Scribd Logo
Upload

Welcome to Scribd!

  • 145 views

    RAVI Pivot Points High Low Breakout

    Uploaded by

    dinesh lalwani
    The document describes a trading strategy that uses pivot points and breakouts to identify trading signals. It calculates high and low pivot points, identifies higher highs/lows and lower highs/lows, and can plot these levels and signals on a chart. It also includes options like showing price labels, channels, and breakout/breakdown signals. Additional indicators like volume analysis and moving averages are included to enhance the strategy.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    RAVI Pivot Points High Low Breakout

    Uploaded by

    dinesh lalwani
    145 views7 pages
    The document describes a trading strategy that uses pivot points and breakouts to identify trading signals. It calculates high and low pivot points, identifies higher highs/lows and lower highs/lows, and can plot these levels and signals on a chart. It also includes options like showing price labels, channels, and breakout/breakdown signals. Additional indicators like volume analysis and moving averages are included to enhance the strategy.

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document describes a trading strategy that uses pivot points and breakouts to identify trading signals. It calculates high and low pivot points, identifies higher highs/lows and lower highs/lows, and can plot these levels and signals on a chart. It also includes options like showing price labels, channels, and breakout/breakdown signals. Additional indicators like volume analysis and moving averages are included to enhance the strategy.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    145 views7 pages

    RAVI Pivot Points High Low Breakout

    Uploaded by

    dinesh lalwani
    The document describes a trading strategy that uses pivot points and breakouts to identify trading signals. It calculates high and low pivot points, identifies higher highs/lows and lower highs/lows, and can plot these levels and signals on a chart. It also includes options like showing price labels, channels, and breakout/breakdown signals. Additional indicators like volume analysis and moving averages are included to enhance the strategy.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 7
    At a glance
    Powered by AI
    The document describes a Pivot Points High Low Breakout indicator that identifies significant price levels based on pivot highs and lows. It determines patterns like higher highs and lower lows to identify potential breakouts.

    The Pivot High and Pivot Low indicators identify significant high and low prices based on a look back period. They are used to determine patterns in price action and potential support and resistance levels.

    Higher Highs are prices above the previous Pivot High. Lower Highs are prices below the previous Pivot High. Similarly, Higher Lows are above the previous Pivot Low and Lower Lows are below it. The indicators use logic to determine when each pattern occurs.

    //@version=4

    study(title="RAVI Pivot Points High Low Breakout ", shorttitle="PP Breakout", overlay=true,
    max_labels_count=500)

    //INPUTS

    gr1="Source / Length Left / Length Right"

    srcH = input(high, title="Pivot High", inline="Pivot High", group=gr1)

    leftLenH = input(title="", type=input.integer, defval=3, minval=1, inline="Pivot High",group=gr1)

    rightLenH = input(title="/", type=input.integer, defval=3, minval=1, inline="Pivot High",group=gr1)

    colorH = input(title="", defval=color.new(#0000FF,20), inline="Pivot High",group=gr1)

    srcL = input(low, title="Pivot Low ", inline="Pivot Low", group=gr1)

    leftLenL = input(title="", type=input.integer, defval=3, minval=1, inline="Pivot Low", group=gr1)

    rightLenL = input(title="/", type=input.integer, defval=3, minval=1, inline="Pivot Low",group=gr1)

    colorL = input(title="", defval=color.new(#FF00FF,20), inline="Pivot Low",group=gr1)

    gr2="Options"

    ShowHHLL = input(true, title="Show HH, LL, LH, HL markers on candles",group=gr2)

    ShowPrice = input(true, title="Show HH, LL, LH, HL price on candles",group=gr2)

    ShowSRLevels = input(true, title="Show S/R Level Extensions",group=gr2)

    maxLvlLen = input(0, minval=0, title="Maximum S/R Level Extension Length (0 = Max)",group=gr2)

    ShowChannel = input(false, title="Show Levels as a Fractal Chaos Channel",group=gr2)

    ShowFB = input(true, title="Show fractal Break out/down symbols",group=gr2)

    // Get High and Low Pivot Points

    ph = pivothigh(srcH, leftLenH, rightLenH)

    pl = pivotlow(srcL, leftLenL, rightLenL)

    // Higher Highs, Lower Highs, Higher Lows, Lower Lows

    valuewhen_1 = valuewhen(ph, srcH[rightLenH], 1)


    valuewhen_2 = valuewhen(ph, srcH[rightLenH], 0)

    higherhigh = na(ph) ? na : valuewhen_1 < valuewhen_2 ? ph : na

    valuewhen_3 = valuewhen(ph, srcH[rightLenH], 1)

    valuewhen_4 = valuewhen(ph, srcH[rightLenH], 0)

    lowerhigh = na(ph) ? na : valuewhen_3 > valuewhen_4 ? ph : na

    valuewhen_5 = valuewhen(pl, srcL[rightLenL], 1)

    valuewhen_6 = valuewhen(pl, srcL[rightLenL ], 0)

    higherlow = na(pl) ? na : valuewhen_5 < valuewhen_6 ? pl : na

    valuewhen_7 = valuewhen(pl, srcL[rightLenL], 1)

    valuewhen_8 = valuewhen(pl, srcL[rightLenL ], 0)

    lowerlow = na(pl) ? na : valuewhen_7 > valuewhen_8 ? pl : na

    drawLabel(_offset, _pivot, _style, _yloc, _color, _text) =>

    if not na(_pivot)

    label.new(bar_index[_offset], _pivot, text = _text+tostring(_pivot, format.mintick)+"]",


    style=_style, yloc=_yloc, color=_color, textcolor=_color)

    drawLabel(rightLenH, ShowPrice ? higherhigh : na, label.style_none, yloc.abovebar, colorH, "[")

