Floor Trader Pivots Levels 7-9Are you all-in using Floor Trader Pivots for your day trading career and want even MORE levels for the most unusual market circumstances? Well, this add-on should cover even the wildest of days.
TradingView has a limit of only showing the published indicator in the screen capture, so here is the above BTCUSD Trading Day with my Levels 4-6 add-on included.
Send me a private message for information on pricing and access.
Happy Trading!!!
Các điểm Pivot
Istanbul by MMEN
I'm proud of to introducing Istanbul indicator. Istanbul is a smart support/resistance indicator based on price action. It analyzes price with different lengths and decide where is the high volume and reversal pattern.
There are 5 different lengths. They are 20, 100, 200, 500 and 1000. Each levels specified by different tickness. 20 is the thinnest and 1000 is the thickest. You can easily track levels by thickness. 20 has the lowest and 1000 has the highest impact on price movement.
There is an other field named as Precision. If you want to see more levels on the assets, please increase precision value. Otherwise decrease. For example, If you want to see more strong levels, you can set precision to 2. Otherwise set precision to 10. Default is 5.
Istanbul is also uses volume as a decision point. So you can adjust Volume Multiplier as you wish. Default is 1.5.
Lines have 3 different colors.
Green: It's support. Price above this level.
Red: It's resistance. Price below this level.
Purple: It's indecision. Waiting for confirmation.
Istanbul shows important levels as a channel. If prices moves between two lines, this channel is the starting point for new trend. It may be long or short. Watch prices and make your decision.
TR
Istanbul indikatörünü sizlere tanıtmaktan gurur duyuyorum. Istanbul, price action felsefesine göre destek ve direnç noktalarını belirleyen akıllı bir indikatördür. Fiyat hareketlerini farklı uzunluklarda geriye giderek inceler ve yüksek hacimli dönüş formasyonları gördüğü zaman destek ve direnç noktalarını çizer.
5 farklı seviye vardır. Bu seviyeler zayıftan güçlüye doğru 20, 100, 200, 500, 1000'dir. Her seviye gücüne göre farklı kalınlıkta çizilmiştir. 20 en ince, 1000 ise en kalın çizgidir. Grafiğe bakarken kolayca kalınlıklarına ve inceliklerine göre destek/direnç noktalarının gücünü anlayabilirsiniz.
Precision değişkeni ise Istanbul'un hassasiyetini ayarlar. Bu yüzdesel bir değişkendir. Varsayılan olarak %5 ayarlanmıştır. Eğer daha keskin ve net destek/direnç noktaları görmek isterseniz bu yüzdeyi düşürmeniz gerekir. Örneğin 2 yapabilirsiniz. Eğer daha çok destek/direnç noktası görmek isterseniz bu değeri 10 olarak ayarlayabilirsiniz.
Istanbul'un karar mekanizması içinde hacim de etkin bir rol alıyor. Volume Multiplier seçeneğeni isteğinize göre değiştirebilirsiniz. Bu değerin 1'den küçük olmaması gerekir.
Çizgilerin 3 farklı rengi vardır.
Yeşil: Destek noktası. Fiyat bu seviyenin üzerinde.
Kırmızı: Direnç noktası. Fiyat bu seviyenin altında.
Mor: Kararsızlık. Indikatör onay bekliyor.
Istanbul önemli seviyeleri bir kanal olarak gösterir. Eğer fiyat kanal içinde hareket ediyorsa, bu kanal yeni trendin başlayacağı seviyelerdir. Bu trend yükseliş ya da düşüş trendi olabilir. Fiyat hareketlerine bakarak long ya da short pozisyon açabilirsiniz.
EXAMPLES || ÖRNEKLER
AAPL
GBPUSD
ATOMBTC
XU100
Kviateq - Session PivotsFirst of all, I must say that this script wouldn't be possible without the help of one of the best script developers on TradingView - @ahancock (thanks a bunch for your help)
This script draws opening ranges for each of the sessions - Tokyo, London and New York and plots session high, low and pivot range of the previous session.
So if you trade London session - you would only take longs if we're above the Tokyo pivot range and vice versa for shorts.
