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[CP]Pivot Boss Floor Pivots with ATR Dilation and Dynamic LevelsINTRODUCTION:
Compared to all the Pivot Indicators available on Trading View Public Library, this Floor Pivots Indicator differentiates itself in two major original ways:
Dilates the Pivot Support/Resistance Levels into Support/Resistance Bands based on volatility
Displays the S/R Levels Dynamically , that is, only those levels will be shown that are close enough to the price resulting in much cleaner looking charts.
There were a few features whose logic I had figured out, but I could not implement them due Pine Script’s Limitation (they should really work on increasing Pine Script’s capacity instead of adding more and more features to the language in order to make it look ‘better’):
Showing multiple timeframe pivots at the same time (not possible due to Pine Script’s limitation on the ‘Max Number of Outputs’ )
Automatic Detection of highly profitable Double Hot Pivot Zones (DPZ), also due to the ‘Max Number of Outputs’ limit
GENERAL USER INPUTS:
Most of the settings are self-explanatory, however, a few of them need some explanation:
Show Floor Pivots Dynamically – This will turn ON the dynamic pivot levels, please note that this function will work ONLY IN INTRADAY timeframes.
Dynamic Pivot ATR Period – Period over which the ATR value is calculated to show the pivots dynamically.
ATR Threshold for Dynamic Floor Pivots – Simply put, the indicator will start displaying Pivot Levels if they fall within the 2*ATR distance (default value) of the price. You can increase this number if the volatility increases and vice-versa.
Use ATR to Dilate Intraday Pivot Levels – This will turn ON Floor Pivot Dilation, turning pivot ‘lines’ into ‘bands’ .
ATR Dilation Factor – This number decides the width of the Pivot bands. Larger this number, thicker the bands. Typically, high volatility stocks will require a higher number.
ATR Period – Same as Dynamic Pivot ATR Period, but for Pivot Level Dilation.
INDICATOR USAGE EXAMPLES:
This indicator works great in conjunction with my Pivot Boss Candlestick Scanner indicator.
There are a lot of optimizations I have done in the code, although it looks trivial at first glance, but it's fairly complex.
Feel free to use it and modify it as you wish.
Here are a few examples where the indicator has shown great entries and exits, with the default settings:
NIFTY 5m Chart
Reliance 5m Chart
Tesla 5m Chart
Bitcoin-USDT 15m Chart
FINAL WORDS:
Please understand that I have Cherry Picked the examples to showcase the capability of the indicator and its usage.
DO NOT conflate the accuracy of examples with the accuracy of this indicator.
Once you start using floor pivots, you will realize that a lot of days simply don’t give any high probability setups and you will simply sit out of the market and do nothing (which is a good thing).
If you really want to learn how to use Pivots, read the book ’Secrets of a Pivot Boss’ . This book can change your life.
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Bjorgum AutoTrailOne Time Trade Risk Management
Incorporating the new interactive feature, this script is meant as a one time trailing stop for the active trader to manage positional risk of an ongoing trade. As a crypto trader or Fx trader, many may find themselves in a position late into the evening, or perhaps daily life is calling while a trade progresses in their favor. Adding a trailing stop to a position thats trending can help to keep you in the trade and lock in gains if things turn around when you are unable to react.
To use the trail, the user would add the script to the chart. Once added, a set of crosshairs will appear allowing the user to choose a point to begin. Often choosing to start a trail from a swing high/ low can be an ideal option. This tends to provide some protection for a stop by placing it under support for a long trade or above resistance for a short trade.
Price based trail
The trail will automatically plot and the offset is a factor of the distance from price action selected by the crosshairs. If placed above price action the script will plot a short trail, if placed below it will trail for a long position.
Additionally, there are several other trail types other than price based. There is also percent based, which offsets the trail as a percent from close. A hard stop is placed at the cross hair value, then once the distance is exceeded by the percentage specified, the trail begins.
