Famous Filtered Pivots Indicator -Many TimeFrames Available
CM_Pivot Points_M-W-D-4H-1H_Filtered
***Special Thanks to TheLark...AKA...The Coding Genius For Providing His Expertise...
***New Feature - Ability to turn On/Off Pivot Moving Average ***New Feature - Ability to turn On/Off Filtered Pivots (Explained Below)
Available Timeframes (Change In Inputs Tab): 1 Hour 4 Hour Daily Weekly Monthly Yearly
***All Features Available in Inputs Tab
-Ability to Plot just 1, or all Pivot Timeframes -Defaults to Monthly Pivots -Ability to turn On/Off Pivot Moving Average -Ability to turn On/Off Filtered Pivots -Ability to Plot S3 and R3 on 1 Hour and 4 Hour Pivots
***FILTERED PIVOTS!!!
-THIS IS A WAY TO FIND THE HIGHEST PROBABILITY MOVES -IF CURRENT PIVOT IS GREATER THAN PREVIOUS PIVOT (INCLUDING MARKET THRESHOLD CALCULATION) THEN PIVOT, S1, & R2 PLOT -IF CURRENT PIVOT IS LESS THAN PREVIOUS PIVOT (INCLUDING MARKET THRESHOLD CALCULATION) THEN PIVOT, S2, & R1 PLOT -***THIS IS A WAY TO FILTER OUT PIVOTS AND ONLY PLOT THE LEVELS THAT ARE EXPECTED TO BE MAJOR SUPPORT AND RESISTANCE
***VIDEO COMING SOON WHERE i WILL GO OVER IN DETAIL THE THOUGHT PROCESS AND METHODOLOGY
hi chris, I am really glad your amazing indicator. I have a short question and I hope, you will have a time to answer it.
I use camarilla pivots and I noticed that pivots are not stay on constant value in real time market, their end points change up to current candle. How can I keep them on constant value. let me give u an example of my part of formula
This script uses version 1 of Pine Script's engine, therefore lookahead is always on and there (previously was) no way to turn it off.
Using [1] for pulling data fixes any problems that having lookahead_on would create. Using [1] and lookahead_on is actually ideal for pivot visualization.
hola amigo, ¿como puedo aplicarlo este indicador? me gustaria usarlo .
swordmaker
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Hi Chris, I find this filtered pivots very useful. Thanks alot..
I was wondering if there is a way to hide/turn off historical pivots like the option in built-in pivot indicator..
aries1998
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yeah , i think too many historical pivots makes the chart a little bit hard to read.
ChrisMoody
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Agree. At the time I coded this I specifically asked and the capability wasn't there. It may be now...I'll have to check.
I use camarilla pivots and I noticed that pivots are not stay on constant value in real time market, their end points change up to current candle. How can I keep them on constant value. let me give u an example of my part of formula
s3 = WeekClose - (WeekHigh - WeekLow) * 1.1 / 4
BUY = security(tickerid, Pivots_Time_Frame, s3)
Rule = low <= BUY
plotshape(Rule, style=shape.triangleup, color=green, location=location.belowbar, text='BUY')
Best