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Pivot Points

Pivot Fibonacci TradingWe use fibonacci in many things, why not the Pivot? Hey, it does works, price does reacts to the fibonacci off the pivot. Pivots are road map for the price, fibonacci are just some stops or gas stations appear on the road, with these additional lines, there's more time for price to think about which way it'd move, therefore, more time for us traders to track and follow. I know they usually use Daily pivot in H1, Weekly in H4 and Monthly in Daily timeframe, but since there are more lines now, price now needs space to travel between line. I recommend using Weekly Pivot for intraday(H1,...), Monthly for H4 and Yearly for Daily. I also add some text that shows current day's range in pips (High - Low = range) and compare it to Average Daily Range. I thinks this is helpful if you use it for day trading. I'll let this as a open sources as you may find something to customize in your own way. Hope this helps you in someway, community :) Happy trading! #Thanks to @Davit on forexfactory for the idea
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von minhdang3264
12
Trend Following with Moving AveragesHello Traders, With the info "Trend is Your Friend ", you should not take position against the trend. This script checks multipte moving averages if they are above/below the closing price and try to find trend. The moving averages with the length 8, 13, 21, 34, 55, 89, 144, 233, 377 used. these are fibonacci numbers, but optionally you can change the lengths of each moving averages. while it's green you better take long positions, while it's red you better take short positions according to other indcators or tools. Optionally you have "smoothing" option to get rid of whipsaws. it's enabled by default. You have option to use following moving average types: EMA, SMA, RMA, WMA, VWMA. by default it's EMA Also the script has "Resolution" option. with this option you can get the trend for other time frames, in following example 1h was set as for higher time frame on 15m chart: This should not be used as buy/sell signal indicators as it's tries to find trend but not entry points, you should use other indicators (such RSI, Momentum) or other tools to find buy/sell signals. Enjoy!
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von LonesomeTheBlue
14
SessionsThis is an advanced level sessions indicator. Not so much an indicator, more of an auto way of plotting levels rather than drawing levels by hand every day. It maps out the London and New York Sessions. It also maps out the closing time and price for future reference. Daily high and low of the past few days are laid out. Each setting can be turned on and off in the settings if you don't require that session info. The time settings are setup according to NY time. It should work straight without any modifications. If you are a price action trader using sessions, this indicator will help you track price movement between sessions and give you possible support and resistance levels based on the previous session close. This indicator does require allot of sessions based trading knowledge but if you understand it, it can be of major use to you. Best used on GBP and USD currency pairs Best timeframes 5Min - 1Hour Best trading style would be day trading
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von FnM_Capital
7
Simple Fibonacci RetracementSimple Fibonacci Retracement is a free and easy to use script to plot Fibonacci levels, for any assets like Stocks, Forex, Commodities , Cryptocurrencies etc. on any time frame chart. Fibonacci Levels can be plotted using Lookback or manual Price input from the settings. 1. Lookback type - Candles Determines the High and Low price of the user input number of Candles back (100 default) and plots Fibonacci Levels based on the calculated High and Low for the number of candles in the past from the current candle. The levels stay intact on any time frame as long as no new Highs or Lows are formed. 2. Lookback type - Days Determines the High and Low price of the user input number of Days back (100 default) and plots Fibonacci Levels based on the calculated High and Low for the number of days in the past from the day of the current bar. The levels stay intact on any time frame as long as no new Highs or Lows are formed. 3. Manual Price Input Plots Fibonacci Levels based on the user specified High and Low Price in the settings input fields. The levels stay intact on any time frame irrespective of new Highs or Lows being formed. Manual Price Input will enable the trader to keep the Levels intact and visually see the higher Fibonacci Retracement levels, when the price crosses beyond 100% retracement. On the other two lookback types, the Fibonacci levels are displayed only upto 100% retracement. The Fibonacci levels can also be reversed by enabling 'Reverse' option from the settings.
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von TradeChartist
45
Daily Reference Points for Intra-hour ChartsI worked with pivot script which I believe was created by @HPotter but somehow, I can't look it up. This script fixes one issue I have with several pivot points script I had honour to see. When the new day starts, sometimes, there is a line connecting old pivot points and new ones. I managed to remove it. Compared to the script I worked with, I converted the code from v.1 to v.4, added middle pivots and added previous day's close, high and low which are superior levels compared to any pivot calculation. This script will show only on the 1m, 5m, 15m and 30m charts, so you don't need to turn it off when you check higher timeframe for macroanalysis.
