The "Equal Highs/Lows " indicator is designed to identify equal highs and lows within price action. These levels are significant as they often indicate potential reversal points or areas of consolidation in the market. The indicator is based on specific settings and utilizes the concept of Average True Range (ATR) to determine thresholds for...
The CARNAC Elasticity Indicator (EI) is a technical analysis tool designed for traders and investors using TradingView. It calculates the percentage deviation of the current price from an Exponential Moving Average (EMA) and helps traders identify potential overbought and oversold conditions in a financial instrument.
EMA Length: Users can...
I designed the '3 Pivots Interpolation Breakouts' indicator to intuitively identify breakout opportunities using pivot points. This tool stems from my need to anticipate market direction and capitalize on breakouts. It uses a line interpolated from three pivot highs or lows to forecast upcoming breakouts. This offers a straightforward way to visualize potential...
This indicator is designed to test the smallest swing draw using the swing capture concept of the Pivot Points High Low indicator, setting the length to 1 for all periods, and combining it with price action that I think makes sense.
Example of a valid swing high.
Example of a valid swing low.
A personal collection of commonly used series types like moving averages that are supported directly by
the pinescript library ('ALMA', 'DEMA', 'EMA', 'HMA', 'RMA', 'SMA', 'SWMA', 'VWMA', 'WMA'), highest and lowest source,
median and pivots. One single function (with overloads) that can be configured easily by the user input and can...
What is it?
This indicator allows the user to pick any Candle (preferably a Pivot, for better results) to draw the most relevant Trendlines from it as Origin, while keeping track of candle closes across these Trendlines to adjust or invalidate accordingly.
It allows for up to 2 Origins to be picked on chart. Remember to pick a Bullish candle to draw Downtrends,...
It calculates and plots zigzag lines based on volatility and price movements. It has various inputs for customization, allowing you to adjust parameters like source data, length, deviation, line styling, and labeling options.
The indicator identifies pivot points in the price movement, drawing lines between these pivots based on the deviation from certain price...
Adaptive MFT Extremum Pivots
The Adaptive MFT Extremum Pivots indicator, developed by Elysian_Mind, is a powerful Pine Script tool that dynamically displays key market levels, including Monthly Highs/Lows, Weekly Extremums, Pivot Points, and dynamic Resistances/Supports. The term "dynamic" emphasizes the adaptive nature of the calculated levels,...
This indicator provides us great convenience when analyzing the parity by drawing a range at the highest, lowest and middle levels of the previous time period in the time period we choose, and showing where the price is currently in the range it has created in the past.
ALGORITHM - How does the indicator work ?
It draws the highest and lowest values...
Pocket Pivot Breakout Indicator
The pocket pivot breakout indicator will show a blue arrow under the candle if both the following conditions are met:
1. The percentage change of the candle on that day from open is greater than 3%.
2. The volume on the day of 3% candle is higher than the highest red volume in the past 10 days.
The second condition is based on the...
This script is based on the concept of "higher highs and higher lows" and "lower highs and lower lows". Bullish/bearish trend changes when a previous pivot (low in bullish trend and high in bearish trend) is broken (or has equal value). Some settings are customizable by the user:
- You can choose what timeframe the pivots are found on
Pivot based EMA (PEMA) is giving ema based on pivot .
Pivot MA's indicator is a combination of the following:
Pullback to EMA Band
Pivot EMA's Cross Over
Pivot Double-EMA's Cross Over
Modified Pivot EMA's Cross Over
All the pivot EMA’s calculations are based on "Profiting With Pivot-Based Moving Averages" book by Frank Ochoa.
How to use it...
This 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...
Market Levels provide a robust view of daily pivot points of markets such as high/low/close with both past and live values shown at the same time using the recently updated system of polylines of pinescript.
The main need for this script arose from not being able to use plots for daily points because plots are inherently once drawn can't be erased and because...
This is a pivots consolidation screener indicator, with ability to choose up to 12 different symbols/instruments with alert to be notified when consolidation happens on either one with the new pivots formation (new R3(inner resistance) pivot formed below previous one and new S3(inner support) pivot formed above previous one). Once the alert on a certain...
This indicator as my first ever Tradingview indicator, has been developed for my personal trading analysis, consolidating various powerful indicators that I frequently use. A number of the embedded indicators within this tool are the creations of esteemed Pine Script developers from the TradingView community. In recognition of their contributions,...
The Pivot Points indicator by MisterMoTA allow users to get pivots points calculated from last candle high, low and close on any timeframe from 1 minute to weekly.
This will help users that are trading ins small timeframes to see the pivots that are near their timeframes and not only daily timeframe.
Here is an example on the chart from nex image the timeframe...
This indicator is designed to detect and plot Double Tops and Double Bottoms, by setting the initial high or low using standard pivot points.
A Double Top is a bearish reversal pattern, typically found when an uptrend returns back to a prior peak. It signifies a potential turning point or resistance level and could potentially reverse in...