GOLDEN Trading System by @thejamiulGolden Pivot by thejamiul is the ultimate trading companion, meticulously designed to provide traders with precise and actionable market levels for maximizing trading success. With its innovative blend of pivot systems, high/low markers, and customizable features, this indicator empowers you to execute trades with accuracy and confidence.
Source of this indicator : This indicator is based on @TradingView original pivot point ( pivot point standard ) indicator with lot of custom and added features to identify breakouts. Bellow detail list of features with explanations.
What Makes Golden Pivot Unique?
This indicator integrates multiple pivot methodologies and key levels into one powerful tool, making it suitable for a wide variety of trading strategies. Whether you're into breakout trading, virgin trades, or analyzing market trends, Golden Pivot Pro v5 has got you covered.
Key Features:
Camarilla Pivots:
Calculates H3, H4, H5, L3, L4, and L5 levels dynamically.
Helps identify strong support and resistance zones for reversal or breakout opportunities.
Floor Pivots:
Classic pivot point along with BC (Bottom Center) and TC (Top Center) levels for intraday and swing trading setups.
Multi-Timeframe High/Low Levels:
Plots static high/low markers for yearly, monthly, weekly, and daily timeframes.
Provides clarity on major market turning points and breakout zones.
Close Price Levels:
Highlights yearly, monthly, weekly, and daily close prices to aid in understanding market bias.
Custom Timeframe Selection:
Flexibly choose daily, weekly, monthly, or yearly pivot resolutions to suit your trading style and objectives.
Comprehensive Visualization:
Color-coded levels for quick recognition of significant zones.
Dynamic updates to adapt to changing market conditions seamlessly.
EXPONOVA:
In input tab you will get EXPONOVA, it is build with two ema and gradient colours. It is very important for trend identification because if we only use pivot, we can not tell the market direction easily. So if you use the EXPONOVA we can easily tell the market trend because when the market is in up trend the EXPONOVA will be green and when the market is in downtrend the EXPONOVA will be red. So if we use pivot and EXPONOVA together we can build a rubout strategy.
This indicator enables you to implement strategies like:
Breakout Trading: Identify critical levels where price might break out for momentum trades.
Virgin Trades: Use untouched levels for precision entries with minimal risk.
Trend Reversals: Spot overbought or oversold zones using Camarilla and Floor Pivots.
Range-Bound Markets: Utilize high/low levels to define boundaries and trade within the range.
How to Use Golden Pivot by thejamiul for High-Accuracy Trading?
1. Breakout Trading If you like breakout trading then this indicator can help you a lot, here we will only take those trade which are broke green zone or red zone. Here green zone mean H3, to H4, and red zone mean L3, L4 . If price closes above green zone then we will plan to go Long and if price closes bellow red zone then we will plan to go Short.
As you can see on the chart when price break the green zone, the market shoot up!
2. Range-Bound Trading: When market are in range bound mode, usually we fear to take trade because we don't have clear idea about major support or resistance and how to take trade in such market. But if you use this indicator it will show you the major support and resistance zone which are red and green colours in this indicator. In range bound market, market usually trade between red zone and green zone so we can trade accordingly.
Camarilla Pivot Points
CAMARILLA PIVOTSThis indicator is based on the Pivot study. Traders will be able to plot CPR, Standard floor pivots as well as Camarilla Pivots on multiple timeframes.
Why pivots from multiple timeframes are relevant and included in this one indicator?
We can analyse pivots on multiple timeframes for different trading setups. As in, Daily floor pivots are best suited for analysing the market trend for Day trading. Similarly, Weekly and Monthly floor pivots can be analysed for Swing and positional trading entries. Whereas yearly pivot is best suited for trend analysis for investment purpose.
What is the relevance of plotting tomorrow's pivot level in advance?
Pivot are calculated based on the price happened on a previous day. And hence trader can plot tomorrow pivots in advance to shortlist stocks for tomorrow's trading session.
TimeFrames Available to traders are –
- Auto (1H)
1. Daily
2. Weekly
3. Monthly
4. Quarterly
5. Yearly
A) Daily Pivots
Present Day –
1. Trader can plot Daily CPR
2. Trader can plot Daily R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Daily S1, S2, S3 and S4 pivot support levels
4. Trader can plot Daily Camarilla levels
Future Day –
1. Trader can plot Tomorrow CPR
2. Trader can plot Tomorrow R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Tomorrow S1, S2, S3 and S4 pivot support levels
4. Trader can plot Tomorrow Camarilla levels
5. Previous Day High and Low
B) Weekly Pivots
Present Week –
1. Trader can plot Present week CPR
2. Trader can plot Present week R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Present week S1, S2, S3 and S4 pivot support levels
4. Trader can plot Present week Camarilla levels
Next Week –
1. Trader can plot Next week CPR
2. Trader can plot Next week R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Next week S1, S2, S3 and S4 pivot support levels
4. Trader can plot Next week Camarilla levels
5. Previous Week High and Low
C) Monthly Pivots
Present Month –
1. Trader can plot Present Month CPR
2. Trader can plot Present Month R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Present Month S1, S2, S3 and S4 pivot support levels
4. Trader can plot Present Month Camarilla levels
Next Month –
1. Trader can plot Next Month CPR
2. Trader can plot Next Month R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Next Month S1, S2, S3 and S4 pivot support levels
4. Trader can plot Next Month Camarilla levels
5. Previous Month High and Low
EXTREME REVERSAL SETUP:
This is by far my favorite setup in the lot. Classic Mean Reversion setup.
The logic, as explained in the book, goes like this,
1. The first bar of the pattern is about two times larger than the average size of the candles in the lookback period.
2. The body of the first bar of the pattern should encompass more than 50 percent of the bar’s total range, but usually not more than 85 percent.
3. The second bar of the pattern opposes the first.
The setup works extremely well in high beta stocks like Vedanta VEDL.
Feel free to play with the settings in order to better align this pattern with your favorite stock.
OUTSIDE REVERSAL SETUP:
My second favorite setup, it is quite good at catching intraday trends.
Here’s the logic,
1. The engulfing bar of a bullish outside reversal setup has a low that is below the prior bar’s low and a close that is above the prior bar’s high. Reverse the conditions for bearish outside reversal.
2. The engulfing bar is usually 5 to 25 percent larger than the size of the average bar in the lookback period.
Settings for this pattern simply reflect these conditions. Feel free to modify them as you wish.
DOJI REVERSAL SETUP:
Doji candles signify market indecision and this pattern tries to profit off these market conditions.
Logic:
1. The open and close price of the doji should fall within 10 percent of each other, as measured by the total range of the candlestick.
2. For a bullish doji, the high of the doji candlestick should be below the ten-period simple moving average. Vice-versa for bearish.
3. For a bullish doji setup, one of the two bars following the doji must close above the high of the doji. Vice-versa for bearish.
Feel free to modify the settings and optimize according to the stock you are trading.
Don't optimize too much :)
This pattern works brilliantly well on larger intraday timeframes, like 15m/30m/60m.
This pattern also has a higher propensity to give false indications than the two described above.
Doji reversal typically helps to catch larger trend reversals.
WICK REVERSAL SETUP:
This pattern tries to capture candlesticks with large wick sizes, as they often indicate trend reversal when coupled with significant support and resistance levels.
Logic:
1. The body is used to determine the size of the reversal wick. A wick that is between 2.5 to 3.5 times larger than the size of the body is ideal.
2. For a bullish reversal wick to exist, the close of the bar should fall within the top 35 percent of the overall range of the candle.
3. For a bearish reversal wick to exist, the close of the bar should fall within the bottom 35 percent of the overall range of the candle.
This pattern must always be coupled with important support resistance levels, else there will be a lot of false signals.
This indicator helps you identify market structure by plotting swing highs and lows (HH, LH, HL, LL).
Indicator Settings Overview
SWING LENGTH
The number of leftbars and rightbars when searching for swing points. The lower the value, the more swing points are shown and the higher the value, the less swing points are shown. I suggest adjusting it to fit your style and when switching between different timeframes.
The Bull Trader's ZonesTBT Zones - Preferably used on the 4H chart. You should combine this script with other technical indicators as well.
In general the script helps find buy and sell opportunities early enough so as to make better decisions before taking a trade. Basically, it uses the rsi indicator, the long lower and long upper shadow candle sticks to create buy and sell zones.
The script is visibly engaging so one could easily know when the price is reverting into an Overbought or Sell zone after an uptrend, or reverting into an Oversold or Buy zone after an downtrend.
There is also the well known Bollinger Band Indicator, and it could be safer taking short trades when the price of the asset is above the Bollinger Basis, preferably close to the upper Bollinger Band. Vice-versa for long trades.
Adding the Camarilla L3 and H3 strategy could give an edge. Respecting the zones, if the open price is between H3 and L3;
BUY when the price moves back above L3 after going below L3. Target will be H1, H2, H3 levels. Stop loss can be placed at L4 level. Or trail an SL,
SELL when the price moves back below H3 after going above H3. Target will be L1,L2 L3 levels and stop loss above H4. Or trail an SL. Or simply take realistic profits.
By default the zones will extend left (back in history) which could give a view on how the zone previously performed. This option could be unchecked in the options. However, information on past performance is not necessarily a guide to future performance. Trade safe. Get out on time. Wait for another opportunity to set up.