Often times previous session's highs act as resistance and lows act as support, so careful trading around those levels.
It is obviously meant for lower timeframes, since each of the sessions only lasts a few hours.
Default settings are set to the exchange that I use and my timezone (GMT +7), so you might need to adjust the settings accordingly.
Tokyo - 12am GMT
London - 7am GMT
New York - 12pm GMT
Heiken Ashi Pivot Breakout Trailing StopThis is a heiken ashi pivot based trailing stop for breakout entries and exits. It's possibly related to the Swing Index System by Welles Wilder or an alternative to it that I came up with, in case determining the swings on the Accumulative Swing Index is too much of a burden. It is believed that the ASI uses the calculation of heiken ashi in its formula. This does not use the ASI as a bottom indicator in the chart but instead uses the heiken ashi bars on the top of the chart to objectively find the swing pivots . These swings pivots act as support and resistance and can be used to confirm the start of a breakout or the end of one.
Suppose you find a chart pattern or setup, such as divergence or a pennant in the RSI , a pattern on the ASI, and/or on the chart, or the end of an elliot wave , etc and want to confirm a strong breakout and ride it to the end. Many trailing stops won't be able to confirm the beginning or would last too long or not long enough to exit out of one. On an uptrend, when the price breaks below the last swing low pivot , it can confirm the end of the breakout. On a downtrend, when the price breaks above the last swing high pivot , it can confirm the end of the breakout.
This trailing stop is not meant to replace trend following ones. The swing pivots can vary yet the price can still continue at an uptrend whereas this heiken ashi pivot based trailing stop exits as soon as it goes above or below the last resistance point. These swing points can end up being too close for trend following but can work well for breakout trading. The bigger the chart pattern or breakout, the more reliable the exit signal will be in my opinion. This is an experimental idea that I came up with from trying to interpret the ASI.
Market ProfileHello All,
This is Market Profile script. "Market Profile is an intra-day charting technique (price vertical, time/activity horizontal) devised by J. Peter Steidlmayer. Steidlmayer was seeking a way to determine and to evaluate market value as it developed in the day time frame. The concept was to display price on a vertical axis against time on the horizontal, and the ensuing graphic generally is a bell shape--fatter at the middle prices, with activity trailing off and volume diminished at the extreme higher and lower prices." You better search it on the net for more information, you can find a lot of articles and books about the Market Profile.
You have option to see Value Area, All Channels or only POC line, you can set the colors as you wish.
Also you can choose the Higher Time Frame from the list or the script can choose the HTF for you automatically.
Enjoy!
PT Crypto Kill ZonesVersion 1.0 of our PT Crypto Kill Zones indicator helps create a visual of specific times throughout the trading day, which we can expect volatility. The market moves within particular sessions. These sessions are broken up as such in three segments, NY, London & Asia.
Toggles -
Market Open highlights the opening of each market.
Daily Zone – highlights a period around the daily crypto candle close.
NY Open Zone – highlights a period around the NY market open.
NY Close Zone – highlights a period around the NY market close.
London Open Zone – highlights a period around the London market open.
London Open Zone – highlights a period around the London market close.
Asia Zone – highlights a period around the Asia market open.
Preferred zones are settings we came up with by running backtests to figure out which periods are close to the kill zones, which offer a better reaction.
Strategy: Use the sub 1h time-frame (30m is ideal) and scalp the London & NY zones with the PT Liquidity & PT Buy/Sell indicator.
This Oscillator was built around our buy sell & Liquidity indicator for scalping. It is included as part of the library. Just message us for access!
Raygun [MS]Support and resistance indicator for any asset and any time frame that makes it simple to visualize S/R flips as well as bullish and bearish bounces and rejections off these levels.
Simple to use, just add to your chart and choose how often you want the levels to update based on the Size setting.
Lower numbers will update more quickly and show more recent levels.
Bigger numbers will update more slowly and show older levels.
Alerts are available for when price nears or bounces off a level of support or resistance, as visualized on the chart.
Settings
• Set the indicator's size
Use the link below or PM us to obtain access to this indicator.
