The indicator is a Multi-day CPR.
It shows CPR range as per yesterday's HLC and also CPR range for last n number of trading sessions.
For example: If you mention the value as two in Multi-day CPR (blue color) then it calculates the CPR using HLC of the last two trading sessions.
Also, the daily CPR is designed in such a way to highlight Virgin CPR (purple...
Alerts for "Significant Pivot Reversal Strategy":
As one of the ways to filter out insignificant levels I decided to check that pivot point is not above/below neighbors, but check that it's above/below at least by a certain amount.
I use ATR, so in params, you can set length of ATR and also ATR multiplier. The new level will be calculated only if PP will be...
I'm working on improving the Pivot Points Reversal Strategy.
As one of the ways to filter out insignificant levels I decided to check that pivot point is not above/below neighbors, but check that it's above/below at least by a certain amount.
I use ATR, so in params, you can set length of ATR and also ATR multiplier. The new level will be calculated only if PP...
These are alerts for previously published strategy:
This strategy joins the Pivot Reversal strategy with the RSI indicator.
We check RSI level at the pivot point level and only if RSI condition is satisfied we update levels for stop orders.
This strategy joins the Pivot Reversal strategy with the RSI indicator.
We check RSI level at the pivot point level and only if RSI condition is satisfied we update levels for stop orders.
The strategy works pretty good for crypto, 30m, 1h, 2h timeframes.
WARNING: The toil of this script is not mine . In order to avoid disrespect for work, I deleted some extensions only pure pivots , that is, only the information this script needed. I liked the fact that high and low pivots were in one function. I found this command by chance on stackoverflow. I don't know the authors and the nicknames because they are the...
Created a script for alerts on Traditional 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...
Very 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 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...
# 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...
by using this script you can find Pivot High-Low Points. This script works like Tradingview pivothigh & pivotlow functions.
If you find my works useful, please consider a donation
BTC: 16XRqyS3Vgh1knAU1tCcruqhUrVm4QWWmR
by LonesomeTheBlue
Indicator currently allows pivots from two time frames (ideally a trading time frame and a higher time frame) to be specified.
In the example, the 1H time frame is being used for entries using the 4H time frame (8 candles pivot width = 2 4H candles) as the trading time frame and the daily chart (48 candles pivot width = 2 daily candles) as the higher time...
Pivot Points High Low Extension
See Also:
- A Simple 1-2-3 Method for Trading Forex
- The Classic 1-2-3 Pattern: An Underestimated Powerhouse
- Bulkowski's 1-2-3 Trend Change
Candle based indicator that shows swing highs and lows (pivots).
It draws an up or down arrow for simple three candle 'single' swings.
For stronger five candle 'double' swings, it colours the candle. Good for highlighting stronger reversals.
Both of these stylings can be toggled on/off individually.
Default colours
Swing HIGH on an UP candle: bright...
Its' new version of previously published Kozlod - Pivot Reversal Strategy Alerts
Indicator now better correspond to original strategy. However, there can be some differences. Problem is that it's pretty tricky to implement in plain PineScript same "stop" logic used in strategy.entry of the original script
![XBTUSD.P: My Simple Pivot [ChuckBanger]](https://s3.tradingview.com/f/FLQR77tK_mid.png "My Simple Pivot [ChuckBanger]")
