a strategy by itself, and only works intraday. A box will start to draw an hour after the market open and continue being drawn for the next two hours. This is being done due to the theory of it being the time where small investors and institutions are moving the price with less volatility than the first hour. Once the Box has been closed...
This will plot in the ticker opened: -All-time High and Low -1 Year High and Low -6 Months High and Low -3 Months High and Low -1 Month High and Low -1 Week High and Low -Previous day High and Low Colors, extending the line to the right, width, showing price tag are all parameters. High and Low calculations are updated daily Lines haves issues sometimes...
Hello Traders, Recently we got new features in Pine such Arrays of Lines, Labels and Strings. Thanks to the Pine Team! ( here ) So I decided to make new style of Multi Time Frame indicator and I used Array of Lines in this script. here it is, RSI Multi Time Frame script. it shows RSI for current time frame as it is and also it gets RSI for the Higher Time...
Alternative to Fibonacci levels. There are actually many such ratios besides the golden ratio and the Fib sequence. This is based on the plastic ratio or the Padovan sequence. If you wish to use the ratios in the fib tool, the following are the corresponding alternate values : 0.245 0.325 0.430 0.570 0.755 1.000 1.325 1.755 2.325 3.080 4.080
Script is showing potential reversal zones on chart, based on calculations of High/Low of selected period, smoothing it with selected type of Moving Average and applying Standard Deviation. Preferred to be used for contrarian traders. Another alternative usage would be to lock profit from open positions as this is very often early warning before reversal...
Fishing The Trend HOW Does it work ? The code uses dynamic levels to identify trend. This script used SuperTrend (ST), ATR and relatively Smoothened ST for early trend reversal detection to determine the trend and direction so that a fruitful decision can be made. To Indicate the strength of the trendline, The standard calculations of SuperTrend, along with...
Hi Traders, this is the result of the many feedback messages I received about this first draft of this script. It has significant updates: The use of Arrays. Using PineCoders Coding Conventions for Pine: www.pinecoders.com Display up to 6 Support / Resistance levels. Line colors and Labels change according to their status (Support or Resistance). ...
/ This script calculates the daily resistance and support levels. The entry is when the close breaks these levels. // Then it sets 4 exit lines, if the backtraces these lines you've got your normal exit. // If the close crosses the TP you've got your TP exit. And if the close crosses the SL you've got your SL exit. // This is the good part --> If the...
Description Flow Trend I is a Trend Following & Analysis indicator. It attempts to characterize Long or Short trends to give a trader more confidence when opening a trade. It can also be used as an analysis tool with no direct trading or investment in mind. The calculation is based on Support & Resistance levels: S/R levels are calculated then we assume...
This indicator is based on Evan Cabral's Market Timing Strategy. In Binary Option or High Frequency Forex (HFX), it's very common to see the market make reversals at hours and half hours. This indicator just simply draw vertical lines at each quarter of the hour. You should change the color and opacity to fit your chart style. With this indicator, you're...
Hi Guy, I would like to introduce you Standard deviation zones Support & Resistance horizontals. It draws line horizontals on high and low st dev zone. The colors are dynamic depending whether price is below or above the line. Credit is due to @Zeiierman for st dev zone calculation so shout out to him. There are various sections in setting: general setting...
This study finds supports and resistances using moving averages and plots data from multiple timeframes on a chart. I found it useful on low timeframes and decided to share.
TM24_INTRADAY_LEVEL tool shows overall market price structure of market for Intraday Position. It can be used with TM24_GANN_LEVELS tool Terminology Use ==> Price Line, Price Level name and Price level Timeframe ==> Use proper Signal with swing trend on 15 Min. or lower time frame (Best if Use with 15 Minutes chart or 5 Min. chart). What to Identify ==> Overall...