When you add this indicator to your chart you can set up alerts to be informed when a new zone is formed.
Much thanks to @cyatophilum, the pinescript coder who made this a reality.
CPR (Central Pivot Range)Central Pivot Range is a trend and volatility forecasting tool. It is calculated from previous session's (day, week, or month) high, low, close values. It works on the idea that every trading session must be the result of its previous trading session.
Pivot, top pivot and bottom pivot values form the CPR. If the CPR for each trading session is getting higher (and also the price is trading above it) then it denotes bullish bias and vice versa for bearish. And the width of the CPR (i.e., distance between top and bottom pivot) denotes the volatility of the session.
If the CPR width is narrow, we can expect a trending or volatile trading session. If it's wide, then we can expect a range bound or sideways trading session.
Support and Resistance levels can be used as a profit booking zone or to add/reduce position sizing.
In this Indicator you have the following:
1. CPR with traditional support and resistance levels (S1-S5 & R1-R5).
2. Developing CPR for next trading day, week, and month.
3. Customizable lookback period, line width.
4. Option to show/hide labels, prices, SR levels, developing CPR.
[Camarilla Pivots] Signal Clean Up Analysis with Backtest (TSO)Camarilla Pivots NEW GEN Indicator!
This is a full-cycle trading system indicator, which uses Camarilla Pivots for generating signals using a custom developed algorithm, TP (Take Profit) and SL (Stop Loss) levels. There are 3 SOURCES for signals (each can be used separately or in combination or all 3 can be used at the same time, each signal SOURCE is using Camarilla Pivots levels to open optimal trade direction) with chained (NOTE: There are many potential profitable setups available, by combining clean up features availabe in the indicator settings!) signal cleanup and analysis approach with scheduling and alerting capabilities. Works best with shorter timeframes: 1M, 5M, 15M, 1H.
NOTE: Every calculation is done on a confirmed closed candle bar state, so the indicator will never repaint!
NOTE: At position open - there will be calculated Take-Profit and Stop-Loss targets, however each target is considered hit, when candle bar closes breaking that target, so Take-Profit and Stop-Loss when hit will slightly differ then what you see at position open!
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Explanation of all the Features | Configuration Guide | Indicator Settings | Signal Cleanup Analysis
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>>> Customizable Backtesting for a specific date range, results via TradingView strategy, which includes “Deep Backtesting” for largest amounts of data on trading results.
>>> Trading Schedule with customizable trading daily time range, automatic closing/alert trades before Power Hour or right before market closes or leave it open until next day.
>>> 3 Trading Systems.
>>> Multiple Signal SOURCEs for opening trades, either SOURCE can be used or both at the same time!
>>> Static/Dynamic Stop-Loss setups (HIGHLIGHT: Stop-Loss will be moved to Entry after TP1 is taken, which minimizes risk).
>>> Single or Multiple profit targets (up to 5).
>>> Take-Profit customizable offset feature (set your Take-Profit targets slightly before everyone is expecting it!).
>>> Candle bar signal analysis (matching candle color, skip opposite structured and/or doji candle uncertain signals).
>>> Additional analysis of VWAP/EMA/ATR/EWO (Elliot Wave Oscillator)/Divergence MACD+RSI/Volume signal confirmation (clean up your chart with indicator showing only the best potential signals!).
>>> Advanced Alerts setup, which can be potentially setup with a trading bot over TradingView Webhook (NOTE: This will require advanced programming knowledge).
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Labels, plots, colors explanations:
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>>>>> LONG open: green "house" looking arrow below candle bar.
>>>>> SHORT open: red "house" looking arrow above candle bar.
>>>>> LONG/SHORT take-profit target: green/red circles (multi-profit > TP2/3/4/5 smaller circles).
>>>>> LONG/SHORT stop-loss target: green/red + crosses.
>>>>> LONG/SHORT take-profit hits: green/red diamonds.
>>>>> LONG/SHORT stop-loss hits: green/red X-crosses.
>>>>> LONG/SHORT EOD (End of Day | Intraday style) close (profitable trade): green/red squares.
>>>>> LONG/SHORT EOD (End of Day | Intraday style) close (loss trade): green/red PLUS(+)-crosses.
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Date Range and Trading Schedule Settings
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>>>>> Date Range: Select your start and/or end dates (uncheck “End” for indicator to show results up to the very moment and to use for LIVE trading) for backtesting results, if not using backtesting – uncheck “Start”/“End” to turn it off.
>>>>> Use TradingView “Strategy Tester” to see backtesting results
NOTE: If Strategy Tester does not show any results with Date Ranged fully unchecked, there may be an issue where a script opens a trade, but there is not enough TradingView power to set the Take-Profit and Stop-Loss and somehow an open trade gets stuck and never closes, so there are “no trades present”. In such case you will need to manually check “Start”/“End” dates or use “Depp Backtesting” feature!
>>>>> Trading Schedule: This is where you can setup Intraday Session or any custom session schedule you wish. Turn it ON. Select trading hours. Select EOD (End of Day) setting (NOTE: If it will be OFF, the indicator will assume you are holding your position open until next day!). Please note the EOD trade closure times with the 2 different Intraday close settings when turned on:
At Market Close:
1/3/5min > will close at 15:55pm ET
15min > will close at 15:45pm ET
30min > will close at 15:30pm ET
45min > will close at 15:45pm ET
60min > will close at 15:00pm ET
Before Power Hour:
1/3/5min > will close at 15:00pm ET
15min > will close at 15:00pm ET
30min > will close at 15:00pm ET
45min > will close at 15:00pm ET
60min > will close at 15:00pm ET
>>> Trading Systems: 1) "Open Until Closed by TP or SL": the signal will only open a trade if no trades are currently open/trunning, a trade can only be closed by Take Profit, Stop Loss or End of Day close (if turned on) | 2) "Open Until Closed by TP or SL + OCA": Same as 1), but if there is an opposite signal to the trade which is currently open > it will immediately be closed with new trade open or End of Day close (if turned on) | 3) "OCA (no TP or SL)": There are is Take Profit or Stop Loss, only an opposite signal will close current trade and open an opposite one or End of Day close (if turned on).
>>> Position Open sources:
>>>>> Position Open - SOURCE1 | LONG: S3, SL: S4, TP1: R3, TP2: R4, TP3: R5, TP4/5: Smart Formula | SHORT: R3, SL: R4, TP1: S3, TP2: S4, TP3: S5, TP4/5: Smart Formula
>>>>> Position Open - SOURCE2 | LONG: R4, SL: R3, TP1: R5, TP2/3/4/5: Smart Formula | SHORT: S4, SL: S3, TP1: S5, TP2/3/4/5: Smart Formula
>>>>> Position Open - SOURCE3 | LONG: R5, SL: R4, TP1/2/3/4/5: Smart Formula | SHORT: S5, SL: S4, TP1/2/3/4/5: Smart Formula
>>> Turn On/Off: Current Position SL + Opposite Position Open Signal on the same closing candle bar (If current trade hits Stop-Loss and at that same closing candle bar there is a signal for an opposite direction trade > indicator will close current position as Stop-Loss and immediately open an opposite position). NOTE: With this option turned on, there will be more trades, but not necessarily better results, since after Stop-Loss is hit, it may make sense to wait a little before opening an opposite trade, even if it matches the condition at the same time when Stop-Loss is hit, but sometimes it shows great results, so this setting/feature is included.
>>> Turn On/Off: Turn On/Off: Current Position REGULAR SL | Only the SL + Opposite Position Open will trigger if turned on, IF NOT - THERE WILL BE NO STOP-LOSS AT ALL!!! NOTE: It is very dangerous to trade without Stop-Loss!
>>>>> Signal Candle Bar consuming Take-Profits - position/trade signal candle bar is big enought to "consume"/close ahead the first TP setting > the signal can either be skipped, or all Take-Profit areas pushed ahead using smart formula)
>>>>> MULTIPROFIT | TP (Take-Profit) System: Once the trade is open, all Take-Profit target(s) are immediately calculated and set for the trade > once the target(s) is hit > trade will be partially closed (if candle bar closes beyond several Take-Profit targets > trade will be reduced accordingly to the amount of how many Take-Profit targets were hit)
>>>>> MULTIPROFIT | SL (Stop-Loss) System: 1) Static – Once the trade is open, Stop-Loss is calculated and set for the remaining of the trade ||| 2) Dynamic – At trade open, Stop-Loss is calculated and set the same way, however once 1st Take-Profit is taken > Stop-Loss is moved to Entry, reducing the risk.
>>>>> # of TPs (number of take profit targets): Just like it is named, this is where you select the number of Take-Profit targets for your trading system (NOTE: If "OCA (no TP or SL)" Trading System is selected, this setting won’t do anything, since there are no TP or SLs for that system).
>>>>> TP(s) offset: This is a special feature for all Take-Profit targets, where you can turn on a customizable offset, so that if the price is almost hitting the Take-Profit target, but never actually touches it > you will capture it. This is good to use with HHLL (Highest High Lowest Low), which is pretty much a Support/Resistance as often the price will nearly touch these strong areas and turn around…
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Signal Analysis and Cleanup Settings
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>>>>> Candle Analysis | Candle Color signal confirmation: If closed candle bar color does not match the signal direction > no trade will be open.
