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QuantPivote

We are introducing the ST_QuantPivots Indicator, an advanced analytical tool meticulously crafted for ThinkOrSwim, which is now poised to debut on TradingView with Pine Script conversion.

Weekly Periods Analyzed :
  • The number of total periods loaded and analyzed is on the chart.

Touch > H1 :
  • Pivot level average price exceeded or was equal to, but did not close above.

Close > H1 :
  • How often has the price closed above the H1 pivot level.

Touch > H2 :
  • Pivot level one standard deviation above H1.

  • The price exceeded or was equal to, but did not close above.

Close > H2 :
  • How many times has the price closed above the H2 pivot level .

Touch > L1 :
  • Pivot level average price exceeded or was equal to, but did not close below.

Close > L1 :
  • How many times has the price closed below the L1 pivot level.

Touch > L2 :
  • Pivot level one standard deviation below L1.

  • The price exceeded or was equal to, but did not closed below.

Close > L2 :
  • How many times has the price closed below the L2 pivot level.

Total Closes Inside H1 / L1 :
  • Total number of times with in the periods analyzed that there were closes within H1 / L1 .

Total Closes Inside H2 / L2 :
  • Total number of times with in the periods analyzed that there were closes within H2 / L2 respectively.


Pivots :
Pivot lines are a function of the analysis and averaging period inputs.
  • H1 represents the average point which the highest price is achieved for the selected time period (analysis period).

  • L1 represents the average point which the lowest price is achieved for the selected time period (analysis period).

  • H2/L2 = One standard deviation away from the inner high H1 or low L1 bands.
    Pivot lines are a function of the analysis and averaging period inputs.

  • H1 represents the average point which the highest price is achieved for the selected time period (analysis period).

  • L1 represents the average point which the lowest price is achieved for the selected time period (analysis period).

  • H2/L2 = One standard deviation away from the inner high H1 or low L1 bands.

cuplikan
Pivot PointsPivot points and levels

Skrip hanya-undangan

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Instruksi penulis

This is a paid indicator. Please contact the author for a week's trial access on Trading View chat or Message on telegram with the Tradingview username https://t.me/pineafl for new feature requests reach out to pramod@pineafl.com

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