Price Pivots for NSE Index & F&O StocksPrice Pivots for NSE Index & F&O Stocks
What is this Indicator?
• This indicator calculates the price range a Stock or Index can move in a Day, Week or Month.
Advantages of this Indicator
• This is a Leading indicator, not Dynamic or Repaint.
• Helps to identify the tight range of price movement.
• Can easily identify the Options strike price.
• The levels are more reliable and authentic than Gann Square of 9 Levels.
• Develops a discipline in placing Targets.
Disadvantages of this Indicator
• The indicator is specifically made for National Stock Exchange of India (NSE) listed index and stocks.
• The indicator is calculated only for index NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY and Stocks listed in Futures and Options.
• The indicator shows nothing for other indexes and stocks other than above mentioned.
• The data need to be entered manually.
• The data need to be updated manually when the F&O listed stocks are updated.
Who to use?
Highly beneficial for Day Traders, it can be used for Swing and Positions as well.
What timeframe to use?
• Any timeframe.
• The highlighted levels in Red and Green will not show correct levels in 1 minute timeframe.
• 5min is recommended for Day Traders.
When to use?
• Wait for proper swing to form.
• Recommended to avoid 1st 1 hour or market open, that is 9.15am to 10.15 or 10.30am.
• Within this time a proper swing will be formed.
How to use?
Entry
• Enter when the Price reach closer to the Blue line.
• Enter Long when the Price takes a pullback or breakout at the Red lines.
Exit
• Exit position when the Price reach closer to the Red lines in Long positions.
What are the Lines?
Gray Lines:
• Every lines with price labels are the Strike Prices in the Option Chain from NSE website.
• Price moves from 1 Strike Price level to another.
• The dashed lines are average levels of 2 Strike Prices.
Red & Green Lines:
• The Red and Green Lines will appear only after the first 1 hour.
• The levels are calculated based on the 1st 1 hour.
• Red Lines are important Resistance levels, these are strong Bearish reversal points. It is also a breakout level, this need to be figured out from the past levels, trend, percentage change and consolidation.
• Green Lines are important Support levels, these are strong Bullish reversal points. It is also a breakdown level, this need to be figured out from the past levels, trend, percentage change and consolidation.
What are the Labels?
• First Number: Price of that level.
• Numbers in (): Percentage change and Change of price from LTP(Last Traded Price) to that Level.
How to use?
Entry:
• Enter when price is closer to the Red or Green lines.
• Enter after considering previous Swing and Trend.
• Note the 50% of previous Swing.
• Enter Short when price reverse from each level.
• If 50% of swing and the pivot level is closer it can be a good entry.
Exit:
• Use the logic of Entry, each level can be a target.
• Exit when price is closer to the Red or Green lines.
Indicator Menu
Source
• Custom: Enter the price manually after choosing the Source as Custom to show the Pivots at that price.
• LTP: Pivot is calculated based on Last Traded Price.
• Day Open: Pivot is calculated based on current day opening price.
• PD Close: Pivot is calculated based on previous day closing price.
• PD HL2: Pivot is calculated based on previous day average of High and Low.
• PD HLC3: Pivot is calculated based on previous day average of High, Low and Close.
"Time (IST) (Vertical)"
• This is a marker of every 1 hour.
• Usually major price movement happen between previous day last 1 hour (2:15 pm) to today first 1 hour (10:15 pm).
• Two swings can happen between first 2 hour of current day.
• At the end of the day last 1 hour from 2.15 pm another important movement will happen.
• Usually rest of the time won't show any interesting movement.
To the Users
• Certain symbols may show the levels as a single line. For such symbols choose a different Source or Timeframe from the indicator menu.
• Please inform if any of the Symbol's price levels don't react to the pivots, include the Symbol a well.
• Also inform if you notice any wrong values, errors or abnormal behavior in the indicator.
• Feel free to suggest or adding new features and options.
General Tips
• It is good if Stock trend is same as that of NIFTY trend.
• Lots of indicators creates lots of confusion.
• Keep the chart simple and clean.
• Buy Low and Sell High.
• Master averages or 50%.
• Previous Swing High and Swing Low are crucial.
Titik Pivot
CamPivot + Ichimoku IrvineCamPivot + Ichimoku Irvine CamPivot + Ichimoku IrvineCamPivot + Ichimoku Irvine
Fibonacci Pivot Points UltimateA better version of the Fibonacci Pivot Points . I added 100, 138, 161 and 200 support/resistance pivots , lookback function and now you can use daily/weekly/monthly/yearly fibonacci pivot points .
