New Pivots Indicator With Options for Daily, 4 Hour, 2 Hour, 1 Hour, 30 Minute Pivot Levels!
Great for Forex Traders! - Take a Look at Chart with Weekly, Daily, and 4 Hour levels. Weekly Pivots Indicator is separate - Link is Below.
Plot one Pivot Level or Multiple at the Same Time via Check Boxes in the Inputs tab.
Defaults to 4 Hour Pivot Levels - Adjust in Inputs Tab.
S3 and R3 are turned off by Default - You can Activate Them In The Inputs Tab.
These Intraday Options were Requested By Users Using My CM_ Pivots Point Custom Indicator that Plots Daily, Weekly, Monthly, Quarterly, and Yearly Pivot Levels. Link is Below.
Now Both Longer-Term Traders and Shorter Term Traders Have All The Pivot Levels They Need. From Yearly Levels All The Way Down to 30 Minute Levels!
***The Candles On The Chart Are Custom Heikin-Ashi Paint Bars. Link is Below
Hey Chris - this is an awesome indicator! Have been using your CM_Williams_Vix_Fix & RSI/EMA (tradingview.com/v/og7JPrRA/) to detect intraday reversals, but this pivot indicator is easier to read. Both show consistent locations in my limited use, as they should.
I have been quite interested in DeMark also, (as alluded to by @faizal.mansor.908), but as I understand, although powerful, it seems to signal infrequently?
Finally, I have used a few of your other indicators and found them to be extremely useful. As mentioned by others, you are an incredibly generous resource on this site and I wish to thank you for your efforts and response to requests, which help many. Thanks much for your contributions!
ChrisMoody
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Thanks...Glad your enjoying them....
richard987654
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Hi. Great work etc. Is there a way to alter the look back period?
TooRightRich
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Hi Chris,
The TradingView "day" starts at 22:00UTC, so the pivots are calculated from that start time. What I would really like to do is have them start from 00:00UTC. So for example, the daily pivots run for 24 hours from 00:00UTC. I haven't seen any other script that will handle this "offset". Do you have any idea if this would even be possible? I have coding experience, but I'm not familiar with Pinescript. The 'resolution' used in the security function is obviously based on the start being 22:00, so would need some kind of offset? Any ideas?
Cheers,
Richard
Lij_MC
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@TooRightRich, did you ever find out how to do the offset?
Excellent Chris, I always liked pivot points...used to trade price action and this solely when I first began trading bitcoin. Pretty good success rate, especially for me being a noob back then (even more than I currently am)
ChrisMoody
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Yep...Check out this link on the Longer Term Pivot levels I posted. For two years I made a living trading nothing but pivot levels and using the Heikin-Ashi Paint bars as confirmation. I think I give a few details in that post.