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von OrcChieftain
Price Action Movements by RPThis is the Indicator which will enhance finding Buying and Selling opportunity on any market. Mostly suited for day Trading and some indicator can be used for signalling stock on longer time frame. Indicators used to create this strategy is as follows: - Exponential Moving Average (EMA) - Supertrend - Volume Weighted Average Price (VWAP) - Exponential Moving Average of Volume Weighted Average Price (MVWAP) - Previous Day Volume Weighted Average Price (PVWAP) - Previous Day High, Low and Close (PDH, PDL, PDC) - And Current Day Support and Resistance points based on Previous day Price Movement. This will indicate where to buy and Sell with Indicator based on Following criteria, Buy Signal given, - When Close is above Exponential Moving Average 9 - When Close is above Exponential Moving Average 21 - RSI above 55 - Supertrend is positive - Volume is above 300 moving Average - Close is above Volume Weighted Average Price Sell Signal given, - When Close is below Exponential Moving Average 9 - When Close is below Exponential Moving Average 21 - RSI below 45 - Supertrend is negative - Volume is above 300 moving Average - Close is below Volume Weighted Average Price Trades can use this Study according to their need of the Indicator. Users can Tick the indicator which they want to add on Charts to study. Only Exponential Moving Average indicator can be used. Only Supertrend can be used. Volume Weighted Average Price, Previous Day Volume Weighted Average Price, Exponential Moving Average of Volume Weighted Average Price and Previous Day High, Low and Close can be used as a particular study. Support and Resistance can be used along with Previous Day High and Previous Day Low as a particular study. This is multipurpose Study which will help Trading Society immensely. Thank You.
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von pradhan19
7
Ely Waves PivotsThese pivot points are used to create an expected range based on open and closing candle data. It's a mixture of two different types of pivots and together they form an expected range for various time frames. You can set them up from as little as 4 hours to 1 month. My personal favorites are 4 hour, 1 day, 1 week, and 1 month. The dashed lines create the pivot area for the time frame chosen, and the thick lines create the expected high and low for the chosen time frame. These are very powerful if used correctly! Hope you enjoy!
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von elywaves
18
True Strong Classical Support/Resistance LevelsThis script is based on the approach of filtering signals by checking higher timeframes. So basically setting higher numbers in "Strength Of Levels" option, will make the indicator check for support and/or resistance levels in timeframes higher than the current. Unfortunately, I was forced to still use inefficient built-in functions pivothigh() and pivotlow(). I hope they fix them up soon! I'm looking for any opinion about the idea and if you like any of my scripts, anything you send means a lot to me. This script is published for the third time because of some moderators absurd behavior. But thank heavens, the code is now more clean and of course the option "Strength Of Levels" accepts float numbers.
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von informanerd
11
SOT INDICATOR for VSARussian language SOT бар для VSA (Volume spread analysis) Индикатор обозначает бары указывающие на остановку цены и возможный разворот. Индикатор в первую очередь написан для таймфреймов от одного часа. На таймфреймах менее 1 часа сигнал будет приводить к неверным результатам, поскольку вечерние объемы существенно ниже дневных. условие 1: закрытие текущего бара близко к закрытию предыдущего (достигается путём сравнения среднего диапазона последних 5 баров) sma(high-close,5) - это средний диапазон за 5 баров итого получается разница между закрытиями меньше 1/2 среднего диапазона за последние 5 баров. Условие 2: должен быть хвост продаж или покупок (критерий - составляет не менее 2/3 от всего диапазона бара) Условие 3: объемы должны быть увеличивающиеся (я взял, что текущей объем должен быть больше среднего за последние 5 баров) Индикатор следует использовать совместно с теорией VSA. English language (Google Translate) SOT bar for VSA The indicator indicates bars indicating a stop of the price and a possible reversal. The indicator is primarily written for time frames from one hour. On time frames of less than 1 hour, the signal will lead to incorrect results, since evening volumes are significantly lower than daily volumes. Condition 1: closing the current bar is close to closing the previous one (achieved by comparing the average range of the last 5 bars) sma (high-close, 5) is the average range for 5 bars total, the difference between closures is less than 1/2 of the average range for the last 5 bars. Condition 2: there must be a tail of sales or purchases (the criterion is at least 2/3 of the entire range of the bar) Condition 3: volumes must be increasing (I took that the current volume should be more than the average for the last 5 bars) The indicator should be used in conjunction with VSA theory.
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von Alex_Dyuk
2