TheStrat MTF High/LowI just started learning about #TheStrat by Rob Smith. I created this tool as it helps me see the bigger TFs over my short TF periods. It plots the Highs and Lows of the current and past Quarter, Month, Week, Day, 6hour, and 1hour. (I added the 6 hour for myself for use with cryptos which run 24 hours). It leaves the previous Highs/Lows plotted as well so you can see how the candles are moving within the bigger candlestick . Example, if you select the 15 minute candlestick , it will also list the current high/low for the 1h, 6h, D, W, M, and Q.
It has customization that will disable whatever TF's you are not interested in.
It has auto-detect and disable lower TFs that are less than or equal to the current selected TF. This function will only work to disable when one of the above mentioned periods is selected. Example, if you select the M candle, it will disable the M, W, D, 6h, and 1h. Only the bigger TF of the Q will be visible. Example of when function wont work, if you selected the 2 Month candle it will not disable any of the TFs.
I am open to any ideas that you experienced Stratters offer. As soon as I get better at the system and generate some income for myself, I will likely make it open source. Hope this helps.
Support and Resistance-Heiken Ashi-Swing Index System-alertsThis is a breakout system that has pivot swing lines and a trailing stop built in. Many people try to use different ways to find out what a swing point is such as, zig zags, lookbacks, fractals, hand-drawn chart lines, or other subjective indicators. This looks at the heiken ashi price to objectively find the swing pivots. Many would agree that the color changes in the heiken ashi bars are signs of price reversals. This indicator tells where the significant swing points will be based on this concept. A lookback for a specific number of bars is then done to make sure the lowest low or the highest high is the actual swing point by looking at all possible combinations where it could be after finding the color change in the heiken ashi bar. After the swing points are found, the pivot lines can act as support and resistance levels, as trailing stops, as a confirmation of a breakout, or any other use that S/R lines might have. The colored zone filling is included along with the pivot top and bottom lines to show that the price has broken above/below the pivot lines and has remained above/below them. This trailing stop can be used as a final indication of an exit for trend following, breakout system, or any other system that it might benefit from by sometimes reacting before other trailing stop to give off a more reliable exit signal. It works similarly to other trailing stops such as ATR based ones and Supertrend, but instead of being used for an exit or stop, it is meant more for an entry or confirmation signal. A breakout of a price pattern or S/R levels can be confirmed when the colored red/green zone changes color. Other trailing stops or exit strategies can be combined to give off a better exit.
I made this indicator so that instead of using a trailing stop line to show the direction of the breakout or trend, a colored zone is used so that it doesn't get in the way of the upper and lower lines. It can be turned off in the settings if only the support and resistance lines are needed. Other than that, this indicator doesn't need any inputs whatsoever to find out where the swing pivots points might and are found objectively using heiken ashi. I also included several alerts to signal whenever the trend direction color zone changes, when the price breaks support or resistance, or when it breaks the previous support and resistance levels.
ASFX EMAs, ADR, Asian Range, and Pivot PointsThis indicator combines the essential indicators that ASFX traders use, including the EMAs (8, 21, 50, 200, 800), the Average Daily Range, the Asian Range, and the Pivot Points.
The EMAs should be used as dynamic supports and resistances. We could use it to find entries like when there is a bullish engulfing coming off the 21 EMA.
The Average Daily Range tells us the how many pips the pair moves on average. We could use it to measure risk/reward ratios or see it as another resistance.
The Asian Range is displayed as two lines indicating the Asian Session's High and Low. This could help us to determine whether the pair is ready for a breakout. We might avoid setups that are still in the Asian Range as the pair might still be indecisive.
The Pivot Points are also another form of support and resistance which are calculated using the previous day's data. The Pivot Points displayed in this indicator only include the Pivot, R1, R2, R3, S1, S2, S3. (R4, R5, S4, S5 are not included)
All of these indicators should give us a read of the trend. If the EMAs are beautifully fanned out with the 8 EMA on the top and the 800 EMA on the bottom and the price is above the Asian Range and the Pivot, we might keep an eye for a long entry.
