PIVOT EDGE - The complete trading setup - LITEIntroduction to the Indicator " PIVOT EDGE - The complete trading setup - LITE "
The Foundation layout for this indicator is based on PIVOT's which are nothing but the most important levels that the price has respected in the past.The values for the pivots are derived from the key attributes of the price in any timeframe such as the OPEN, HIGH, LOW and CLOSE. These define the mood of the price and where it intends to move in relation to the previous range formed.Earlier HIGH - LOW i.e the RANGE indicates the possible movement that a stock can make in the current session and as per the calculated pivots we can possible find out the tentative supports and resistances. In addition to this indicator, It is advisable to use the price action theory which helps in taking a right decision for entries.
This indicator by itself is complete in nature, i.e it guides the user for possible entry levels and the projected targets that we can achieve and also the likely stop loss limit in case the price reverses. So beforehand even before entering into a trade position, the user can ascertain what can be his loss or max profit and then he can chose an optimum position size for favorable results.
The beauty of this Indicator lies in the fact that it can be used for all types of trading like Scalping, Intra day, Swing or Positional and Investments also. It works on all timeframes and across all market segments like EQUITY, COMMODITIES, FUTURES , OPTIONS , FOREX etc.
This indicator can be used for any exchange and any timezone also without any changes or adjustments needed.
Now let us understand the features of this Indicator in detail.
TIMEFRAME - It has options to choose between Day,week and month as timeframe. By default it is set to Day timeframe
DISPLAY MAJOR LEVELS - These are the important support and resistance levels calculated based on the past price data. Most important ones are marked in BOLD RED and BOLD GREEN between which the price tends to move generally.
Apart from these, We have breakout level marked in light green and if price breaks this level we can expect targets upto extended levels and beyond marked in blue.
we also have breakdown level marked in light red and if price breaks this level we can expect targets down up to extended levels and below it marked in blue.
In addition I have coded intermediate target levels that appear in light gray between the extended levels or blue lines. Sometimes when the gap between these targets are huge, price cannot reach the targets and reverses at these intermediate targets. You can use them as targets or trailing stoploss based on your plan
DISPLAY HIDDEN LEVELS - These levels are intermediate supports and resistances that can be used whenever the present day indicated range is very wide. Whenever we have an explosive moments in market the range of that day is very huge and so he next day support and resistance band becomes very wide indicating the sideways movement day within that range. And on those days we can switch on the hidden levels and the price respects these levels and most of the days it is inside this range only.
DISPLAY PREVIOUS HIGH / LOW / CLOSE - I have included Daily / Weekly and monthly levels. It is important to know the earlier highs / lows and close since price respects it very must just like support and resistance.
PEMA - This is an important EMA based indicator which potentially indicates curves of support and resistance during retracements or pullbacks. If the curves are breached then the trend is reversed and the price will tend to move to the next pivots.
VALUE AREA - One of the most important feature of this Indicator is this which is derived from the Volume profile concepts. It indicates the fair value area Indicated by orange band and the upper and lower limits indicated by orange lines. Whenever the price is overvalued or undervalued, it is pushed back to its fair value and we can judge the present price position in relation to the value area and then take position in anticipation of the price reaching its fair value area. This must be coupled with price action for favorable results.
IMPORTANT NOTE : This indicator does not guarantee any favorable results nor protect your from any loss. You own the complete risk of your trades. It is suggested that you use this indicator and do back testing for considerable period to understand how it works the the potential win rate it can give.
If you have any doubts or need any clarifications of assistance in understanding, you can message me and i will try to help.
I will soon try to make a Video and explain the use of this indicator for better clarity and understanding.
Happy and Safe trading - Mohan from PIVOT EDGE
Поиск скриптов по запросу "volume profile"
Initial Balance (IB) and Previous Day / Week High, Low & ClosePlots Historical key levels for volume profile idea.
Plots the following:
- Previous Day High
- Previous Day Low
- Previous Day Close
- Previous Day IB High
- Previous Day IB Low
- Current Days IB High
- Current Days IB Low
IB is based on first hour of trading.
Made specifically for ASX stocks, have not tested it on other exchanges or assets.
[NLX-L3] Alerts- Introduction: Alert Module -
This alert module is part of my powerful and flexible modular trading framework.
