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TradingView Golden Pivots Script

This document defines a study that plots various pivot points and candlestick patterns on a chart. It calculates daily, weekly and monthly floor and camarilla pivot points as well as tomorrow's pivot points. It also plots the highs and lows of the previous month, week and day for context. Several common candlestick patterns like Doji, bullish/bearish engulfing, hammer and shooting star are identified and plotted.

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0% found this document useful (0 votes)
697 views3 pages

TradingView Golden Pivots Script

This document defines a study that plots various pivot points and candlestick patterns on a chart. It calculates daily, weekly and monthly floor and camarilla pivot points as well as tomorrow's pivot points. It also plots the highs and lows of the previous month, week and day for context. Several common candlestick patterns like Doji, bullish/bearish engulfing, hammer and shooting star are identified and plotted.

Uploaded by

prashantbobde
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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//@version=3

study(title="The Golden Pivots", shorttitle="TGP", overlay=true)


pivottimeframe = input(title = "Pivot Resolution", defval="D",
options=["D","W","M"])
dp = input(true, title="Show Floor Pivots")
cp = input(true, title="Show Camarilla Pivots")
hl = input(true, title="Show M, W, D Highs/Lows")
tp = input(false, title="Show Tomorrow Pivots")

//dp in the prefix implies daily pivot calculation


dpopen = security(tickerid, pivottimeframe, open[1], barmerge.gaps_off,
barmerge.lookahead_on)
dphigh = security(tickerid, pivottimeframe, high[1], barmerge.gaps_off,
barmerge.lookahead_on)
dplow = security(tickerid, pivottimeframe, low[1], barmerge.gaps_off,
barmerge.lookahead_on)
dpclose = security(tickerid, pivottimeframe, close[1], barmerge.gaps_off,
barmerge.lookahead_on)
dprange = dphigh - dplow

//Expanded Floor Pivots Formula


pivot = (dphigh + dplow + dpclose ) / 3.0
bc = (dphigh + dplow ) / 2.0
tc = (pivot - bc) + pivot
r1 = (pivot * 2) - dplow
r2 = pivot + (dphigh - dplow)
r3 = r1 + (dphigh - dplow)
r4 = r3 + (r2 - r1)
s1 = (pivot * 2) - dphigh
s2 = pivot - (dphigh - dplow)
s3 = s1 - (dphigh - dplow)
s4 = s3 - (s1 - s2)

//Expanded Camarilla Pivots Formula


h1=dpclose + dprange*(1.1/12)
h2=dpclose + dprange*(1.1/6)
h3=dpclose + dprange*(1.1/4)
h4=dpclose + dprange*(1.1/2)
h5=(dphigh/dplow)*dpclose
l1=dpclose - dprange*(1.1/12)
l2=dpclose - dprange*(1.1/6)
l3=dpclose - dprange*(1.1/4)
l4=dpclose - dprange*(1.1/2)
l5=dpclose - (h5-dpclose)

//Tomorrow's Pivot Calculation

tpopen = security(tickerid, pivottimeframe, open, barmerge.gaps_off,


barmerge.lookahead_on)
tphigh = security(tickerid, pivottimeframe, high, barmerge.gaps_off,
barmerge.lookahead_on)
tplow = security(tickerid, pivottimeframe, low, barmerge.gaps_off,
barmerge.lookahead_on)
tpclose = security(tickerid, pivottimeframe, close, barmerge.gaps_off,
barmerge.lookahead_on)
tprange = tphigh - tplow

tppivot = (tphigh + tplow + tpclose ) / 3.0


tpbc = (tphigh + tplow ) / 2.0
tptc = (tppivot - tpbc) + tppivot
tpr1 = (tppivot * 2) - tplow
tps1 = (tppivot * 2) - tphigh
tph3 = tpclose + tprange*(1.1/4)
tpl3 = tpclose - tprange*(1.1/4)

//m,w,d in the prefix implies monthly, weekly and daily


mhigh = security(tickerid, "M", high[1], lookahead=barmerge.lookahead_on)
mlow = security(tickerid, "M", low[1], lookahead=barmerge.lookahead_on)
whigh = security(tickerid, "W", high[1], lookahead=barmerge.lookahead_on)
wlow = security(tickerid, "W", low[1], lookahead=barmerge.lookahead_on)
dhigh = security(tickerid, "D", high[1], lookahead=barmerge.lookahead_on)
dlow = security(tickerid, "D", low[1], lookahead=barmerge.lookahead_on)
//dclose = security(tickerid, "D", close[1], lookahead=barmerge.lookahead_on)