[SCL] True Market StructureSee market structure at a glance with Higher Highs and Lower Lows. Bullish/Bearish/Ranging market bias is automatically derived. Optionally get alerted for breaks in market structure. Uses true Local Highs/Lows instead of simply the highest/lowest "pivot" for x bars. Can be useful as a support for learning market structure or for alerts for a change in structure while you're not at the computer.
Support and Resistance levels - DMI - DI trailing stop linesThis can be used to compliment the Directional Movement Index if used as a standalone trading system. In addition to using the ADX and DI lines, a trailing stop can be used when the DI lines cross. If the plus line is above to show a buy signal, then the low of the price of when which the cross took place is used as a trailing stop. If the minus line is above to show a sell signal, then the high of the price of when which the cross took place is used as a trailing stop. This helps cut losses sooner whenever the price would end up going through these trailing stops or support/resistance levels yet the DMI system would show an upward or downward move.
Magnetic Zones v1.1 BetaMagnetic Zones v1.1 Beta
This is one of the most powerful and effective indicator which I personally use for Intraday.
It works well for trending stocks and trending days.
What are the Zones?
The zones are basically Retracement and Reversal Zones. The price will take a halt at this zones. So it will be easy to take an entry.
How to use?
Labels:
Pivot = P
Major Zones = R1, R2, R3, S1, S2, S3
Minor Zones = R0.5, R1.5, R2.5, S0.5, S1.5, S2.5
Previous Day High & Low = PDH, PDL
Breakout:
Opens between Previous Day High or Low and R1 or S1 Zone and taking retracement at the zone can result in a breakout.
Entry Time:
No Entry: 0 to 15min. Wait for the early Algo rush to settle down. Just go through the shortlisted stocks or top gainers and top losers.
Risky Entry: 15min to 30min. It is the right or early time to participate in the beginning of a rally. But, recommended only for experienced, disciplined and planned traders.
Moderate Risk: 30min to 45min
Safe Entry: After 45min to 1hr
Stock Selection Tip:
Use Expanded Floor Pivots to spot Narrow Range stocks.
Entry Tip:
Use Opening Range Breakout (15, 30, 45 or 1hr) to spot false shoot ups.
Entry:
After the retracement on or closer to the zones.
If the retracement happens in between spaces of the zones expect next retracement at the next in between space. Imagine the levels accordingly.
Retracement is the right time to make an entry with minimum stoploss.
Stoploss:
Just below the longest candle which touches the zone.
Target:
If it is a trending stock the price will move easily from one major zone to another major zone.
If the zones are wider on a particular day use the minor zones as target.
Consider the historical support and resistance, highs and lows to confirm the entry or exit.
Indicator Features:
Inclusion of 2nd and 3rd zones: Helpful to identify the target zone and to participation in a major rally.
Clean and cluster free look
Shows only required zones
Hide historical levels
Previous day High and Low levels
Multi time-frame
Caution:
Don't solely depend on this indicator. Always use this with other analyzing tools or methods for more confirmation.
Acknowledgement:
Thanking the original formulators.
Note:
The indicator is under testing. Any errors, updates and additions will be updated in the final version.
Even though there many are other indicators similar to this in TradingView, this indicator is customized for precision, inclusion of extended levels and designed for a squeeze free chart and visual appeal.
Explore, improvise and formulate new methods with your personal experience and ideas.
Zig Zag High-Low + RSIThis indicator adds to the functionality of Tr0sT's Zig Zag High Low Indicator by adding the RSI value above the higher-high to eyeball whether the current trend (signified by consecutive higher-highs and higher lows or consecutive lower highs and lower lows) is strengthening or weakening.
THEORY / METHODOLOGY:
If the uptrend is strong, the later pivot high will have a greater RSI number than the previous pivot high indicating an opportunity to go long. In a downtrend the lower high should have a lower RSI than the previous lower high indicating an opportunity to go short. If it does not, it is an indication that the trend is weakening.
ACTION:
If the ZigZag has higher highs and Higher lows and a strengthening RSI, look for Long opportunities on the lower time frame. If the ZigZag has lower highs and lower lows and a weakening RSI, look for Short opportunities on the lower time frame.