>>>>> Candle Analysis | Skip opposite candle signals: If closed candle bar color will match the signal direction, but candle structure will be opposite (for example: bearish green hammer, long high stick on top of a small green square) > no trade will be open.
>>>>> Candle Analysis | Skip doji candle signals: If closed candle bar will be the uncertain doji > no trade will be open.
>>>>> Divergence/Oscillator Analysis | EWO (Elliot Wave Oscillator) signal confirmation: LONG will only be open if at signal, EWO is green or will be at bullish slope (you can select which setting you desire), SHORT if EWO is red or will be at bearish slope.
>>>>> Divergence/Oscillator Analysis | VWAP signal confirmation: LONG will only be open if at signal, the price will be above VWAP, SHORT if below.
>>>>> Divergence/Oscillator Analysis | Moving Average signal confirmation: LONG will only be open if at signal, the price will be above selected Moving Average, SHORT if below.
>>>>> Divergence/Oscillator Analysis | ATR signal confirmation: LONG will only be open if at signal, the price will be above ATR, SHORT if below.
>>>>> Divergence/Oscillator Analysis | RSI + MACD signal confirmation: LONG will only be open if at signal, RSI + MACD will be bullish, SHORT if RSI + MACD will be bearish.
>>>>> Volume signal confirmation: LONG/SHORT will only be opened with strong Volume matching the signal direction, by default, strong Volume percentage is set to 150% and weak to 50%, but you can change it as you desire.
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TP System - VERY IMPORTANT INFO!
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"TP PERCENTAGE" - amount by which current trade/position needs to be reduced/partially closed/sold.
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TP System: Dynamic
"TP PERCENTAGE" - will always be the same amount (trade/position size divided by the # of take-profit(TP) targets) and percentage to be closed will always be of the ORIGINAL trade/position.
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TP System: Static
"TP PERCENTAGE" - will always be the same amount IF take-profit(TP) targets are hit 1-by-1 (TP1 > TP2 > TP3 > TP4 > TP5), otherwise it will vary and unless it is a 1st take-profit(TP1), the REMAINING trade/position size will always be smaller than original and therefore the percentage to be closed will always be of the REMAINING trade/position and NOT the original one!
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"TP PERCENTAGE" CheatSheet (these are the only percentages you may see)
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TP PERCENTAGE---Close/Sell Amount-------------Example (trade size: 50 stocks)
20%-------------trade size * 0.2--------------50 * 0.2 = 10 stocks
25%-------------trade size * 0.25-------------50 * 0.25 = 12.5(~13) stocks
34%-------------trade size * 0.34-------------50 * 0.34 = 17 stocks
40%-------------trade size * 0.4--------------50 * 0.4 = 20 stocks
50%-------------trade size * 0.5--------------50 * 0.5 = 25 stocks
60%-------------trade size * 0.6--------------50 * 0.6 = 30 stocks
66%-------------trade size * 0.66-------------50 * 0.66 = 33 stocks
75%-------------trade size * 0.75-------------50 * 0.75 = 37.5(~38) stocks
80%-------------trade size * 0.8--------------50 * 0.8 = 40 stocks
100%------------trade size--------------------50 = 50 stocks
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If for any reason a portion of the current/remaining trade closed at such occurrence was slightly wrong, it is not an issue. Such occurrences are rare and with slight difference in partial TP closed is not significant to overall performance of our algorithms.
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Alert Settings (you don’t have to touch this section unless you will be using TradingView alerts through a Webhook to use with trading bot)
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Here is how a LONG OPEN alert looks like.
NOTE: Each label , , etc. is customizable, you can change the text of it within indicator Input settings.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: OPEN
ENTRY: 20000
TP1: 20500
TP2: 21000
TP3: 21500
TP4: 22500
TP5: 23500
SL: 19000
Leverage: 0
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Here is how a TP1 alert will look with 5 TPs breakdown of the trade.
NOTE1: Next to TP1 taken it will show at which price it was triggered.
NOTE2: Next to "TP Percentage" it shows how much of the CURRENT/ACTIVE/REMAINING trade needs to be closed.
NOTE2: If TP2/3/4/5 comes before TP1 - the alert will tell you exactly how many percent of the trade needs to be closed!
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: TP1
TP1: 20500
TP Percentage: 20%
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Here is how an alert will look for LONG - STOP-LOSS.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
ENTRY: 20000
LONG: SL
SL: 19000
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Here is how an alert will look for LONG - EOD (End of Day) In Profit close.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: EOD-Close (profit)
ENTRY: 20000
EOD-Close: 21900
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Adding Alerts in TradngView
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-Add indicator to chart and make sure it is configured (check back-testing results)
-Right-click anywhere on the TradingView chart
-Click on Add alert
-Condition: Select this indicator by it’s name
-Alert name: Whatever you want
-Hit “Create”
-Note: If you change ANY Settings within the indicator – you must DELETE the current alert and create a new one per steps above, otherwise it will continue triggering alerts per old Settings!
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If you have any questions or issues with the indicator, please message me directly via TradingView.
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Good Luck! (NOTE: Trading is very risky, past performance is not necessarily indicative of future results, so please trade responsibly!)
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NOTE: There seems to be a strange glitch when strategy is running live, it will show "double-take" take-profits labels on the chart. This is not affecting the script logic and backtesting results, if you will remove/re-add the script afterwards, it will no longer show the duplicate orders... this must be some sort of a glitch as every alert was thoroughly tested to make sure everything is working!
Bank Nifty ScalpingThis indicator is designed for scalping purposes.
Users have the option to input the desired source and enable or disable the following indicators:
Multiple EMA (Exponential moving average)
Simultaneously displays multiple moving averages to quickly identify shifts in momentum and obtain confirmation from slower-moving averages.
By default, the EMA display settings are configured to show the 20-day EMA and the 200-day EMA. However, users have the flexibility to modify the display settings according to their preferences. This means that users can customize the indicator to show the EMA values of their choice, such as EMA 50 and EMA 100.
VWAP ( Volume weighted average price )
Default value is set to ‘hl2’
A bullish trend is indicated when the price is above the Volume Weighted Average Price (VWAP), while a bearish trend is indicated when the price is below the VWAP.
VWMA ( Volume weighted moving average )
In the VWMA (Volume Weighted Moving Average) indicator, a default value of 20 is used. If the price is higher than the VWMA, it typically indicates a bullish trend. Conversely, if the price is lower than the VWMA, it suggests a bearish trend. The VWMA takes into account both price and volume, providing a weighted average that can help identify shifts in market sentiment.
Multiple SuperTrends
Default value is 10 and 2 / 10 and 3
A bullish trend is identified when the price is above the SuperTrend indicator, whereas a bearish trend is observed when the price is below the SuperTrend indicator.
Camarilla Pivot Points (Level 3 and 4 only)
Levels 3 and 4 serve as crucial support and resistance levels, acting as the final line of defense against strong trends. These levels are expected to generate reversals, where price often changes direction.
CPR ( Central Pivot Points)
The Daily Central Pivot Point Indicator is a popular tool used in technical analysis. It calculates several levels based on the previous day's high, low, and closing prices.
Strong Volume
The user has the ability to set the average volume for Nifty and BankNifty indices to calculate strong volume.
Elder Impulse System
The Impulse System, developed by Alexander Elder and discussed in his book "New Trading for a Living," is a censorship trading system designed to determine whether a trade should be allowed or prohibited. Additionally, it can be used to identify when a trend is starting to weaken. The Impulse System relies on the following factors:
1. Slope of a Fast Exponential Moving Average (EMA): The fast EMA's slope reflects the price's inertia or momentum.
2. Slope of the Moving Average Convergence Divergence (MACD): The MACD's slope indicates the strength or power of the price movement.
Based on these factors, the Impulse System categorizes candles or price bars into three colors:
* Green Candle: When both the fast EMA and MACD are rising, indicating upward momentum.
* Red Candle: When both the fast EMA and MACD are declining, suggesting downward momentum.
* Blue Candle: In all other cases where the conditions for green or red candles are not met, representing a neutral or uncertain market condition.
By applying the Impulse System, traders can gain insights into the market trend, its strength, and potential shifts in momentum, helping them make informed trading decisions.
Happy Trading
Rolling Pivot PointsStandard Pivot Points are calculated from the previous day’s (week/month/year) close/low/high values. But what is the day close for cryptocurrencies trading 24/7 on exchange? Does it make sense to use a specific time price as a close if it continues trading after that?
So I solved that issue with Rolling Pivot Points, where I calculate pivot points not at the end of the period but for every bar on a rolling basis. Every time I recalculate pivot points, I look at a window of period length in bars and base my calculations on these bars. This way, you get smooth pivot points changing with every bar, and it should better represent support and resistance for the price.
In this indicator, I implement three types of pivot points.
Camarilla
Fibonacci
Traditional
In terms of period, you can select any one you want. If you’ll keep Auto Indicator well, compute period automatically. For two days, for example, use ‘Day’ in Period and 2 in Period Mult parameters.
You can also change the type of MA used to smooth Pivot Points.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may perform less well than in historical backtesting.
