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Pivots is something that I use in my trading every single day. I made this a while ago and shared it on FF. It shows pivots for any time frame that you like. You can have up to 7 pivots. Display is flexible as well. You can move around the lines so that it doesn’t interfere with the other analysis/indicators you might have on. Just don’t forget to make sure that your chart is shifted (click on “Chart shift” button)
Attached is the indicator and also screenshots with instructions. Let me know if you have any questions about anything
Focus, Patience, Determination & Order in chaos
I was mixing few indicators to get that result. i can have in one now. You are really Saver as your name.
Thanks a lot Saver0. I put Murray Math indicator on TF D1. The lines its draw is near your magenta line, but yours is better.
Glad you guys like it.. you can turn off like H4 if you aren’t trading in smaller timeframes
Focus, Patience, Determination & Order in chaos
This is how well these pivot points work
What’s important is to read the behavior near key levels.
Focus, Patience, Determination & Order in chaos
This is how well these pivot points work
What’s important is to read the behavior near key levels.
Hi saver0
great job,thanks very much for your share
I see the pics,I want to ask what ATR indicator do you use? I want to ask what is ATR Next? its a ATR Prediction?
if you can upload this indicator.Best wish.
I see the pics,I want to ask what ATR indicator do you use? I want to ask what is ATR Next? its a ATR Prediction?
Sorry for the delay. Here it is!
It shows the current spread, current ATR, average ATR for the current bar for the previous X number of days, and then the average ATR for the next bar for the previous X number of days.
Also it will turn the spread into Red color when its above the average. Just acts as a warning and helps me get an idea of movement that I can expect based on time.If anybody wants to take this idea a bit further, what would be interesting is to get the average ATR for each hour of each day of the week for the past X number of weeks and then show the current ATR for today. This should give an idea of the momentum of the bulls/bears. For example, if today ends up being a bull day, was today’s movement about the same as the average or was it below or above. If its below, then that could indicate that the bulls are slowing down. If it’s above, then that the bulls are strong. Just an idea
Using the market forces to measure the force of each.Focus, Patience, Determination & Order in chaos
Attached is the indicator and also screenshots with instructions.
Very nice work. Thanks for sharing!
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
It has a little bug on self updating on Sunday I think.. So the levels on Sunday might not be accurate.. Sunday wasn’t so important for me since I don’t trade Sundays so I haven’t spent the time to figure it out and fix it. I might later if you guys find it a problem. Just a heads up
Focus, Patience, Determination & Order in chaos
Thanks Saver0. I’m instering this nice indicator to my broad-picture-setup.
Nothing has ever motivated me more than this...
Thanks Saver0. I’m instering this nice indicator to my broad-picture-setup.
Cool!
Please do not use pivots as high probability exists by any means. My latest research about pivots proved that the probability of any two levels being hit is about 50%. But can be powerful in determining exits based on good trading entry trigger.
Focus, Patience, Determination & Order in chaos
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