[RD] LCS - line channels (basic) v3 - [republish]==================================================================
July 18 2019 - LCS - line channels (basic) by RootDuk
Version : v3 - read the notes
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Easy script to draw channels based on ie. GANN using the following
input params
- ibback : barsback to search for high and low
- ffactor : factor to up/downscale the lines
- oextend : extend lines, left, right, both, none
- bshowline : show horizontal lines yes/no
- bsshowdown : show diag down lines yes/no
- bsshowup : show diag up lines yes/no
- bshowindm : show index marker, where is you current ibback
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Notes
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When you use this code, pls let me know where and how you used it
as iam always curious what some can do with it. Thanks!
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Updates
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v1
v2 - July 17 2019
- Removed support wallets from source code. I think the source
- has been deleted because of this, find no other clue.
v3 - July 18 2019
- Republish
Pivot
Fibonacci Pivot Points AlertsCreated a script for alerts on Fibonacci Pivot Points.
You will be able to create separate alerts for every level or create one for price crossing any level.
Because of some TradingView limitations, alerts won't be fired for the first bar of the session. Will try to solve that in the new versions.
In the script used new v4 plotting features, so will be able to plot levels and labels nicely. Unfortunately, there is a limit on the number of consecutive lines you can plot on the plot (around 50), so lines in the past will disappear.
And remember:
Past performance does not guarantee future results.
Very easy scalping indicator for non skilled traderThunderScalp is bundled indicator for scalping trader with simple usage and high winning rate. It works for any time frame.
The indicators are:
Humidity Pole Signal is Buy or Sell signal based on Humidity indicator or volume consolidation mapping
Interactive Signal is Buy or Sell signal based on Chart Pattern analyzer
Pivot Support and Resistance is candle support and resistance up to 3 layer for each
Fractal Support and resistance is support and resistance based on fractal candles
Scalping MA is moving average lines which best suite for scalping
QuantNomad - Pivot Points AlertsVery simple scripts that will allow you to receive alerts for new Pivot Lows/Highs Points.
A solid arrow points to actual point low/high point, transparent - to the bar, you'll receive alerts for (Shifter by rightBars).
And remember:
Past performance does not guarantee future results.
Pivot Points Monthly & YearlyMonthly and Yearly only
What is a Pivot Point?
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
The pivot point is the basis for the indicator, but it also includes other support and resistance levels that are projected based on the pivot point calculation. All these levels help traders see where the price could experience support or resistance. Similarly, if the price moves through these levels it lets the trader know the price is trending in that direction.
When the price of an asset is trading above the pivot point, it indicates the day is bullish or positive.
When the price of an asset is trading below the pivot point, it indicates the day is bearish or negative.
The indicator typically includes four additional levels: S1, S2, R1, and R2. These stand for support one and two, and resistance one and two.
Support and resistance one and two may cause reversals, but they may also be used to confirm the trend. For example, if the price is falling and moves below S1, it helps confirm the downtrend and indicate a possible continuation to S2.
This Script includes the Mid Pivot Points, Open and Close levels
Pivot Points, Daily, Weekly, Open and Close lines What is a Pivot Point?
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
The pivot point is the basis for the indicator, but it also includes other support and resistance levels that are projected based on the pivot point calculation. All these levels help traders see where the price could experience support or resistance. Similarly, if the price moves through these levels it lets the trader know the price is trending in that direction.
When the price of an asset is trading above the pivot point, it indicates the day is bullish or positive.
When the price of an asset is trading below the pivot point, it indicates the day is bearish or negative.
The indicator typically includes four additional levels: S1, S2, R1, and R2. These stand for support one and two, and resistance one and two.
Support and resistance one and two may cause reversals, but they may also be used to confirm the trend. For example, if the price is falling and moves below S1, it helps confirm the downtrend and indicate a possible continuation to S2.
This Script includes the Mid Pivot Points, Open and Close levels
(JS) Multi-Time Frame Pivot Point DetectorSick of flipping through Pivot Point settings to change the time frame?
Or to hide certain ones because it screws up the auto-zoom?
Or are you just wishing there was something out there that was simple and effective?
Well - me too, that's why I made this automatic Pivot Points detector. Right now it only goes to S3/R3 (will expand in the future), but I made this specifically for my day trading template.
So this automatically detects the nearest Pivot Points above and below price - and it does Daily, Weekly, and Monthly, so there should be 6 lines showing at all times.
Speaking of which....
Blue - Daily
Green - Weekly
Red- Monthly
You'll also notice a really thick line will appear time to time - that thick line (on all time frames is the Pivot line, so obviously above it is the resistance lines and below it lies the support lines.
All you have to do is turn it on and you'll be completely aware of your surroundings across multiple time frames all at once, hope you like it!
QuantNomad - Pivot Reversal Strategy - XBTUSD - 1hPivot reversal strategy almost always works pretty good for crypto.
Here is setup with 4 left, 4 right bars for pivot points for XBTUSD 1h chart.
It shows a pretty nice performance of 350% with only 10% dd, Sharpe is 1.16.
If you're interested in using this strategy in my scripts you can find alerts for it and a version with added backtesting range.
And remember:
Past performance does not guarantee future results.
Year Open Price LevelAn utility tool that plots a dynamic level using the opening price of each year on the chart.
Allows to highlight the change in the price relative to this level.