This post and the script don’t provide any financial advice.
ViVen - EXP - Signals with AlertsHi Friends,
Here the trading made easy with Signals...
The main purpose of this indicator is to identify the Support and Resistance levels well in advance to make ourselves ready for the Entries with confidence..
With this indicator we will be able to identify the Market Structure and Trend to initiate our trades.
Multi Timeframe Concepts are considered in some cases to capture the Golden Zones.
Details of the Indicator:
Method of Trading – Intraday, Positional or Swing – Indices, Stocks and Commodity Markets
Golden Zones : When two or more indicator levels are confluences at one price point which will act as Strong Support and Resistance in the Market. That is called Golden Zone.
CPR & Pivot (Daily / Weekly / Monthly) – Based on the previous Timeframe values, it will automatically calculates the Support and Resistance values for the upcoming Sessions.
BUY / SELL Levels (W-Refers the Weekly levels) – Possible Reversal in the market we can expect at this price level. Depends on the Time frame (Daily/Weekly)
Bull BO / Bear BO (W-Refers the Weekly levels) – Possible Breakout level, If breakout happens price will move to reach the Target 1 and 2 Points based on which side the price breaks ( BULLISH / BEARISH ). We can initiate our BUY/SELL Entries.
Target 1 & Target 2 – Once the Price breaks the Breakout (Bull BO / Bear BO) levels, it will try to reach the Target Points where we can book our profits.
Tomorrow Levels - This will help us to enable the next day trading session Support and Resistance Levels in advance to do pre-analysis to prepare for the Entry and Exits.
Colored Candles : Lime Green and Violet colored candles will indicate the Possible Trend Reversals.
Triangles : Orange and Violet triangles will indicate the Confirmation of Trend Reversal.
BUY / SELL Signal – Considering the momentum and the Trend change it will suggest the possible entry time.
Dashboard :
1. Weekly Trend : This will indicate how the current week trend is going to be – Trending / Sideways
2. Today – Current Session expectation in the Market ( Bullish / Bearish )
3. Sentiment – Indicates the Traders mind set (Positive/Negative Side)
4. Range - This will indicate how the current Day trend is going to be – Trending / Sideways
5. MB / MA Trend – This identifies the major trend (Is the Stock / script in Up Trend or Down Trend)
6. Other Parameters – Will indicates the present situation in the market
7. RSI Values – This is to know and understand the momentum of the particular script
Levels Name Explanations:
1. DPP – Daily Pivot Point
2. WPP – Weekly Pivot Point
3. WTC – Weekly Top Central Pivot
4. WBC – Weekly Bottom Central Pivot
5. PDH – Previous Day High
6. PDL – Previous Day Low
7. PWH – Previous Week High
8. PWL – Previous Week Low
9. PMH – Previous Month High
10. PML - Previous Month Low
11. WR1, WR2 – Weekly Resistance Levels 1 & 2
12. WS1, WS2 – Weekly Support 1 & 2
13. 5m 200 EMA – 5 Minutes 200 Period Exponential Moving Average
14. 15m 200 EMA – 15 Minutes 200 Period Exponential Moving Average
15. 1H 200 EMA – 1 Hour 200 Period Exponential Moving Average
16. 1H 200 SMA – 1 Hour 100 Period Simple Moving Average
17. 1D 200 EMA – Daily TF 100 Period Exponential Moving Average
Settings:
To turn ON and OFF any of these levels if it does not require, Go to Indicator Settings and disable the specific levels.
Alerts:
You can enable the Buy / Sell signal Alerts by creating new alert.
To Access the Indicator:
If you want to know more about the indicator & to access for your trading please check the link in the signature below.
If you have any doubts please mention it in the comment section.
Looking forward your valuable comments and feedbacks to improve further in accuracy of our Trading.
Thanks!!
Waddah Attar Weekly Camarilla Pivots [Loxx]Waddah Attar Weekly Camarilla Pivots is an indicator built by Ahmad Waddah Attar that draws weekly Camarilla over lower timeframes.
What are Camarilla pivots?
Camarilla Pivot Points is a math-based price action analysis tool that generates potential intraday support and resistance levels. Similar to classic pivot points, it uses the previous day's high price, low price, and closing price.
Camarilla Pivot Points is a modified version of the classic Pivot Point. Camarilla Pivot Points were introduced in 1989 by Nick Scott, a successful bond trader. The basic idea behind Camarilla Pivot Points is that price has a tendency to revert to its mean until it doesn’t. What makes it different than the classic pivot point formula is the use of Fibonacci numbers in its calculation of pivot levels. Camarilla Pivot Points is a math-based price action analysis tool that generates potential intraday support and resistance levels.
Details
-Used for intraday trading to identify support/resistance levels
-Restricted to timeframes 4 hours and below
-Unlike most versions of Weekly Camarilla Pivots, this version allows you to customize the Fibonacci levels
Camarilla PivotsA slimmed down/cleaner version of the "Pivot Points Standard" indicator. This is for Camarilla pivots only. The S and R pivots are renamed to L/H and the colors of pivot 1 and 2 are faded out by default since those pivots are less used in the Camarilla trading system. They can also be disabled of course.
20 Camarilla Pivot PointsThis indicator plots 20 Camarilla pivot points above and below the pivot based on the selected time frame. This is useful when price goes between the standard 3 and 4 pivots and above 4. Note that the normal 4 pivot point is labeled as 6 in this indicator. You can change the color of each set of pivots so you can mark the standard Camarilla pivots if you wish. The image is using monthly Camarilla pivots on a 1 hour time frame.
Quantum Basic Radar PanelOverview
One of the biggest issues trading any market is in keeping track of trading opportunities as they arise across all the various timeframes without having multiple monitors or charts open and this is where the Radar Panel steps in. Using TradingView’s Table function, we have incorporated a host of our leading indicators on the panel which can be applied to any timeframe and from which you can instantly spot opportunities as they arise whether in terms of trend, reversals, volatility, or volume. In addition, when using a scanner such as this, it also highlights broad sentiment if, for example, you have added currency pairs from the same matrix or a group of stocks from the same sector. And you can of course have multiples open across the various timeframes.
The Quantum Radar Panel is a powerful indicator that keeps track of indicator signals of up to 10 different symbols in real time. For each symbol, it can display the current signals of 4 Quantum Trading indicators namely:
Quantum Tick Volumes
Quantum Dynamic Price Pivots
Quantum Dynamic Volatility
Quantum Live Camarilla Levels
It can also display the current Open, High, Low, and Close prices of each symbol. Each indicator has 1 or more columns allotted to them to display information about their respective signals. Below we will discuss what each indicator does and how it displays its signals in the Radar Panel.
Tick Volumes
Volume is a powerful leading indicator, yet few traders ever take advantage of its awesome power. Why? Because identifying volume trends using the standard indicator can be confusing, and judging volume height even more so!
The Quantum Tick Volumes indicator takes a simple tool and makes it come to life! First, it paints the volume bar to match the candle. This makes it quick and easy to identify buying and selling volume with the associated price action.
Second, the Quantum Tick Volume indicator displays a dynamic mid-point, instantly telling you whether volumes are high, average or low in the session. No more guesswork! Volume analysis made simple – making it easy to spot profitable trading opportunities – fast!
In the Radar Panel, the Tick Volumes indicator displays 2 columns -Volume and Midpoint.
Columns
Volume – this column displays the current volume of the symbol and changes colors according to the sentiment of the current candle.
Midpoint – this column displays half of the highest volume bar within the current day and it is visible in intraday timeframes only
Dynamic Price Pivots
The Quantum Dynamic Price Pivots indicator could best be described as the Swiss army knife of trading. Power, simplicity and functionality all in one tool. Many traders struggle to identify reversal points based on price action alone. Why? Because you need to have a complete understanding of candlesticks, candles and candle patterns.
The dynamic pivot appears once a three-candle price pattern is created. This is one of the first signs of a possible change in sentiment, based on the price action alone. A pivot high in an uptrend, and pivot low in a down trend. So, whether you are trading long or short, the Quantum Dynamic Price Pivots indicator will instantly give you a visual signal to – pay attention! Powerful, yet so simple, and two indicators in one!
In the Radar Panel, the Dynamic Price Pivots indicator displays the last signal (isolated high or isolated low) and the number of bars since it was last seen.
Column
Last Signal – this column displays the last pivot arrow that appeared in the chart in the form of an upward (isolated low) or downward (isolated high) arrow and the number of bars since it was detected. The cell turns yellow when the arrow is seen in the last 3 bars or less.
Dynamic Volatility
Volatility can be both good and bad. Great for making money fast. Not so good when you’re on the losing side! But how do you know when a market is volatile. Is the price action you are seeing normal for that currency pair? And more importantly, what is normal?
The Quantum Dynamic Volatility indicator is designed with one objective in mind. To show you, dynamically volatile price action. You then decide, based on the price action, whether to wait, or take advantage. One of the hardest things to learn in trading, is when to stay out. The Quantum Dynamic Volatility indicator makes this child’s play – keep you safe. It could almost be called your safety belt!
In the Radar Panel, the Dynamic Volatility indicator displays the number of bars since a volatile candle was last seen.