There are 2 more volatility based trails. There is a PSAR trail which can provide quicker and tighter stops that accelerate with the trend locking in gains faster, and an ATR trail that keeps a distance from price action as a function of volatility. Volatility levels can be adjusted from the menu.
Volatility based trail (ATR)
Volatility based trail (PSAR)
Lastly, within the code for more the more technical savvy, is some starting setups for string alerts to be sent to exchanges via 3rd party or custom API applications. Some string manipulation is required for specific providers to meet their requirements, but there is some building block alerts that will take the ticker symbol, recognize the asset your trading (Fx, Crypto, etc) and take input quantity or exchange names from the settings via inputs.
Complex strings can be built to perform almost any trade related task when to comes to alerts via web hook. A little setup this way with some technology to back your system can mean a semi-automated half man, half machine setup that actually manages your trail stop while you cannot. For those that don’t go this far, there is some basic alert functionality that well trigger when a trail is hit so you can react and make a decision.
Please note that for now, interactive mode is engaged only when the script is added to the chart. Additional stops, or for adjustments to be made it is best to add a new version. Also as real trades could be at play managing an actual position, alerts are designed to go off only once to ensure no duplicate orders are sent meaning alerts are not reoccurring. Once an alert is triggered, a new trail is to be set up.
A modified version of the TradingView built in SAR equation was used in this script. To provide the value of the SAR on the stop candle, it was necessary to alter the equation to extract this value as the regular SAR “flips” at this point. Thank you to TradingView for supplying access to the built in formula so that this SAR could behave the same as the built-in function outside of these alterations
Example of SAR value maintained in trigger candle
Cheers and happy trading. مؤشر

Kaufman's Efficiency Ratio Strategy [KL]I recently published an indicator called "Kaufman's Efficiency Ratio Indicator". In the description of that script, I hypothesized about how the Efficiency Ratio could be applied to identify bullish moves in instances where price had already gone up steeply, but rests for a while, allowing for entry in expectation that price will continually rise. I decided to test out this idea with Pinescript.
About Kaufman's Efficiency Ratio ("ER")
ER was developed by a systematic trader by the name of Perry J. Kaufman.
Formula
The formula is:
= A divided by B,
where:
A = Current closing price minus the closing price at the start of the lookback period
B = Sum of differences between closing prices (in absolute terms) of consecutive bars over the lookback period
How this strategy enters a trade (Long):
- code: entry_signal_long = ER > 0 and ER_is_mid
- meaning: when ER is positive, strategy assumes price has risen. Usually ER value begins high (red), and unless it is a false move, then it should stay positive. This strategy will patiently wait until ER drops to medium (yellow), and then place a trade.
- how low/medium/high is dynamically determined: Refer to the description of my other script("Kaufman's Efficiency Ratio Indicator") for details. Trying to keep this as short as possible.
How this strategy exits a trade (Long):
- when price hits stop limit; stop limit is based on low of bars, trails upward based on ATR
- included a feature called "tightening TSL", which tries to reduce the stop-buffer during periods of high volatility implied by ER (very experimental, opening the floor for suggestions on how this can be improved) استراتيجية

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+ ATR Support and ResistanceThis, a very different script from most of mine, is my attempt at making a useful, and not messy, support and resistance indicator. If you've never looked into trader xkavalis, and his scripts and discord, I would highly recommend it. He talks about "pay attention candles" a lot. It got me thinking about what those are. Best as I can tell all he means by that phrase is large, impulsive candles. Sometimes these lead to break outs of ranges, or they may signal tops, bottoms, or near-tops and bottoms. The only way I could make sense of this in a mathematical way was by using the average true range. Basically, any candle's true range outside of the ATR is considered a "pay attention candle," by my definition.
This script originally began as just a candle coloring exercise with some optional shapes plotted above/below certain candles, but I quickly realized I wanted to draw lines or zones from these candles, so eventually, after many hours spent figuring out and learning 'line.new' and 'box.new' I got things sorted.