USAGE:
This methodology works best and produces the most opportunities when the markets are active, i.e. between 6AM-11AM EST
Thanks to Tr0sT for the original ZigZag High-Low indicator.
Tr0sT: www.tradingview.com
Zig Zag High Low Indicator:
PT High Low Version 1.0 of our PT High Low indicator helps create a visual for the Daily, Weekly, Monthly & Yearly range. These levels will give you an idea of where the price can react if reached. Consider them pivotal areas. We included a toggle that will help you go between the candle's High/Low to the candle's Open/Close. Both features are unique when scalping & swinging. The High/Low will paint a beautiful visual for your day to day trading & the Open/Close will help you determine where price maxed opened & closed for that specified timeframe.
Strategy:
Price tends to gravitate between the Daily level when playing intraday scalps. If playing the weekly, you want to be above the weekly pivot to punt longs & under the weekly level to punt shorts. More likely than not, when the price hits a monthly or yearly level, we get a noticeable reaction off it.
This Oscillator was built around our buy sell indicator & it is used on all time frames for swinging & scalping. It is included as part of the library. Just message us for access!
Ichimoku Cloud "Pivot"The purpose of the base and conversion lines is to give an indication of the current trend but the numerous crossings and false signals make it noisy and unreliable. This new indicator dubbed the the Ichimoku Cloud Pivot is based on an average of the IC leading spans without the time offset which are further filtered through a Donchian Channel. The result is the purple line which has fewer crossings and reliably serves as a resistance/support as shown in the diagram. It can be used in instances where the cloud fails to give a clear signal of the current trend. The brown line is the standard conversion line and is shown for reference.
Lachie 5.0.1.2: DDS (Divergence Detection System)Introduction:
The purpose of this indicator is to assist users in detecting bullish and bearish divergence. This is purely for educational purposes and should only be used as an indicator to invest further time in TA.
This indicator is a further release of my previous indicator Lachie 3.0: DDS (Divergence Detection System).
How to interpret:
When a unique event occurs in the market the logic of the code will trigger:
-Bullish Divergence: Yellow X = divergence detected/forming, Orange X = strong confirmation, Green snow flake = targets end of divergence (fails sometimes)
-Bearish Divergence: Red X = Divergence detected/forming, Red snow flake = attempts to hit end of divergence/peaks
The chart may draw several characters in one location usually adding to the strength of the divergence.
What should I do when a character is painted on my chart:
As this is an educational indicator, I can only recommend that once a character(s) is drawn you should pay further attention to the currency/stock (do further Technical Analysis ). Treat this indicator as a hunting dog, looking for areas for you to investigate. You don’t give your dog the gun so please do not link it to automation and get tilted when something doesn’t go quite your way.
What time frames is this indicator best on:
This indicator was designed on a 1 hour chart. However, it does perform quite well on the daily, 4 and 6 hour charts. Its performance is reduced on 15 and 5 min since previous release (Lachie 3.0: DDS (Divergence Detection System)).
FAQ:
Should I Buy/Long when I see a bullish indicators?
I will not recommend any purchases without first proper TA. Majority of the time the indicator will correctly fin the bottom however in extreme down trends the code will display fake characters. Upon proper TA you will see how these are fake, but if you rely on a signal, you may get caught out.
Should I Sell/Short when I see a bearish indicators?
Only on 125x leve..... nope, please use this for educational purposes until full versions is released.
I am getting too many characters on my chart?
Although this was worked on heavily since previous release you may still encounter numerous characters in one place, for now this is quite normal and can happen when:
-High strength divergence.
-In a down trend occasionally the logic cannot correct interpret the weakness in the market.
Is this indicator applicable to any market?
Yes, although the indicator was developed based on Crypto Currency markets, the indicator is usable and in most instances more accurate on traditional markets.
Will there be future updates released?
As the code ages and further development is made, updates including increase accuracy for automation and signals may be released. This is really released for educational support. These updates may be released under a separate indicator listing.
This is an earlier derivative of current indicator with bullish and bearish divergence with higher accuracy (signal) script.