It can be used with any indicator that has a signal plot output (1 = long / -1 = short)
This trading framework is the result of many years experience building indicators and trading strategies.
I couldn’t find a trading framework in Pine Script that would suit my needs and so I started to design my own from scratch. I’m trading with this framework myself so I’ve made sure that it’s flexible and absolutely reliable in a live-trading environment.
- Architecture -
What makes this framework so flexible is the modular architecture, different layers that all serve a very specific purpose.
You will notice that the module names include either L1 - L2 - L3:
- Layer 1 (L1) is the base layer and the foundation. L1 indicators are used to determine the trend, volume profile and filter noise. You would use L1 to see if it’s a good time to trade, what is the direction - or if it's better to trade at all in unfavourable conditions
- Layer 2 (L2) receives the result of L1 and if the market conditions are good the L2 indicator looks for an optimal entry point to go long or short. It is possible to combine several L2 indicators and trigger a long/short signal only if all L2 indicators agree.
- Layer 3 (L3) receives the final signal from L2 and it’s where we can now backtest the result of our trading strategy and trigger trade alerts with help of the alert module.
- Features -
External Input Source (any indicator with signal plot can be used)
Safe Entries Option: Enter a trade only if the position is profitable ad the momentum allows
Pyramid Entries
Partial Take-Profit: %-Step Interval and Quantity per Step
Stop Methods: Trailing Stop, TP/SL with ATR Option, several type of stop bands...
Profit/Loss Label with Fee, Slippage and Leverage Calculation
- Additional Modules -
L3 - Backtest Module
L2 - Noise Filter
L2 - QQE++
L1 - Trend Index
Trend Matrix (Coming soon)
Dynamic Range Breakout (Coming soon)
Breakouts & Pullbacks
- Request Access -
Contact me - see my signature below
Double MACD Intraday Scalp identifier Please be aware - this script is not to be used in isolation but is a relatively easy way of detecting potential intraday scalps combined with other analysis. It is to be used on a 5 minute interval chart.
The script is essentially a simple two layered time frame MACD used on a 5 minute chart by combining two MACDs into one script saving user indicator allowance limits.
The shorter MACD is 8/21/7 in BLACK and RED
The longer MACD is 3 x the above at 24/63/21 in BLUE and FUCHSIA and equivalent to a 15 minute chart overlay.
Both MACDs are replicated in the same colors on the main chart with EMAs.
The reason for these specific inputs is nothing more than personal preference and using the traditional 12/26/9 and trebling it for the 15 minute overlay at 36/78/27 is entirely up to the individual. Back testing different parameters to suit your own style is advised.
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Basic Rules for a Potential BUY setup with trades being taken on subsequent bar opening.
The long MACD (blue and fuchsia) suggests the Primary trend.
1. Long MACD above Signal and MACD above "0" and rising (Histogram is grey and rising away from zero) - Strong weighted signal.
2. Long MACD above Signal with MACD below "0" but rising (Histogram grey and rising towards zero) - Medium/Strong weighted signal.
3. Long MACD is NOT above Signal and below zero but rising (Histogram is grey and rising towards zero) - Medium weighted Signal.
The short MACD (black and red has the histogram turned off) is the Scalping trend within the above Primary trend.
4. Short MACD above Signal and MACD above "0" and rising is positive in combination with above. This is a fixed rule with no alternatives.
The reverse applies for a potential SELL setup with the Histogram orange.
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In the attached snapshot you'll see all the other analysis used in combination with the Double MACD to confirm or negate the potential setups with 3 x trades marked at the appropriate points. All 3 trades in this instance are "Medium Weighted Signal" setups applying Rules 3 and 4 but they all turned out to be successful using additional analysis to confirm. Only Trade 3 incurred drawdown and was placed after PRICE closed above VWAP on the preceding bar.
It is up to the individual to use whatever additional analysis they choose to confirm or negate any given potential setups and the below is used in the chart example. TP points are arbitrary to the individual's analysis style but these are generally short term scalp trades so diligence in applying personal goals and utilizing combination analysis is paramount to any success as always.
Volume Profile Session as shown.
Combination of Bollinger Bands with EMAs as shown.
VWAP as shown (green circles).
ADR bands (hidden).