//Plotting
plot(dp and pivot ? pivot : na, title="Pivot",color= #FF007F, style=cross,
transp=0)
plot(dp and bc ? bc : na, title="BC",color= blue, style=cross, transp=0)
plot(dp and tc ? tc : na, title="TC",color= blue, style=cross, transp=0)
plot(dp and r1 ? r1 : na, title="R1",color= green, style=cross, transp=0)
plot(dp and r2 ? r2 : na, title="R2",color= green, style=cross, transp=0)
plot(dp and r3 ? r3 : na, title="R3",color= green, style=cross, transp=0)
plot(dp and r4 ? r4 : na, title="R4",color= green, style=cross, transp=0)
plot(dp and s1 ? s1 : na, title="S1",color= red, style=cross, transp=0)
plot(dp and s2 ? s2 : na, title="S2",color= red, style=cross, transp=0)
plot(dp and s3 ? s3 : na, title="S3",color= red, style=cross, transp=0)
plot(dp and s4 ? s4 : na, title="S4",color= red, style=cross, transp=0)
plot(cp and h5 ? h5 : na, title="H5",color= h5 != h5[1] ? na : black, transp=0)
plot(cp and h4 ? h4 : na, title="H4",color= h4 != h4[1] ? na : black, transp=0)
plot(cp and h3 ? h3 : na, title="H3",color= h3 != h3[1] ? na : black, transp=0)
plot(cp and h2 ? h2 : na, title="H2",color= h2 != h2[1] ? na : black, transp=0)
plot(cp and h1 ? h1 : na, title="H1",color= h1 != h1[1] ? na : black, transp=0)
plot(cp and l1 ? l1 : na, title="L1",color= l1 != l1[1] ? na : black, transp=0)
plot(cp and l2 ? l2 : na, title="L2",color= l2 != l2[1] ? na : black, transp=0)
plot(cp and l3 ? l3 : na, title="L3",color= l3 != l3[1] ? na : black, transp=0)
plot(cp and l4 ? l4 : na, title="L4",color= l4 != l4[1] ? na : black, transp=0)
plot(cp and l5 ? l5 : na, title="L5",color= l5 != l5[1] ? na : black, transp=0)

plot((isintraday or isdaily or isweekly) and hl ? mhigh : na, title="Monthly


High",style=circles, color=#FF7F00, transp=0)
plot((isintraday or isdaily or isweekly) and hl ? mlow : na, title="Monthly
Low",style=circles, color=#FF7F00, transp=0)
plot((isintraday or isdaily) and hl ? whigh : na, title="Weekly
High",style=circles, color=#FF7F00, transp=0)
plot((isintraday or isdaily) and hl ? wlow : na, title="Weekly
Low",style=circles,color=#FF7F00, transp=0)
plot(isintraday and hl ? dhigh : na, title="Daily High",style=circles,
color=#FF7F00, transp=0)
plot(isintraday and hl ? dlow : na, title="Daily Low",style=circles, color=#FF7F00,
transp=0)
//plot(isintraday and hl ? dclose : na, title="Daily Close",style=circles,
color=#FF7F00, transp=0)

plot(tp and tppivot ? tppivot : na, title="Pivot",color= blue, style=cross,


transp=0)
plot(tp and tpbc ? tpbc : na, title="BC",color= blue, style=cross, transp=0)
plot(tp and tptc ? tptc : na, title="TC",color= blue, style=cross, transp=0)
plot(tp and tpr1 ? tpr1 : na, title="R1",color= green, style=cross, transp=0)
plot(tp and tps1 ? tps1 : na, title="S1",color= red, style=cross, transp=0)
plot(tp and tph3 ? tph3 : na, title="H3",color= tph3 != tph3[1] ? na : black,
transp=0)
plot(tp and tpl3 ? tpl3 : na, title="L3",color= tpl3 != tpl3[1] ? na : black,
transp=0)

plot(isintraday and tp ? tphigh : na, title="High",style=circles, color=#FF7F00,


transp=0)
plot(isintraday and tp ? tplow : na, title="Low",style=circles, color=#FF7F00,
transp=0)

//Candle Stick Patterns

DJ1= abs(open - close) < (high - low) * 0.1 and high-low > atr(14)
plotshape(DJ1, title="Doji", location=location.abovebar, color=blue,
style=shape.xcross)

OR1 = (open[1] > close[1] and open < close and (low[1] > low) and close > high[1]
and (high-low) > atr(14)*1.25) // or close[1] > open
plotshape(OR1, title="Bullish Engulfing", style=shape.arrowup, color = green,
location=location.belowbar)

OR2 = (open[1] < close[1] and open > close and (high[1] < high) and close < low[1]
and (high-low) > atr(14)*1.25) // or close[1] < open
plotshape(OR2, title="Bearish Engulfing", style=shape.arrowdown, color = red)

WR1 = (low < low[1] and abs(low - min(open,close)) > abs(open-close) * 2 and
abs(high-close) < (high - low) * 0.35 and high-low > atr(14))
plotshape(WR1, title="Hammer", location=location.belowbar, color=green,
style=shape.arrowup)

WR2 = (high > high[1] and high - max(open,close) > abs(open-close) * 2 and
abs(close-low) < (high - low) * 0.35 and high-low > atr(14))
plotshape(WR2, title="Shooting Star", color=red, style=shape.arrowdown)

ER1 = (high[1]-low[1]) > atr(14)*2 and abs(open[1] - close[1]) > (high[1]-low[1]) *


0.5 and open[1] > close[1] and open < close //and abs(open[1] - close[1]) <
(high[1]-low[1]) * 0.85
plotshape(ER1, title="Bullish E.Reversal", location=location.belowbar, color=green,
style=shape.arrowup)// E denotes Extreme

ER2 = (high[1]-low[1]) > atr(14)*2 and abs(open[1] - close[1]) > (high[1]-low[1]) *


0.5 and open[1] < close[1] and open > close //and abs(open[1] - close[1]) <
(high[1]-low[1]) * 0.85
plotshape(ER2, title="Bearish E.Reversal", location=location.abovebar, color=red,
style=shape.arrowdown)

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