For access (vendor requirement):
Please contact me via private message on Trading View.
Images of Indicator:
Previous versions:
Lachie 3.0: DDS (Divergence Detection System)
Created and owned by Lachlan Schahinger. (2019)
Automatic Risk to Reward PivotsIn a nutshell I was tired of guestimating what my risk was between pivots when getting into trades I went to work on the basic math behind the relationship of the pivots to find their natural risk to reward ratios.
The natural risk to rewards span high and low...for example...you can go from the S3 --> R3 and that R:R is with a stop loss of the S4 is 7.4
But making all of those possibilities in code is excessive and for simplicity sake I price can only be between two pivot areas at any point in time.
So this auto risk to reward is limited to the 2:1 opportunities. If you by chance do the math for all of the possibilities as I have then it would be easy to change the Take Profit levels.
I use the fibonacci pivot points in this indicator but I include the mid levels and further extensions totaling 20 levels, 21 including the pivot.
Here they are...the generic plots are bolded...the additional levels are the other fib levels
R7 - 200%
R6 - 162%
R5 - 141%
R4 - 127%
R3 - 100%
R-C - 76%
R2 - 62%
R-B - 50%
R1 - 38%
R-A - 24%
Pivot
S-A - (24%)
S1 - (38%)
S-B - (50%)
S2 - (62%)
S-C - (76%)
S3 - (100%)
S4 - (127%)
S5 - (141%)
S6 - (162%)
S7 - (200%)
The indicator give you the setups for uptrends and downtrends based on the pivot point moving averages (ex. ema(hlc3, 34)) from a higher timeframe which you will be free to change yourself in the inputs.
For my setup, I trade from the daily pivots using the 10m or 5m chart so my next level up is the weekly pivots which I view using the 1H chart candles.
In the next iterations I will add the ability to change the MA lengths.
Pivot Point Moving average lengths
Weekly lengths - fast 34 : slow 55
Monthly lengths - fast 13 : slow 34
Yearly lengths - fast 13 : slow 34
Rules for Uptrends
Fast MA > Slow MA
Session high < r6
Rules for Downtrends
Fast MA < Slow MA
Session high > s6
Timeframes applicable are only those who have a higher pivot set above it
Monthly_SR = 240m, 300m, D
Weekly_SR = 26m, 30m, 60m
Daily_SR = 1m, 3m, 5m, 10m, 15m
Your take profit line will always populate where your risk will be 2:1
Your stop loss will always be one pivot level underneath or above your entry
Feel free to ask any questions. Trade well my friends!
TradeChartist Fib Master™TradeChartist Fib Master is a versatile Fibonacci Support and Resistance indicator that can be used to plot Automatic Levels and Fibonacci Levels based on a variety of ways from the settings, including Auto Fibs plot by connecting to an external indicator.
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What does ™TradeChartist Fib Master do?
Plots Automatic Levels without the need for user input
Plots 3 types of Fibonacci Levels
════ 1. Auto-Fibs (by connecting to an external indicator - Oscillatory or non-Oscillatory)
════ 2. Fibs based on Lookback (Lookback type - Candles or Days)
════ 3. Fibs based on Price Input
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Detailed description of ™TradeChartist Fib Master features
╔══ Automatic Levels Generator ══╗
Enabling Plot Automatic Levels plots support and resistance levels automatically without any input from the user other than preferred levels plot from the indicator settings namely,
Plot Local Levels for Lower TF - Plots all important Support/Resistance levels for mostly smaller time frames (can be used for up to 1hr in most cases). Recommended for Scalping/Swing Trading mostly dependent on volatility.
Plot Local Levels for Higher TF - Plots all important Support/Resistance levels inferred from mostly time frames - Short to Mid term outlook.
Plot Extended Levels for Higher TF - Plots all important Support/Resistance levels inferred from very higher time frames - Mid to Long term outlook.
Use Trading View Data Window to make effective use of the levels.
Tip: Add a duplicate Fib Master indicator to chart, use Automatic Levels Generator and increase transparency of Fib colours to 100. This helps view the levels on Data Window while having the Fib plots on chart.