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NB. This strategy is concentration intensive and becomes far more productive when following only a few FX pairs at any given time and although it was designed primarily for FX trading, it can be applied across all asset classes with equal success.
Candle Volume Profile 4hShows which part of the candle had the most volume.
To have it showing you need to hide the candle bodies of your chart.
Only works on the 4h timeframe
Trendbar IM This script show me iniciative move. It it based on 3, 4 or 5 candles thats contains pivot low/high and hidden gap. I use that with volume profile to confirm that the gap is really made with "big players". It shows me momentum in the market. For intraday i am using that on 1h chart and swing 4h and daily chart.
Chonky Initial Balance (crypto)Plots the Initial Balance for crypto assets.
I use it for XBTUSD specifically.
The Initial Balance range is an area watched by Market/Volume Profile traders.
The idea behind it is that participants will start the day with a premeditated bias towards the market, and this is the first glimpse into how the rest of the day may unfold.
Access: DM me and I will consider granting access
PivotBoss ADR Price TargetsThis script forcasts daily, weekly, Monthly targets well in advance so that you can position yourself accordingly. Script has four target levels such as 50% target level, 75% target level, 100% target level and 125% target level. You can scale out your position across these levels. Price has 80% potential to reach 1st target level, 70% potential to reach 2nd second target level and 50% potential to reach 3rd and 4th target level.
The script takes 10 period average daily range and high of the period to project the downside targets, 10 period ADR and low of the peiod to project upsdie target levels.
When the price is trades in the narrow range in the prior period then the potehtial to reach 125% target level increase by 90%.
This script is purely price based use it with other pivotBoss pivots and volume profile for confirmation of your bias
Short&Long liquid levels (XBT & ETH)Shows liquidation levels of marginal LONG and SHORT positions on BITMEX for XBTUSD and ETHUSD pairs.
Levels are calculated from the basis price, which you can change manually. The best choice is using the Volume Profile indicator in conjunction, so you can take POC for the basis price. As well, you can use significant horizontal levels or a middle line of a price channel. In order to prevent chart collapse, last candle open price is used by default.
Indicator presents x100, x50, x25, x10, x5, x3, x2 levels for XBTUSD and x50, x35, x25, x20, x10, x5, x3 for ETHUSD. Each level is marked with labels by default, and you can turn the labels off in the styles menu.
The indicator is only visible on XBTUSD, BTCUSD, BTCUSDT, ETHUSD, ETHUSDT pairs.
You can turn on/off Short or Long liquidation levels.
The basis price is the same for Longs and shorts by default, specify separate price for short if you need.
If you have any advice to improve the indicator or if you find any mistake, please leave your feedback.
PpSignal CFB Tren Follow V 1.0 Stock and Indicesthis strategy is based in strong signal of analysis trend (CFB and 2), volatility (ATR & STD Band) and volume.
when we have the first CFB 1 alarm ( green buy signal) we must wait until the price breaks out the upper band of the ATR MA, you have atr alarm ma option signal in the setup of indicator.
we can enter in the 3rd time when the cfb 2 give you the 3 signal blue buy color alarm.
The indicator also has an exit alarm option when the price goes into the ATR band.
It also has a smoothed W% alarm.
enjoy it
PpSignal ATR MA Band V2.1this indicator is based on the idea of acceleration bands, only that the algorithmic calculation is totally different and more accurate
ATR or accelerator Bands Quick Summary
Breakout outside ATR bands suggest a beginning of a strong rally or a sell-off.
Closing inside the bands afterward signals about the end of a rally or a sell-off.
The idea behind Acceleration Bands indicator
Acceleration Bands principal use is in finding the acceleration in currency pair price and benefit as long as this acceleration preserves.
How to trade with AB indicator
2 consecutive closes outside Acceleration Bands suggest an entry point in the direction of the breakout. Then position is kept till the first close back inside the Bands.
this indicator also shows us the trend, using CFB as a signal.
It also uses W% smoothing, when the CFB trend, the W% and the escape of the bands going to the same side is a strong signal of purchase or sale.
You may find other alarms within the indicator such as: W% signal
escape from the price of the bands.
price entry to the bands
bollinger bans stop, can be used as SL.
and a mobile average based on ATR.
You can to combine this indicator with:
related pre indicators