Column
Last Signal – this column displays the number of bars since a volatile candle was detected. The cell turns magenta when the signal is seen in the last 3 bars or less.
Live Camarilla Levels
What is the Camarilla protocol, how does it work and what will it do for me?
Put simply it is a chameleon of an indicator and will appeal whether you are a more discretionary type of trader, making and taking decisions yourself, or if you prefer a more systematic or mechanical approach often associated with an EA for example. With the Camarilla levels indicator both approaches can be embraced and accommodated.
The Camarilla protocol has its roots in the open outcry trading pits, where traders considered floor pivots an essential tool. Based on these original ideas and incorporating the Camarilla equation we have developed a unique indicator which delivers clear and precise price-based support and resistance levels, which act as targets for profits, triggers for potential reversals, signals for possible breakouts, and finally stop loss placement. So, if you’re a swing or reversal trader, it’s the perfect indicator. Equally if you prefer breakout trading, again it’s the perfect indicator. And all with predetermined and clear levels for any price objectives and profit targets, with stop loss placement covered also.
In other words, a complete indicator, and one which is delivered with potential trading setups built in to help you see when key levels are being approached or breached. And to help you further when using the indicator, we have also included some simple messages to guide you as the various levels are approached and tested.
In the Radar Panel, the Live Camarilla Levels indicator displays the 12 Camarilla levels in descending order, R6 to R1 and S1 to S6, as well as the Analysis based on where the current price is situated among the 12 levels.
Columns
Analysis – this column displays messages that can guide you as the various levels are approached and tested.
R6 – R1, S1 – S6 (12 columns) – these columns display the 12 Camarilla levels calculated for the current timeframe and each one changes colors depending on the current price
OHLC Prices
Apart from the 4 Quantum indicators, the Radar Panel also displays the current OHLC prices of each symbol.
Open
High
Low
Close
Their color changes depending on the current price action.
With the portability of the TradingView platform, having the Radar Panel in your set of tools truly puts all the power of 4 Quantum indicators right at your fingertips. Get yours now.
Quantum Radar PanelOverview
One of the biggest issues trading any market is in keeping track of trading opportunities as they arise across all the various timeframes without having multiple monitors or charts open and this is where the Radar Panel steps in. Using TradingView’s Table function, we have incorporated a host of our leading indicators on the panel which can be applied to any timeframe and from which you can instantly spot opportunities as they arise whether in terms of trend, reversals, volatility, or volume. In addition, when using a scanner such as this, it also highlights broad sentiment if, for example, you have added currency pairs from the same matrix or a group of stocks from the same sector. And you can of course have multiples open across the various timeframes.
The Quantum Radar Panel is a powerful indicator that keeps track of indicator signals of up to 10 different symbols in real time. For each symbol, it can display the current signals of 6 Quantum Trading indicators namely:
Quantum Tick Volumes
Quantum Dynamic Price Pivots
Quantum Dynamic Volatility
Quantum Trends
Quantum Trend Monitor
Quantum Live Camarilla Levels
It can also display the current Open, High, Low, and Close prices of each symbol. Each indicator has 1 or more columns allotted to them to display information about their respective signals. Below we will discuss what each indicator does and how it displays its signals in the Radar Panel.
Tick Volumes
Volume is a powerful leading indicator, yet few traders ever take advantage of its awesome power. Why? Because identifying volume trends using the standard indicator can be confusing, and judging volume height even more so!
The Quantum Tick Volumes indicator takes a simple tool and makes it come to life! First, it paints the volume bar to match the candle. This makes it quick and easy to identify buying and selling volume with the associated price action.
Second, the Quantum Tick Volume indicator displays a dynamic mid-point, instantly telling you whether volumes are high, average or low in the session. No more guesswork! Volume analysis made simple – making it easy to spot profitable trading opportunities – fast!
In the Radar Panel, the Tick Volumes indicator displays 2 columns -Volume and Midpoint.
Columns
Volume– this column displays the current volume of the symbol and changes colors according to the sentiment of the current candle.
Midpoint – this column displays half of the highest volume bar within the current day and it is visible in intraday timeframes only
Dynamic Price Pivots
The Quantum Dynamic Price Pivots indicator could best be described as the Swiss army knife of trading. Power, simplicity and functionality all in one tool. Many traders struggle to identify reversal points based on price action alone. Why? Because you need to have a complete understanding of candlesticks, candles and candle patterns.
The dynamic pivot appears once a three-candle price pattern is created. This is one of the first signs of a possible change in sentiment, based on the price action alone. A pivot high in an uptrend, and pivot low in a down trend. So, whether you are trading long or short, the Quantum Dynamic Price Pivots indicator will instantly give you a visual signal to – pay attention! Powerful, yet so simple, and two indicators in one!
In the Radar Panel, the Dynamic Price Pivots indicator displays the last signal (isolated high or isolated low) and the number of bars since it was last seen.
Column
Last Signal – this column displays the last pivot arrow that appeared in the chart in the form of an upward (isolated low) or downward (isolated high) arrow and the number of bars since it was detected. The cell turns yellow when the arrow is seen in the last 3 bars or less.
Dynamic Volatility
Volatility can be both good and bad. Great for making money fast. Not so good when you’re on the losing side! But how do you know when a market is volatile. Is the price action you are seeing normal for that currency pair? And more importantly, what is normal?
The Quantum Dynamic Volatility indicator is designed with one objective in mind. To show you, dynamically volatile price action. You then decide, based on the price action, whether to wait, or take advantage. One of the hardest things to learn in trading, is when to stay out. The Quantum Dynamic Volatility indicator makes this child’s play – keep you safe. It could almost be called your safety belt!
In the Radar Panel, the Dynamic Volatility indicator displays the number of bars since a volatile candle was last seen.
Column
Last Signal – this column displays the number of bars since a volatile candle was detected. The cell turns magenta when the signal is seen in the last 3 bars or less.
Trends
All traders know that price is a leading indicator. Yet few traders ever discover how to correctly interpret the start of a new trend, or indeed the end of an old one. To add further complexity, markets spend over 70% of their time in congestion, moving sideways in a narrow range. The traders worst enemy.
What’s the answer? Step forward – the Quantum Trends indicator. With this simple and elegant indicator, dynamic trends are painted for you instantly and dynamically, in real time. In trading any market, you need to be quick on your feet, and the Quantum Trends indicator delivers in spades! But even better, not only will it signal your possible entry and exit, but it also signals a market in congestion – equally important. Knowing when to stay out, is just as important as knowing when to get in.
In the Radar Panel, the Trends indicator displays where the last trend dot is heading and the sentiment of the dot or the trend direction.
Columns
Dot – this column displays whether the current trend dot is going upwards, downwards, or sideways
Trend Direction – this column displays the sentiment of the current trend dot and its color
Trend Monitor
One of the hardest things to do in trading, is to stay in, and take the maximum profit from any position. You know how it goes. You get in and all is going well. Then the market reverses. You get frightened, and close out. What happens next?
Yes, you guessed it – the market reverses again and starts to move fast. Now it’s too late. You have missed out on some great profits, and are left wishing you had stayed in.
That’s why we developed the Quantum Trend Monitor. It does just that. It monitors the strength of the trend. It will help you stay in, when your emotion is telling you to get out. The Trend Monitor will give you the confidence, not just to stay in, but to take the maximum profit from each and every trade.
In the Radar Panel, the Trend Monitor indicator displays where the trend line (one of Trend Monitor’s 2 modes) is heading at and the current sentiment or trend direction.
Columns
Trend Line – in the indicator proper, the trend line shows the progression or steepness of the trend’s momentum, and this information is simplified as the direction of the line, whether it is going upwards, downwards, or sideways.
Trend Direction – this column displays the current sentiment and its color
Live Camarilla Levels
What is the Camarilla protocol, how does it work and what will it do for me?
Put simply it is a chameleon of an indicator and will appeal whether you are a more discretionary type of trader, making and taking decisions yourself, or if you prefer a more systematic or mechanical approach often associated with an EA for example. With the Camarilla levels indicator both approaches can be embraced and accommodated.
The Camarilla protocol has its roots in the open outcry trading pits, where traders considered floor pivots an essential tool. Based on these original ideas and incorporating the Camarilla equation we have developed a unique indicator which delivers clear and precise price-based support and resistance levels, which act as targets for profits, triggers for potential reversals, signals for possible breakouts, and finally stop loss placement. So, if you’re a swing or reversal trader, it’s the perfect indicator. Equally if you prefer breakout trading, again it’s the perfect indicator. And all with predetermined and clear levels for any price objectives and profit targets, with stop loss placement covered also.
In other words, a complete indicator, and one which is delivered with potential trading setups built in to help you see when key levels are being approached or breached. And to help you further when using the indicator, we have also included some simple messages to guide you as the various levels are approached and tested.
In the Radar Panel, the Live Camarilla Levels indicator displays the 12 Camarilla levels in descending order, R6 to R1 and S1 to S6, as well as the Analysis based on where the current price is situated among the 12 levels.
Columns
Analysis – this column displays messages that can guide you as the various levels are approached and tested.
R6 – R1, S1 – S6 (12 columns) – these columns display the 12 Camarilla levels calculated for the current timeframe and each one changes colors depending on the current price
OHLC Prices
Apart from the 6 Quantum indicators, the Radar Panel also displays the current OHLC prices of each symbol.