Pivot Points Standard M, W, D (Monthly, Weekly & Daily)This script is based on Pivot Point Standard and is intended for educational purposes only.
"Pivot points are a technical indicator that is used to determine the levels at which price may face support or resistance.
Pivot Points indicator consists of a Pivot (P) level, several support (S) and several resistance (R)."
You can view the Daily timeframe - support/resistance.
You can view the Weekly timeframe - support/resistance.
You can view the Monthly timeframe - support/resistance.
Options to choose "Traditional" or "Fibonacci" or "Woodie" or "Classic" or "DM" or "Camarilla"
Options to choose historical pivots (Number of Pivots Back)
This tool can be handy in any trading process from short-long term trades or timeframes, multiple timeframe analysis, trend trades, swing trades, position trades, and momentum trades.
Credits
Credits to TradingView for original built-in source code
Support and Resistance Multiperiod (Zig Zag Based)Support and Resistance Multiperiod (Zig Zag Based)
What is the indicator?
• The indicator is a multi period (up to 5 lengths) Support and Resistance indicator calculated based on Zig Zag.
Who can use?
Scalpers to Long term investors
What timeframe to use?
• Any timeframe
What are the lines?
• Green lines are Support levels.
• Orange lines are Resistance levels.
How to use?
• Buy Low and Sell High.
• Brighter zones means strong Support or Resistance.
• Weaker zones appear lighter.
• Brighter zones are formed by overlapping of lines from multiple levels of support or resistance.
Indicator Menu
• The indicator can input 5 different Lengths.
• The default settings uses 13, 21, 52, 100 & 200.
• Every option are customizable.
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
Pivot Points Standard Higher Timeframe█ OVERVIEW
This indicator was intended as educational purpose only and alternative way to write pine script in version 5 for Pivot Points Standard.
█ CREDITS
Credits to TradingView for original built-in source code.
█ FEATURES
Display price or percentage.
Change color for labels and lines.
█ USAGE EXAMPLES
DayTrader Multi-Strategy LevelsThe goal of this script is to provider Day Traders with key levels and multiple popular trading strategies right at market open . This includes 5 of the most popular key levels / scalping strategies:
Custom Moving Averages (can be tweaked to length, source, and interval)
Average Daily Range (based on Average Daily Zones using Low, Mid, and High Ranges)
Opening Range Strategy (based on customizing Opening Range and Distances for Profit Taking)
Pivot Points (default calculations for intra-day pivots with a custom bolded pivot for a longer timeframe )
Psych Level (customizable, default rounds to nearest whole Ten for up/low side)
Prior Day level s (defaults for close + low)
The best way to utilize this script is to go into the settings and show/hide the strategies you would like to use for day trading. By having all on (the default) you can spot confluence levels more easily where multiple levels all align. This can help identify key intra-day support or resistance zones.
A recommended method for using this script is to base trades on delta targets; the distance (share price) between key levels. For example, if the distance from the mid-ADR to the ORL (opening range low) is 1.5, we can multiple the delta of an ATM contract by 1.5 to get our expect premium to take profit at.
By default, the opening range is set to cover the first 30minutes of trading, but those settings can be tweaked to your preference.
Example:
Relative Strength Index - Divergences - LibertusHello all,
To ease everyone's trading experience I made this script which colors RSI overbought and oversold conditions and as a bonus displays bullish or bearish divergences in last 50 candles (by default, you can change it).
Script is open source, part of code is from Trading View examples. If you have suggestions or you already made some improvements, please report in comment.
Happy trading and good luck!
TL - VR Pivot PointsPivot Points with mid levels used in the VR Piv Strat.
Pivots are calculated using the following formula:
R3: R1 + (High-Low)
R2: Pivot + (High-Low)
R1: 2 * Pivot - Low
Pivot: (High + Low + Close)/3
S1: 2 * Pivot - High
S2: Pivot - (High - Low)
S3: S1 - (High - Low)
Real IndicatorReal indicator is an indicator to convert ohlcv charts to one oscilator!
there is an effective thing in all charts: "Volume", and I used this thing to mix it by price
Buy: on crossing above to Bollinger-lower-band (on Up-trends)
Sell: on crossing under Bollinger-upper-band (on Down-Trends)
use an SMA-200 to determine trends ;)
Steven Primo's bollinger bands strategyHi, this strategy is taken from a video made by Steven Primo. You can look it up on YouTube if you want to know about it.
