Plots the standard deviation resistance/support levels.
Input the previous settlement price and the implied volatility.
credit to u/UberBotMan and u/Living_Granger for the idea and formulas
(preview example is using settlement of 2420 and IV of 11)
This script computes a Future Pivot Point in one of the following timeframes: Daily, Weekly, Monthly, Quarterly, or Yearly.
A standard pivot point is computed as PP = (High+Low+Close)/3 in the previous timeframe. If the current month is October and we want to find the October monthly pivot point, we find the high, low and close for the previous month and compute...
This takes the high, low and close from day prior OR Allows the user to set a high, low and close then plots the fibonacci pivot points for the current days trading.
Recommended to use intraday (I use 5 min chart).
Custom script I fabricated which I use for Binary Trading on the 1m & 3m charts together with Price action & Time management but the principles are the same for all mediums. Use Price action buy/sell in the clear zones. Use the outer 'pink' horizontal lines (highs / lows / pivots points) to place SL's.
I personally run an additional BB 50/2 for clearer BB higher...
This uses everget's implementation of the Sharp Modified Moving Average to plot pivot points.
It can also show you when to exit your long or short positions if you toggle the option.
Check out everget's scripts at www.tradingview.com
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.
Swing HIGH on an UP candle: bright...