Open
High
Low
Close
Their color changes depending on the current price action.
With the portability of the TradingView platform, having the Radar Panel in your set of tools truly puts all the power of 6 Quantum indicators right at your fingertips. Get yours now.
Dynamic Pivot Box for Month and YearThe basic idea of the ‘Dynamic Pivot Box’ is to show only the Pivots that are closer to the Price. This is, the nearest pivots acting as support and resistance; thus hiding all other pivots which are further away from the price and also hiding the pivots from previous periods… Pivots will be hidden until price breaks out from the current box and moves to the next one. Hopefully, with this change you can focus more on the actual price action/ price patterns on the chart rather than on several/ noisy lines on the screen.
**Please note that the recommended use for this indicator is on the daily or higher timeframes if you want to see Year pivots... Monthly pivots can be still seen on the hourly chart, but I am afraid that lower timeframes will not plot the indicator properly.**
The Pivots are taken from Frank Ochoa’s book ‘Secrets of a Pivot Boss’, so if you are not familiar with them, I would recommend you to first take a look at the theory behind them.
The Pivots in this indicator are divided in two groups: ‘Standard pivot’ and ‘Camarilla’ pivots.; and then this latter is group is divided in two also: the ‘Main Camarilla’ and ‘Regular Camarilla pivot’. You can select which groups of pivots are taken into account for the ‘Dynamic Pivot Box’.
If you decide to select all Three Groups: ‘Standard Pivot’, ‘Main Camarilla’ and ‘Regular Camarilla pivot’ you will see ALWAYS 4 pivots surrounding the price. My recommendation is to select only ‘Standard Pivot’ and ‘Main Camarilla’ so that you see only between 2-3 pivots on the screen. This recommended view is actually the default settings.
In addition, if you want to further reduce noise from the chart, you can unselect the ‘Lines’ option within the SETTINGS/ STYLE menu.
What you see on the chart/sample is actually this indicator plotted twice:
1. Year Pivots which have the default settings and are shown as white ines
2. Month Pivots have also the default settings BUT I also selected the option ‘Previous Pivots’ to show the pivots from previous period , and also I unselected the ‘Lines’ options as mentioned above to reduce noise.
You are more than welcome to enhance the current version, my only ask is to please share the enhanced version back with the community. I wish I could make amends or modify the current version myself but I actually just came up with the idea and I paid a coder in Fiverr to develop it.
PIVOT EDGE - KATANAIntroduction to the Indicator " PIVOT EDGE - KATANA " . Katana means the sword in Japanese that the legendary samurai warriors used which was sharp , swift and strong to take on any opponent and gave an edge to win. This Indicator also has some of the unique features and hence it is aptly named so.
The Foundation layout for this indicator is based on PIVOT's which are nothing but the most important levels that the price has respected in the past. The values for the pivots are derived from the key attributes of the price in any timeframe such as the OPEN, HIGH, LOW and CLOSE. These define the mood of the price and where it intends to move in relation to the previous range formed. Earlier HIGH - LOW i.e the RANGE indicates the possible movement that a stock can make in the current session and as per the calculated pivots we can possible find out the tentative supports and resistances. In addition to this indicator, It is advisable to use the price action theory which helps in taking a right decision for entries.
This indicator by itself is complete in nature, i.e it guides the user for possible entry levels and the projected targets that we can achieve and also the likely stop loss limit in case the price reverses. So beforehand even before entering into a trade position, the user can ascertain what can be his loss or max profit and then he can chose an optimum position size for favorable results.
The beauty of this Indicator lies in the fact that it can be used for all types of trading like Scalping, Intra day, Swing or Positional and Investments also. It works on all timeframes and across all market segments like EQUITY, COMMODITIES , FUTURES , OPTIONS , FOREX etc.
This indicator can be used for any exchange and any time zone also without any changes or adjustments needed.
Now let us understand the features of this Indicator in detail.
TIMEFRAME - It has options to choose between Day, week and month as timeframe. By default it is set to Day timeframe
DISPLAY MAJOR LEVELS - These are the important support and resistance levels calculated based on the past price data. Most important ones are marked in BOLD RED and BOLD GREEN between which the price tends to move generally.
Apart from these, We have breakout level marked in light green and if price breaks this level we can expect targets upto extended levels and beyond marked in blue.
we also have breakdown level marked in light red and if price breaks this level we can expect targets down up to extended levels and below it marked in blue.
DISPLAY HIDDEN LEVELS - These levels are intermediate supports and resistances that can be used whenever the present day indicated range is very wide. Whenever we have an explosive moments in market the range of that day is very huge and so he next day support and resistance band becomes very wide indicating the sideways movement day within that range. And on those days we can switch on the hidden levels and the price respects these levels and most of the days it is inside this range only.
DISPLAY PREVIOUS HIGH / LOW / CLOSE - I have included Daily / Weekly levels. It is important to know the earlier highs / lows and close since price respects it very must just like support and resistance .
MID OF PEMA - This is an important EMA based indicator which potentially indicates curves of support and resistance during retracements or pullbacks. If the curve is breached then the trend is reversed and the price will tend to move to the next pivots . You can use this as trailing stop loss.
CPR - Central Pivot range, An Important tool for the CPR purists. I am using this particular CPR , TC , BC Band as a colored band indicating whether it is ascending or descending bias. The Band color is GREEB when the CPR is ascending up compared to yesterday and RED when is descending. By the width and narrowness of CPR you can ascertain the trading range and this information is available right after the market close so that you can plan your trades for tomorrow.
SENTIMETER LINE - Gives you a glimpse of the market sentiment at the pre open. Based on this you can know if there is a shift in the sentiment of Buyers / sellers and if price is accepted or rejected. This level acts as an important support / resistance level.
VWAP - Volume weighted average price , One of the widely used and maybe the only Indicator used on charts by most pro traders and big institutions. It gives you an Idea of the volumes that are getting traded in huge quantity and will act as a magnet attracting and also repelling price.
CANDLE MID POINT - This is small feature that's is very important but gets ignored because of lack of knowledge or awareness by traders. Most of the times the mid of the explosive or momentum candles becomes the last line of defense for Buyers / sellers and you can see the battle happening exactly at this point.
THE TURNING POINT - As the name suggests, most of the times price gets turned away from this because lot of fresh and unfilled orders are waiting to be executed at this level. So it becomes an important profit booking or fresh entry level
SCALPERS MAGIC CURVE - This is a high speed curve which has zero lag and very dynamic in nature which reacts quickly to the change in price. Go long when it is trending up and Blue in color, close trade when it turns orange and makes a U turn and vice versa. Most suited for scalpers who trade in 2 to 5 mins time frame. When you want to use this, switch off all other below parameters.
SMART RIBBON - The best and the new unique feature of this curve. As compared my other previous Indicators which had PEMA curve as the base for trend Identification, Here i am introducing this ribbon concept which is much faster reacting to the change in trend and gives you very early entry and also early exits so that you can get the maximum gains from the trend. In a way you can catch the fall right from the start till the end and exit at the end of the trend. Blue for uptrend and Orange for Downtrend.
MARKET BIAS INDICATOR - Again one more unique feature introduced in this Indicator. This feature will paint the chart background in Light blue for BUY ZONE And light yellow for SELL ZONE. You can look to BUY or SELL based on the background color and hence it prevents you from entering trade in wrong or opposite direction. You can avoid trade when there is too much crisscross of colors indicating sideways or range bound market.
BUY SELL TRIGGERS - This features is built on smart logic based on price action / Candle patterns / pivots and my trading experience. It colors the candle bars into LIME GREEN / PINK whenever Buying / Selling opportunities are seen. This is also paired with the alert system which can be used to set automatic sound and desktop notifications. Based on the type of account you hold in trading view you can set alerts for upto 400 stocks.
SMART CANDLE COLORING - If you don't want to do the work of finding the trend and looking for right entry location and exit levels, then you can simply use this feature which makes trading look so simple and easy. This is like an AUTO PILOT mode or CRUISE mode where it colors the candles in only BUY ZONE color ( LIME GREEN ) or SELL ZONE color ( PINK ). Take entry above the high of the first candle and be in the trade as long as you see the opposite color. When you want to use this feature, switch off the BUY SELL TRIGGER.
It is advised that you first learn how this indicator works by back testing historical data and also forward testing in live market by way of paper trading before you deploy real money.
IMPORTANT NOTE : This indicator does not guarantee any favorable results nor protect your from any loss. You own the complete risk of your trades. It is suggested that you use this indicator and do back testing for considerable period to understand how it works the the potential win rate it can give. If you have any doubts or need any clarifications of assistance in understanding, you can message me and I will try to help.
Happy and Safe trading - Mohan from PIVOT EDGE
Contact for getting access to this Indicator. Send a personal message on trading view or on my whatsapp no 9353160775
Multi Pivot Points - All in One IndicatorThis multi pivot indicator allows you to plot and overlay different types of pivot points:
-Fibonacci
-Floor Traders
-Camarilla
In addition to this, you can plot pivots from two different timeframes of your choice, for example the daily & weekly pivots, monthly & yearly, etc.