It is a mean-reversion strategy based on the Bollinger Bands, in which we wait for 5 consecutive closes above the upper band, and for a short-term top. Once it happens, we place an entry order on this top, with a stop at the nearest bottom before the movement started, and use the difference from the stop and entry point to determine the target. For shorting, it's the same process, but for the downside. From my testing, only long orders were profitable, but you can configure whichever you want.
It works well for directional markets with a low level of noise, as you can see with the BTCUSD chart. One of its caveats is the short number of occurrences, and the long stop loss and target. You can enable a trailing stop, but from my testings, it just made the results worse.
I made some modifications, like removing the MA requirement, since the entry point was above it almost all the time, and I forced the BB to use a log version of the prices, so that discrepancies are eliminated. You'll also notice that you can't select an extension that is lower than 100, and that is intentional, since you're not supposed to enter a trade in which you can lose more than what you can earn.
I chose not to implement any kind of risk management, but I might do that in the future. You can leave your suggestions in the comments.
Resistance/Support Indicator - FontiramisuIndicator showing resistances and support, based on pivots location
When a new pivot location is near from a resistance/support the latter gains weight.
You can modify multiple parameters :
Nb Max res/sup : Define the number max res/sup to keep in our res/sup history array. The greater it is the older bar index will be taken.
Nb show res/sup : Define the number of res/sup to be drawn.
Min weight shown : Define min res/sup weight to be shown. Weight is used to measure strengh of res/sup.
% range stack : Define price percentage change required to stack a pivot into an existing res/sup. Default is 0.015 = 1.5%.
Pivots are calculated with deviation parameter to validate with more precision.
Fontilab Library is used to code this indicator.
Trend Indicator (dow trending) - FontiramisuIndicator showing pivots and interpret a trend out of it.
Pivots are calculating with deviation parameter to validate with more precision.
Trending moves are calculated according to Dow Theory :
In an uptrend, if the price made a new high, the price must make a new high to confirm the trend, otherwise, it might signal a possible change in the trend.
In an uptrend, if the price made a new low, the price must make a new low to confirm the trend, otherwise, it might signal a possible change in the trend.
The indicator can show 2 trends with 2 different "Pivot Depth"
See indicator parameters.
Tab is display at the bottom right corner to show trend direction and if it is hesitating
Fontilab Library is used to code this indicator
Pivoting PivotMany people use Pivots when conducting analysis, but I don't see many people using pivoting pivots. Pivoting pivots are pivots that don't have any other pivots around them. They can be useful when trying to separate pivot clusters from important pivot points.
The code is calculated by finding the distance between two candlesticks (left check), then calculating the distance between the last pivot and the current candlestick.
On the chart: labels are TradingView's official pivot high and pivot low script, and the blue candle color is my pivoting pivots (both with a look left and look right of 2).
Special thanks to @fikira for helping me with ideas for the calculations!
Nabz-BBMACD-2022-V1.1I have tried to make script which triggers indicators on combination of different feedback including Bollinger bands and MACD. Also used some of my logic by trial and error, It gave 744%+ profit on back-testing on coin RUNE/USDT from Jan 2021. It is my first script, I am happy to help the community. Please share your feedback.
Hayden's Advanced Relative Strength Index (RSI)Preface: I'm just the bartender serving today's freshly blended concoction; I'd like to send a massive THANK YOU to @iFuSiiOnzZ, @Koalafied_3, @LonesomeTheBlue, @LazyBear, @dgtrd and the rest of the PineWizards for the locally-sourced ingredients. I am simply a code editor, not a code author. The book that inspired this indicator is a free download, plus all of the pieces I used were free code from the PineWizards; my hope is that any additional useful development of The Complete RSI trading system also is offered open-source to the community for collaboration.
Features: Fixed & Custom price targeting. Triple trend state detection. Advanced data ticker. Candles, bars, or line RSI . Stochastic of over 20 indicators for adjustable entry/exit signals. Customizable trader watermark. Trend lines for spotting wedges , triangles, pennants , etc. Divergences for spotting potential reversals and Momentum Discrepancy Reversal Point opportunities. RSI percent change and price pivot labels. Gradient bar coloring on-chart.
‼ IMPORTANT: Hover over labels for additional information. Google & read John Hayden's "The Complete RSI" pdf book for comprehensive instructions before attempting to trade with this indicator. Always keep an eye on higher/stronger timeframes.
⚠ DISCLAIMER: DYOR. Not financial advice. Not a trading system. I am not affiliated with TradingView or John Hayden; this is my own personally PineScripted presentation of a suitable RSI to use when trading according to Hayden's rules.
About the Editor: I am a former-FINRA Registered Representative, inventor/patent-holder, and self-taught PineScripter. I mostly code on a v3 Pinescript level so expect heavy scripts that could use some shortening with modern conventions.
