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LonesomeTheBlue
29 de Mar. de 2020 15:50

Expanded Floor Pivots 

Bitcoin / U.S. DollarGemini

Descripción

Hello Everyone,

The Expanded Floor Pivots is introduced in the book "Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market" by Franklin Ochoa. He added four new levels: S4, R4, BC and TC. There are many great ideas in the book, such using these levels, following trend, time price opportunity and much more. (Thanks to @tonyjab for pushing me to read this book)


The definition/formula of the levels defined in the book:

r1 = 2 * pivot - Low
r2 = pivot + (High - Low)
r3 = r1 + (High - Low)
r4 = r3 + (r2 - r1)

tc = (pivot - bc) + pivot
pivot = (High + Low + Close) / 3
bc = (High + Low) / 2

s1 = 2 * pivot - High
s2 = pivot - (High - Low)
s3 = s1 - (High - Low)
s4 = s3 - (s1 - s2)


The area between TC and BC is used as Pivot Channel, (blue area in the chart). you can see how it helps on identifying the trend.

Options:
By default the script decides Higher Time Frame but if you want you can set HTF as you wish.

You can choose line style as: Solid, Circles or Cross

and also you have option to show only last period or all historical levels.





Enjoy!


Notas de prensa

Changed HTF part.

Notas de prensa

minor update.

Notas de prensa

Improved
Arrays used
round_to_mintick() used
transp removed
label direction fixed
Comentarios
tonyjab
well done , like I said you are a true master THANK YOU , I have send you all the codes in the book I don`t know if you got them.but any way if you need any ideas from any books let me know I have a lot of trading books. I`M HAPPY TO SHARE WITH YOU.
LonesomeTheBlue
@tonyjab, Thank you mate
LonesomeTheBlue
@LonesomeTheBlue, I didn't get any code but the book is enough already ;)
tonyjab
@LonesomeTheBlue, you're welcome.
WallStSpecter
Amazing again bro, thank you so much. The green pivots their it can useful to support and red to ressistance?
LonesomeTheBlue
@WallStSpecter, yes green lines works as support, red ones resistance.
Abu3badi
you are awesome
LonesomeTheBlue
@Abu3badi, thank you!
jaggedsoft
You sir, are legendary :) Much appreciated
LonesomeTheBlue
@jaggedsoft, Enjoy :)
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