Essentially, my line of thinking is that on impulsive candles down, the origin of the impulse is more important than the close (not always of course, as there are no unbreakable rules in what markets can do), and with impulsive candles up, the same theory applies.
So, for upward impulsive candles I've marked out the zone from the open to the low as a support (until broken, in which case it may become resistance). For downward impulsive candles the zone encompasses the open to the high. I've given the option to plot a line from the close for all of these. It's turned off by default as it's just less stuff on the chart, but you may like it.
The line length is customizable in a menu. It does funny things on low timeframes on forex and stock charts (long lines that result in chart compression), but for some reason very rarely on crypto charts. If someone who is smart (not me) and has much experience with pinescript could perhaps help me out with a fix for this, that would be great. I suspect it has something to do with my "bar_index_duration" that I defined using the time function, but I'm not sure how or why.
Line length on time frames of one hour and up it is typically fine.
Use the ATR multiple to change the sensitivity of the indicator. This is basically the determination of when a candle is beyond the ATR. A multiple of two is two times the ATR. With lower volatile pairs you can maybe make this lower. On lower time frames or with more volatile pairs (illiquid alts in particular) a higher multiple might serve better. I find the default 1.75 is mostly acceptable.
As I started this I also thought adding some sort of volume information to the candles might be useful as well, so I added a simple candle coloring feature referencing the OBV and a 21 period EMA. Candles are colored based on the OBV's relation to its moving average.
I added some plot shapes and candle coloring utilizing the RSI as well. Options to turn on or off shapes plotted for overbought and oversold across the top of the chart. The most interesting feature that I implemented here is a support/resistance zone around the centerline of the RSI. If the RSI is between 49 and 51 then you can have optional candle coloring, shapes plotted above the candles, and s/r zones drawn on the chart. In trending markets the centerline of the RSI will frequetly act as support or resistance, so by being alerted of this condition on the chart you can use that with actual levels marked off in order to help make a judgement on a trade. I think it's a nice addition, and an oft overlooked aspect of the usefulness of the RSI.
I've also included a calculation, with candle coloring and/or plot shapes, for something like a stop run on high volume. The calculation for that is in its section below, and should be pretty self explanatory.
Lastly, typing this as I'm posting it, this indicator could also be useful for helping to find placement for trailing a stop. Just a thought! مؤشر

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Berzerker IndexSome pairs have their own distinct behavior. That includes volatility, news reactiveness, trend x chop day discrepancy, and other qualities.
At first, I tried to measure this with the Choppiness Index, but it looks pretty much alike when you compare symbols like EURNZD and GBPCAD, but my testing shows some major behavioral differences between the two. Hence, I decided to build my own measurement which I later decided to call Berzerker Index.
• The calculation takes the previous value and adds 1, 3, 7, or 15 depending on how many standard deviations the price beats.
• Deviations use Jurik Moving Average as a central line. If there is no new penetration, the total value will not be increased.
• At the end of the value update, the result will decay whether it is changed or not. The readings decay significantly faster if the price is between the bands.
• The beginning of the calculation is the beginning of the chart. There isn't any period for the calculation.
As you can see, from the beginning of the year, the maximum readings on EURNZD are 49.8 and 73.6 for GBPCAD. This is what I wanted to achieve - find some way to clearly differentiate the pairs. Later, I went on EURUSD to confirm the results. EURUSD should be a calmer pair and it shows 33.5 which supports the theory.
The symbols with small bars and explosions on events and bank meetings will reach high values, whereas those that are more predictable with less extreme movements will be found below 45.
Lastly, you may identify long periods of continuous descend on the indicator as setting up for a large explosion. This is not the original idea but could work nevertheless.
Of course, I will further update this indicator if I get improvement ideas...
FAQ:
► Does this repaint?
• No.
► Where is the buy signal?
• There isn't one. The purpose is to study repeated behavioral patterns of different symbols, not to drink from the holy grail.
► Why is it called the 'Berzerker' Index?
• I don't know.
I used @everget's version of Jurik's Moving Average with his consent.
What do ya thing? مؤشر

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