RyuPivot🔰 Pivot Points Standard Traditional Pivot Levels
📌Shows the same pivot levels from the Pivot Points Standard (Pivots) indicator on the Traditional settings. But with 3 indicators in one, can show the daily, weekly, and monthly levels all in one indicator. This indicator only shows the current pivot level and not the previous ones and will auto adjust update to the newest one. The current pivot line levels are shown across the chart.
📌Features
🔹P-D = Pivot Daily Timeframe
🔹P-W = Pivot Weekly Timeframe
🔹P-M = Pivot Monthly Timeframe
🔹S1, S2, S3, S4, S5 Pivot Supports with each timeframe D/W/M
🔹R1, R2, R3, R4, R5 Pivot Resistances with each timeframe D/W/M
🔹Can show/hide any timeframe Daily, Weekly, Monthly, or all
🔹Option to show/hide the 4th and 5th support/resistance levels
🔹Can adjust the line width for each timeframe
🔹Can show/hide pivot text labels
🔹Can adjust pivot text labels position offset
📌Default set Daily Pivots off, can use for trading lower timeframes for scalps. Shows Monthly and Weekly pivots with Pivot support/resistance levels 4 and 5 default on, optionally can hide. Default line width set with Monthly largest at 3, Weekly at 2, and Daily smallest at 1; can adjust to preference and can change color in the style tab. Note, for the Daily Pivots levels for S4, S5, R4, and R5 text labels are not shown since ran out of room to add more, but the line levels are still shown.
QS Jamaica SetupThis indicator plot several indicators togheter including WMA30, Supertrend ATR, pivots points and the QS Jamaica Bars
Pivot Points, by @juanmirocks# Advantages over TV's indicator "Pivot Points Standard"
1. Show pivot lines for all history, which lets you gauge trading strategies throughout time
2. More sensible Default/Auto time frame; e.g. on intradays only and always the market values of yesterday's Day are used
3. The halves between the key levels are also shown, which it's useful for some trading strategies
4. Arguably out-of-the-box nicer interface
Pivot Points as an indicator is a traditional strategy to draw resistance and support levels. It's best suited for intraday trading: the pivot points and resulting key levels are calculated from yesterday's market values (H, L, C). More details in the script's source.
Pivot Points trading is suitable for any market, and best for intraday (e.g. 3 min).
MasterChartsTrading - Price Action Indicators - 2.0Price action is easy to visualize.
It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand.
You can also think of these indicators as moving pivot points.
MasterChartsTrading Price Action Indicators show good price levels to enter or exit at trade.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long (buying).
For commodities and Forex, when your trading instrument closes below the Red line, we think about Shorting (selling).
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts ).
Be sure to hit that Follow button! Please find me on social networks via the link on my profile page for more ideas from @MasterCharts!
ATR based Pivots mcbwHey everyone this is an exciting new script I have prepared for you.
I was reading an old forex bulletin article some time ago when I came across this: solar.murty.net (or you can download the full bulletin with lots of other good articles here: www.forexfactory.com).
You can already buy this for metatrader (www.mql5.com) so I figured to make it for free for tradingview.
This bulletin suggested that you can reasonably predict daily volatility by adding or subtracting multiples of the daily ATR to the daily opening. Using this you can choose multiples to use as price targets and alternatively as stop losses. For example, if you already have a sense of market direction you can buy at market open place a stop loss at - 1 daily ATR and a profit target at + 3 ATRs for a risk to reward ratio of 3. If you are looking for smaller/quicker moves with a ratio of 3 you can have a stop loss at -0.25 ATR and a take profit at +0.75 ATR.
Alternatively this article also suggests to use this method to catch volatility breakouts. If price is higher than the + 1 ATR area then you can safely assume it will be going to the +2 ATR area so you can put a buy stop at + 1 ATR with a profit target at + 2 ATR with a stop loss at +0.5 ATR to catch a volatility breakout with a risk to reward ratio of 2!
Even further there are methods that you can use with ATRs of multiple window sizes, for example by opening two copies of this indicator and measuring recent volatility with a 1 week window and long term volatility within a 1 month window. If the short term volatility is crossing the long term volatility then there is a high probability chance that even more price movement will occur.
However I have found that this method is good for more than daily volatility , it can also be used to measure weekly volatility , and monthly volatility and use these multiples as good long term price targets.
To select if you want daily, weekly, or monthly values of the ATR of volatility you're using go to the settings and click on the options in the "Opening period". The default window of the ATR here is 14 periods, but you can change this if you want to in "ATR period". Most importantly you are able to select which multiples of the ATR you would like to use in the settings in "ATR multiple 1" which is the green line, "ATR multiple 2" which is the blue line, and "ATR multiple 3" which is the purple line. You can select any values you want to put in these, the choice of 0.25, 0.5, and 1 is not special, some people use fibonacci numbers here or simply 0.33, 0.66, and 0.99.
Repainting issue: This script uses the daily value of the Average True Range (ATR), which measures the volatility that is happening today. If price becomes more volatile then the value of the ATR can increase throughout the day, but it can never decrease. What this means is that the ATR based pivots are able to expand away from the opening price, which should not affect the trades that you take based on these areas. If you base your take profit on one of these ATR multiples and the daily volatility increase this means that your take profit area will be closer to your entry than the ATR multiple. Meaning that your trades will be more conservative.
While this all may sound very technical it is super intuitive, throw this on your chart and play around with it :)
Happy trading!