-You can select the linestyle, width and color of each pivot type for easy recognition of levels.
-You can choose to show only the current set of pivots or you can show the historical levels too.
This indicator allows traders to search for high probability targets or support and resistance zones via the confluence of both different pivot types and timeframes. These levels can work for either day traders or longer terms traders.
In the case of Fibonacci levels these can be chosen in the menu.
Enjoy!!
CheckmateTrades - Pivots End GameThis indicator is based on the Pivot study. Traders will be able to plot CPR, Standard floor pivots as well as Camarilla Pivots on multiple timeframes.
Why pivots from multiple timeframes are relevant and included in this one indicator?
We can analyse pivots on multiple timeframes for different trading setups. As in, Daily floor pivots are best suited for analysing the market trend for Day trading. Similarly, Weekly and Monthly floor pivots can be analysed for Swing and positional trading entries. Whereas yearly pivot is best suited for trend analysis for investment purpose.
What is the relevance of plotting tomorrow's pivot level in advance?
Pivot are calculated based on the price happened on a previous day. And hence trader can plot tomorrow pivots in advance to shortlist stocks for tomorrow's trading session.
TimeFrames Available to traders are –
1. Daily
2. Weekly
3. Monthly
A) Daily Pivots
Present Day –
1. Trader can plot Daily CPR
2. Trader can plot Daily R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Daily S1, S2, S3 and S4 pivot support levels
4. Trader can plot Daily Camarilla levels
Future Day –
1. Trader can plot Tomorrow CPR
2. Trader can plot Tomorrow R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Tomorrow S1, S2, S3 and S4 pivot support levels
4. Trader can plot Tomorrow Camarilla levels
5. Previous Day High and Low
B) Weekly Pivots
Present Week –
1. Trader can plot Present week CPR
2. Trader can plot Present week R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Present week S1, S2, S3 and S4 pivot support levels
4. Trader can plot Present week Camarilla levels
Next Week –
1. Trader can plot Next week CPR
2. Trader can plot Next week R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Next week S1, S2, S3 and S4 pivot support levels
4. Trader can plot Next week Camarilla levels
5. Previous Week High and Low
C) Monthly Pivots
Present Month –
1. Trader can plot Present Month CPR
2. Trader can plot Present Month R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Present Month S1, S2, S3 and S4 pivot support levels
4. Trader can plot Present Month Camarilla levels
Next Month –
1. Trader can plot Next Month CPR
2. Trader can plot Next Month R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Next Month S1, S2, S3 and S4 pivot support levels
4. Trader can plot Next Month Camarilla levels
5. Previous Month High and Low
Moreover, I have also included SMA (Simple moving averages) study in this indicator. Trader can add 20,50 & 200 SMA on there charts.
Why is it relevant? Trader can get a visual confirmation of an up-trending or an down-trending move by looking at rising or falling 20 & 50 SMA respectively
Usually in an uptrending stocks. 20 & 50 SMA will move in parallel to each other and will rise upwards. Price will tend to trade above the 20 SMA and 20 SMA will continue to act as a support.
CPR, Camarilla & Moving AverageThis script is created primarily for Intraday trading but can also be used for short and long term trading. This is a combination of Central Pivot Range (CPR), Moving Averages and Camarilla Pivot levels (with inner levels). This helps you to combine the strategies of CPR and Moving Averages to identify the best trading opportunities with greater edge. Central Pivot Range and Camarilla pivots are taken from PivotBoss by Franc Ochoa.
Key features:
# Daily CPR levels
# Weekly CPR levels
# Monthly CPR levels
# Previous Day High and Lows
# Previous Week Highs and Lows
# Previous Month Highs and Lows
# Camarilla Pivots with inner Levels
# CPR Levels for the next Day, Week and Month
# 5 Simple moving averages and 5 Exponential Moving Averages
What separates this script from other scripts with CPR and Moving averages?
# One of the few indicators (if not the only one) which combines the 2 types of Moving Averages, CPR and also Camarilla Pivots.
# CPR Levels for not just the next Day, but for next Week(Weekly CPR) and Month(Monthly CPR) also.
# Hide the previous day's levels according to your wish. This is the most unique feature of this indicator. You can set the number of Daily CPR levels you want to load in the chart. This is not just for the Daily CPR but also for the Weekly and Monthly CPR also. This makes the chart less cluttered and prevents the candles from getting buried in the indicators. Please notice how the previous day's CPR levels are hidden in the displayed demo chart on the script page. In the chart, only one trading day's data is shown(by default).
# This script is OPEN SOURCE.
Strategies :
For CPR & Camarilla Strategies for intraday trading and swing trading refer to the book 'Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market' by Franklin O. Ochoa.
Moving averages strategies :
Moving averages can be combined and also used individually for several strategies
* 9 EMA can be used as trailing stop loss for strong moving trends that helps you to catch big moves.
* 20sma can be used not just trailing stop loss but also for taking re-entry to the trend.
* Golden cross - The golden cross occurs when a short-term moving average crosses over a major long-term moving average to the upside. This indicates a bullish turn in the market. Eg: 50 SMA cuts 200 SMA from below.
* Death Cross - The death cross occurs when the short term moving average crosses the long-term average from above. This indicates a bearish turn in the market. Eg: 50 SMA cuts 200 SMA from above.
* When 20 SMA is above 50 SMA and 20 SMA and 50 SMA are angling up like parallel lines, then it denotes bullish strength. If this happens right after Golden Cross, big moves to the upside can be expected.
* When 20 SMA is below 50 SMA and 20 SMA and 50 SMA are angling down like parallel lines, then it denotes bearish strength. If this happens right after Death Cross, big moves to the downside can be expected.
* When 20SMA and 50 SMA are going flat and crossing each other, then it denotes sideways sentiment.
Moving average strategies are taken from the book 'How to Make Money in Intraday Trading' by Ashwani Gujral. For learning more about how to combine CPR and Moving averages in your trading please refer to this book.
A++ Camarilla ChartChart Only
How to Use Camarilla Pivot Points
Camarilla Pivot Points offer guidance for both sideways and trending markets.
Trading the Camarilla Pivot Points is done on the basis of open price on the next day (or session).
Depending on where price opens, the tool can suggest a trade that could exploit a reversion to the mean or a breakout to new highs or lows.
CENTRAL PIVOT RANGE
Wide CPR >1%= possible ranging day within h3 to l3
Narrow CPR<1%= possible breakout/breakdown day…up to h5 or l5
CPR forming within previous day’s cpr =possible breakout/breakdown day…up to h5 or l5
The Rules Associated with this Indicator are as follows:
Look at the opening price for the stock/ futures / commodities /currency.
CAMARILLA PIVOTS POINT RULES FOR THIS INDICATOR
-------------------------------------------------- Scenario 1 --------------------------------------------------
------------------------- Case 1 - Open price is between H3 and L3 -------------------------
If CPR width >1%
For Long (strong buy signal)
Wait for the price to go below L3 and then when it moves back above L3, buy.
Stoploss- L4.
Target1 - H1
Target2 - H2
Target3 - H3
CPR Test Required? -(NO)
For Short Sell (strong sell signal)
Wait for the price to go above H3 and then when the price moves back below H3, sell.
Stoploss- H4.
Target1 - L1
Target2 - L2
Target3 - L3
CPR Test Required? - (NO)
------------------------- Case 2 - Open price is between H3 and L3 -------------------------
If CPR width >1% nd L3 or H3 are forming within the CPR
For Long (strong buy signal)
Wait for the price to go below L3 and then when it moves back above L3, buy.
Stoploss- L4
Target1 - H1
Target2 - H2
Target3 - H3
CPR Test Required? - (yes)
For Short Sell (strong sell signal)
Wait for the price to go above H3 and then when the price moves back below H3, sell.
Stoploss- H4
Target1 - L1
Target2 - L2
Target3 - L3
CPR Test Required? - (yes)
------------------------- Case 3 Open price is between H3 and L3-------------------------
Not Considering CPR
For Long
Wait for the price to go below L3 and then when it moves back above L3, buy.
Stoploss- L4
Target1 - H1
Target2 - H2
Target3 - H3
For Short Sell
Wait for the price to go above H3 and then when the price moves back below H3, sell.
Stoploss- H4
Target1 - L1
Target2 - L2
Target3 - L3
-------------------------------------------------- Scenario 2 --------------------------------------------------
Open price is between H3 and H4
IF CPR is narrow and width is <1 %
For Long
When price moves above H4, buy.
Stoploss - H3
Target 1 - H5
Target 2 - H6
For Short Sell
When the price goes below H3, sell.
Stopless- H4
Target1 - L1
Target2 - L2
Target3 - L3
-------------------------------------------------- Scenario 3 --------------------------------------------------
Open price is between L3 and L4
For Long
When price moves above L3, buy.
Stoploss - L4.
Target1 - H1
Target2 - H2
Target3 - H3
For Short Sell
When the price goes below L4, sell. Stoploss when price moves above L3.
Target 1 - L5
Target 2 - L6
-------------------------------------------------- Scenario 4 --------------------------------------------------
Open price is outside the H4 and L4
Wait for the prices to come in range and trade accordingly.