Hayden's RSI Rules:
📈 An Uptrend is indicated when:
1. RSI is in the 80 to 40 range
2. The chart shows simple bearish divergence
3. The chart shows Hidden bullish divergence
4. The chart shows Momentum Discrepancy Reversal Up
5. Upside targets being hit
6. 9-bar simple MA is greater than the 45-bar EMA on RSI
7. Counter-trend declines do not exceed 50% of the previous rally
🔮 An Uptrend is in danger when:
1. Longer timeframe fading rally
2. a) Multiple long-term bearish divergences. b) Upside targets not being hit.
3. 9-bar simple MA is less than the 45-bar EMA on RSI
4. Hidden bearish divergence, or simple bullish divergence
5. Deep counter-trend retracements greater than 50%
📉 A Downtrend is indicated when:
1. RSI is in the 60 to 20 range
2. The chart shows simple bullish divergences.
3. The chart shows Hidden bearish divergence
4. The chart shows Momentum Discrepancy Reversal Down
5. Downside targets being hit
6. 9-bar simple MA is less than the 45-bar EMA on RSI
7. Counter-trend rallies do not exceed 50% of the previous decline
🔮 A Downtrend is in danger when:
1. Longer timeframe fading decline
2. a) Multiple long-term bullish divergences. b) Downside targets not being hit.
3. 9-bar simple MA is greater than the 45-bar EMA on RSI
4. Hidden bullish divergence , or simple bearish divergence
5. Steep counter-trend retracements greater than 50%
TRENDLINE V1Hello all ...
this is the source trendline of the three pivots
with adjustable resolution and length
function to find a breakout or breakdown
Virgin CPR with D/W/M CPR-By AtropineAbout Pivot points-
Pivot points are one of the most powerful indicators used in Technical analysis .
It is comprised of a pivot line surrounded by a series of support and resistance levels which helps in speculating the price movements.
The fundamental idea behind this indicator is that the particular day’s trading range captures everything about the market sentiment, and hence this range can be used to predict the price movement of the following days.
About CPR-
CPR is the Swiss Army Knife of pivots , and Like the Moon, the central pivot range controls the tides of the market- by ‘frank’.
The previous day’s high, low, and close prices are used to calculate the CPR levels for the current day. And these levels remain constant throughout the day.
This indicator was first introduced by Mark Fisher in this book “The Logical Trader”. Frank Ochoa added another dimension, central pivot point to this indicator.
About Virgin CPR-
If the price levels for a particular timeframe do not touch the CPR levels of the same timeframe, then that CPR is known as Virgin CPR.
There are a variety of ways you can use CPR indicator for your trading decisions.
1. CPR Breakout
2. CPR Width
3. CPR as Support and Resistance
4.Interpreting overall trend through CPR
Key Features of the Indicator-
Automatically draws Virgin CPR .
Shows Daily and Tomorrow’s CPR
Daily High & Low and Pivot support & Resistance
Daily, Weakly and Monthly CPR.
Daily, Weakly Monthly High and Low.
Options to Hide Historical Levels.
Moving Average.
CPR by Hindustani Sandeep MalikThis script is based on the Secret of Pivot Boss book by Frank Ochoa.
You can view the Daily timeframe CPR/s1-s5 support/r1-r5 resistance.
You can view the Weekly timeframe CPR/s1 support/r1 resistance.
You can view the Monthly timeframe CPR/s1 support/r1 resistance.
CPR WITH BREAKOUTCPR with 10-30 mins Breakout
This indicator includes CPR with 15-30 mins breakout, resistance, support, previous day low, previous day high, day low and day high etc,
please backtest before use
regards
The Malayali Trader
LA_Periodic_Fibonacci LevelsThis indicator is used to plot the previous high and low of the chosen timeframe along with the Fibonacci levels of 0.50, +/- 0.618 and +/- 0.786.
Provision is given to plot levels for three different time frames at a time.
Options are given to select/unselect the levels as per the user requirement. For plotting the Fibonacci levels of a specific period, user has to select the option "TF1_Fib" or "TF2_Fib" or "TF3_Fib" along with the respective levels (50, +/- 0.618, +/- 0.786).
User has to add different time frames in their layout which can then be used in the drop down menu. By default, daily, weekly and monthly time frames are given.
Indicator is plotted as the candle progresses and not plotted for future time frames in advance.
Below are few examples on larger timeframes.
BTCUSD on 1 min TF (timeframe)
BTCUSD on Daily TF
DJI on Daily TF