Note: Uncheck Plot Automatic Levels to enable Fibonacci plots from Fibonacci Levels Generator
╔══ Fibonacci Levels Generator ══╗
════ 1. Auto-Fibs ════
Almost any indicator plot or Signal (Oscillatory or non-Oscillatory) can be connected to Fib Master to generate automatic fib levels. This is done by automatically detecting the price trend based on the connected indicator, its corresponding highest high and lowest low prices of each trend.
Also, Fib Master plots Bull (default - green) and Bear (default - red) Zones background including the signal candle (default - orange), where the trend changes based on the connected indicator Signal. This helps detect the effectiveness of the connected indicator Signal too, as too many unproductive signals from the connected indicator will create numerous Bull and Bear Zones (which also will render the Auto-Fibs ineffective).
To connect an external indicator Signal, just choose the corresponding Signal plot from the Plug Indicator Here dropdown from settings and choose whether the connected signal is Oscillatory (for Oscillators like RSI, CCI, MACD, Trend Identifier signals from more complex indicators like ™TradeChartist Bollinger Bands and Donchian Channels Pro etc.) or non-Oscillatory (for plots like Moving Averages, Super Trend, Ichimoku plots like Kijun Sen etc.)
If the connected Signal is Oscillatory, enter the filter levels. Default is 0 for both fields as most Oscillators have 0 as their mean reversal zone. For Oscillators like RSI, 60/40, 50/50, 55/45 etc. can be used.
Note: Please test the performance and effectiveness of Auto-Fibs of connected Signal first before using it for trades.
════ 2. Fibs based on Lookback ════
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.
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. Fibs based on 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.
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Note: Show Auto-Fibs from current High/Low
When this option is chosen from indicator settings, the Auto-fib levels are drawn from the highest high of the trending price direction to lowest low of last trend for uptrend or vice-versa for downtrend.
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Extra Features
The Fibonacci levels can also be reversed by enabling Reverse Fibonacci Levels option from the settings.
0.886 and 1.113 Fib levels can be plotted on chart by enabling Show 0.886 and 1.113 Fibs from settings, as these are important levels for harmonic pattern traders.
Fib Line and Label Style including Color, transparency, size etc. can be changed from settings based on user preference.
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Example Charts
XAU-USD Gold Daily chart using Automatic Levels Generator with Zones identified when connected to external indicator
BTC-USDT Daily chart using Automatic Levels Generator
SPX 1hr chart using Automatic Levels Generator
ETH-USDT 1hr chart using AutoFibs generated by connecting Fib Master to RSI with 60/40 Filter levels
XAG-USD (Silver) 1hr chart using Fibonacci Levels based on lookback
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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Camarilla Scanner v1The script is based on Camarilla pivots for trend analysis of stock in intraday.
It will scan the selected stocks chosen in input settings displays the current status of where they are with respect to Camarilla pivots.
The day's history will show only those closed above R4/below S4.
Support and Resistance Levels with Breaks [LuxAlgo]This script provides basic pivot point Support and Resistance Levels to the user whilst displaying Break signal tags. It also has the ability to let the user display more significant breaks by filtering using the Volume Oscillator.
Only more significant breaks of these basic levels are displayed to the user when optimized which avoids noise and messy signals.
It will also display breaks with candles it deems to be bullish (e.g. having a longer upper or lower wick).
Notation
The notation of "B" denotes a break of either a Support or Resistance level with a volume greater than the threshold.
The notation of "Bull or Bear Wick" denotes a bullish or bearish candle on the break.
Settings:
Left Bars - the number of bars left hand side of the pivot.
Right Bars - the number of bars right hand side of the pivot.
Volume Threshold - the threshold value (%) for the Volume Oscillator.
Usage & Details:
Knowing when a pivot S/R level is broken with significance can be of great help to a trader. Many times significant levels may not be broken with significant force and the move is therefore weaker and possibly not worth trading.
ABCD Harmonic PatternsShows Bullish and Bearish AB=CD Harmonic Patterns with Pivot High, Pivot Low and Pivot Line