PIVOT EDGE - THE COMPLETE TRADING SETUP - CUSTOM TFIntroduction to the Indicator " PIVOT EDGE - The complete trading setup - CUSTOM TF " It means custom timeframe
The Foundation layout for this indicator is based on PIVOT's which are nothing but the most important levels that the price has respected in the past. The values for the pivots are derived from the key attributes of the price in any timeframe such as the OPEN, HIGH, LOW and CLOSE. These define the mood of the price and where it intends to move in relation to the previous range formed. Earlier HIGH - LOW i.e the RANGE indicates the possible movement that a stock can make in the current session and as per the calculated pivots we can possible find out the tentative supports and resistances. In addition to this indicator, It is advisable to use the price action theory which helps in taking a right decision for entries.
This indicator by itself is complete in nature, i.e it guides the user for possible entry levels and the projected targets that we can achieve and also the likely stop loss limit in case the price reverses. So beforehand even before entering into a trade position, the user can ascertain what can be his loss or max profit and then he can chose an optimum position size for favorable results.
The beauty of this Indicator lies in the fact that it can be used for all types of trading like Scalping, Intra day, Swing or Positional and Investments also. It works on all timeframes and across all market segments like EQUITY, COMMODITIES , FUTURES , OPTIONS , FOREX etc.
This indicator can be used for any exchange and any time zone also without any changes or adjustments needed.
Now let us understand the features of this Indicator in detail.
TIMEFRAME - It has options to choose between Day, week and month as timeframe. By default it is set to Day timeframe
DISPLAY MAJOR LEVELS - These are the important support and resistance levels calculated based on the past price data. Most important ones are marked in BOLD RED and BOLD GREEN between which the price tends to move generally.
Apart from these, We have breakout level marked in light green and if price breaks this level we can expect targets upto extended levels and beyond marked in blue.
we also have breakdown level marked in light red and if price breaks this level we can expect targets down up to extended levels and below it marked in blue.
In addition I have coded intermediate target levels that appear in light gray between the extended levels or blue lines. Sometimes when the gap between these targets are huge, price cannot reach the targets and reverses at these intermediate targets. You can use them as targets or trailing stop loss based on your plan
DISPLAY HIDDEN LEVELS - These levels are intermediate supports and resistances that can be used whenever the present day indicated range is very wide. Whenever we have an explosive moments in market the range of that day is very huge and so he next day support and resistance band becomes very wide indicating the sideways movement day within that range. And on those days we can switch on the hidden levels and the price respects these levels and most of the days it is inside this range only.
DISPLAY PREVIOUS HIGH / LOW / CLOSE - I have included Daily / Weekly and monthly levels. It is important to know the earlier highs / lows and close since price respects it very must just like support and resistance .
PEMA - This is an important EMA based indicator which potentially indicates curves of support and resistance during retracements or pullbacks. If the curves are breached then the trend is reversed and the price will tend to move to the next pivots .
IMPORTANT NOTE : This indicator does not guarantee any favorable results nor protect your from any loss. You own the complete risk of your trades. It is suggested that you use this indicator and do back testing for considerable period to understand how it works the the potential win rate it can give. If you have any doubts or need any clarifications of assistance in understanding, you can message me and I will try to help.
Happy and Safe trading - Mohan from PIVOT EDGE
PIVOT EDGE - THE COMPLETE TRADING SETUP - PRO +Introduction to the Indicator " PIVOT EDGE - The complete trading setup - PRO+ "
The Foundation layout for this indicator is based on PIVOT's which are nothing but the most important levels that the price has respected in the past.The values for the pivots are derived from the key attributes of the price in any timeframe such as the OPEN, HIGH, LOW and CLOSE. These define the mood of the price and where it intends to move in relation to the previous range formed.Earlier HIGH - LOW i.e the RANGE indicates the possible movement that a stock can make in the current session and as per the calculated pivots we can possible find out the tentative supports and resistances. In addition to this indicator, It is advisable to use the price action theory which helps in taking a right decision for entries.
This indicator by itself is complete in nature, i.e it guides the user for possible entry levels and the projected targets that we can achieve and also the likely stop loss limit in case the price reverses. So beforehand even before entering into a trade position, the user can ascertain what can be his loss or max profit and then he can chose an optimum position size for favorable results.
The beauty of this Indicator lies in the fact that it can be used for all types of trading like Scalping, Intra day, Swing or Positional and Investments also. It works on all timeframes and across all market segments like EQUITY, COMMODITIES , FUTURES , OPTIONS , FOREX etc.
This indicator can be used for any exchange and any time zone also without any changes or adjustments needed.
Now let us understand the features of this Indicator in detail.
TIMEFRAME - It has options to choose between Day, week and month as timeframe. By default it is set to Day timeframe
DISPLAY MAJOR LEVELS - These are the important support and resistance levels calculated based on the past price data. Most important ones are marked in BOLD RED and BOLD GREEN between which the price tends to move generally.
Apart from these, We have breakout level marked in light green and if price breaks this level we can expect targets upto extended levels and beyond marked in blue.
we also have breakdown level marked in light red and if price breaks this level we can expect targets down up to extended levels and below it marked in blue.
In addition I have coded intermediate target levels that appear in light gray between the extended levels or blue lines. Sometimes when the gap between these targets are huge, price cannot reach the targets and reverses at these intermediate targets. You can use them as targets or trailing stop loss based on your plan
DISPLAY HIDDEN LEVELS - These levels are intermediate supports and resistances that can be used whenever the present day indicated range is very wide. Whenever we have an explosive moments in market the range of that day is very huge and so he next day support and resistance band becomes very wide indicating the sideways movement day within that range. And on those days we can switch on the hidden levels and the price respects these levels and most of the days it is inside this range only.
DISPLAY PREVIOUS HIGH / LOW / CLOSE - I have included Daily / Weekly and monthly levels. It is important to know the earlier highs / lows and close since price respects it very must just like support and resistance .
PEMA - This is an important EMA based indicator which potentially indicates curves of support and resistance during retracements or pullbacks. If the curves are breached then the trend is reversed and the price will tend to move to the next pivots .
VALUE AREA - One of the most important feature of this Indicator is this which is derived from the Volume profile concepts. It indicates the fair value area Indicated by orange band and the upper and lower limits indicated by orange lines. Whenever the price is overvalued or undervalued, it is pushed back to its fair value and we can judge the present price position in relation to the value area and then take position in anticipation of the price reaching its fair value area. This must be coupled with price action for favorable results.
IMPORTANT NOTE : This indicator does not guarantee any favorable results nor protect your from any loss. You own the complete risk of your trades. It is suggested that you use this indicator and do back testing for considerable period to understand how it works the the potential win rate it can give.
If you have any doubts or need any clarifications of assistance in understanding, you can message me and I will try to help.
Happy and Safe trading - Mohan from PIVOT EDGE
Camarilla TradingScenario 1
Open price is between H3 and L3
For Long
Wait for the price to go below L3 and then when it moves back above L3, buy. Stoploss will be when price moves below L4. Target1 - H1, Target2 - H2, Target3 - H3
For Short Sell
Wait for the price to go above H3 and then when the price moves back below H3, sell. Stoploss will be when price moves above H4. Target1 - L1, Target2 - L2, Target3- L3
Scenario 2
Open price is between H3 and H4
For Long
When price moves above H4, buy. Stoploss when price goes below H3. Target 1 - H5,
For Short Sell
When the price goes below H3, sell. Stopless when prices moves above H4. Target1 - L1, Target2 - L2, Target3- L3
Scenario 3
Open price is between L3 and L4
For Long
When price moves above L3, buy. Stoploss when price moves below L4. Target1 - H1, Target2 - H2, Target3 - H3
For Short Sell
When the price goes below L4, sell. Stoploss when price moves above L3. Target 1 - L5,
Scenario 4
Open price is outside the H4 and L4
Wait for the prices to come in range and trade accordingly.
Auto Pitchfork, Fib Retracement and Zig Zag by DGTPitchfork is a technical indicator for a quick and easy way for traders to identify possible levels of support and resistance of an asset's price. It is presents and based on the idea that the market is geometric and cyclical in nature
Developed by Alan Andrews, so sometimes called Andrews’ Pitchfork
It is created by placing three points at the end of previous trends
Schiff and Modified Pitchfork is a technical analysis tool derived from Andrews' Pitchfork
In general, traders will purchase the asset when the price falls near the support of either the center trendline or the lowest trendline. Conversely, they'll sell the asset when it approaches the resistance of either the center line or the highest trendline.
█ Study OPTIONS
Auto Pitchfork , the main aim of the study
Pivots threshold can be customized by “Deviation” and “Depth” input options
Pitchfork Type selection, available options Andrews' Pitchfork (Original), Schiff and Modified Pitchfork
Ability to set ALERTs for the Pitchfork Levels
Ability to add customized levels (all level lines customizable)
Auto Fib Retracement – This is the build-in study of TradingView, slight changes applied to fit with Auto Pitchfork
Zig Zag – Derived from build-in Auto Fib Retracement with some customization options.
█ Usage Tips :
Andrews' Pitchfork (Original) best fit in a Strong Trending Market
Schiff and Modified Pitchfork better with Correcting or Sideways Market. Modified Pitchfork is almost identical to a Parallel Chanel
Disclaimer :
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