    drawLabel(rightLenH, ShowPrice ? higherlow : na, label.style_none, yloc.belowbar, colorL, "[")

    drawLabel(rightLenH, ShowPrice ? lowerhigh : na, label.style_none, yloc.abovebar, colorH, "[")

    drawLabel(rightLenH, ShowPrice ? lowerlow : na, label.style_none, yloc.belowbar, colorL, "[")

    plotshape(ShowHHLL ? higherhigh : na, title='HH', style=shape.triangledown,


    location=location.abovebar, color=colorH, text="HH", textcolor=colorH, offset=-rightLenH)

    plotshape(ShowHHLL ? higherlow : na, title='HL', style=shape.triangleup, location=location.belowbar,


    color=colorL, text="HL", textcolor=colorL, offset=-rightLenH)

    plotshape(ShowHHLL ? lowerhigh : na, title='LH', style=shape.triangledown,


    location=location.abovebar, color=colorH, text="LH", textcolor=colorH, offset=-rightLenL)

    plotshape(ShowHHLL ? lowerlow : na, title='LL', style=shape.triangleup, location=location.belowbar,


    color=colorL, text="LL", textcolor=colorL, offset=-rightLenL)
    //Count How many candles for current Pivot Level, If new reset.

    countH = 0

    countL = 0

    countH := na(ph) ? nz(countH[1]) + 1 : 0

    countL := na(pl) ? nz(countL[1]) + 1 : 0

    pvtH = 0.0

    pvtL = 0.0

    pvtH := na(ph) ? pvtH[1] : srcH[rightLenH]

    pvtL := na(pl) ? pvtL[1] : srcL[rightLenL]

    HpC = pvtH != pvtH[1] ? na : colorH

    LpC = pvtL != pvtL[1] ? na : colorL

    // Show Levels if Selected

    plot(ShowSRLevels and not ShowChannel and (maxLvlLen == 0 or countH < maxLvlLen) ? pvtH : na,
    color=colorH, offset=-rightLenH , title="Top Levels
    HH,LH",style=plot.style_line,linewidth=2,transp=0)

    plot(ShowSRLevels and not ShowChannel and (maxLvlLen == 0 or countL < maxLvlLen) ? pvtL : na,
    color=colorL, offset=-rightLenL , title="Bottom Levels
    LL,HL",style=plot.style_line,linewidth=2,transp=0)

    // Show Levels as a Fractal Chaos Channel

    plot(ShowSRLevels and ShowChannel ? pvtH : na, color=colorH, style=plot.style_stepline, title="Top


    Chaos Channel",offset=-rightLenH)

    plot(ShowSRLevels and ShowChannel ? pvtL : na, color=colorL, style=plot.style_stepline,


    title="Bottom Chaos Channel", offset=-rightLenL)

    // // Add Optional Fractal Break Alerts

    buy = false

    sell = false

    buy := close>pvtH and open<=pvtH

    sell := close<pvtL and open>=pvtL


    plotshape(ShowFB and buy?1:na, title="Breakout Bar", text="B", style=shape.triangleup, location
    =location.belowbar, color=#004d40, textcolor=#004d40, size=size.small, transp=0)

    plotshape(ShowFB and sell?-1:na, title="Breakdown Bar",text="S",


    style=shape.triangledown,location=location.abovebar, color=#b71c1c, textcolor=#b71c1c,
    size=size.small, transp=0)

    // Alerts

    alertcondition(buy or sell,title="Fractal Break Arrow",message="Alert")

    alertcondition(buy,title="Fractal Break Long",message="Long")

    alertcondition(sell,title="Fractal Break Short",message="Short")

    //candle Volume

    length1 = input(20 , title="length")

    lowV = input(0.5, title="Low Volume")

    highV = input(2.0, title="High Volume")

    paintCandle = input(false,

    title="paint the candles entirely?",

    tooltip="to be visible you will have to right click on the candlesticks on the chart, go in visual order,
    and click send to bottom")

    avrg = sma(volume, length1)

    highVol = avrg * highV

    lowVol = avrg * lowV

    color_volume = if volume >= highVol and close > open

    color_volume = #004d40

    if volume >= lowVol and volume < highVol and close > open

    color_volume := #00FF00

    if volume < lowVol and close > open

    color_volume := #b2dfdb
    if volume >= highVol and close < open

    color_volume := #b71c1c

    if volume >= lowVol and volume < highVol and close < open

    color_volume := #FF00FF

    if volume < lowVol and close < open

    color_volume := #ef9a9a

    barcolor(color_volume, title="Bar Colors")

    o1 = paintCandle ? open : na

    h1 = paintCandle ? high : na

    l1 = paintCandle ? low : na

    c1 = paintCandle ? close : na

    //BB Blast

    src = close, len = input(9, minval=1, title="Length")

    up = rma(max(change(src), 0), len)

    down = rma(-min(change(src), 0), len)

    rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))

    wmaLength = input(21, title="WMA")

    emaLength = input(3, title="EMA")

    wma = wma(rsi, wmaLength)

    ema = ema(rsi, emaLength)

    source = input(close)

    MAType = input(title="Moving Average Type", defval="sma", options=["ema", "sma", "hma", "rma",


    "vwma", "wma"])

    Length = input(20, step=10)

    StdDev = input(2, step=0.5, minval=0.5)


    f_getMovingAverage(source, MAType, length)=>

    ma1 = sma(source, length)

    if(MAType == "ema")

    ma1 := ema(source,length)

    if(MAType == "hma")

    ma1 := hma(source,length)

    if(MAType == "rma")

    ma1 := rma(source,length)

    if(MAType == "vwma")

    ma1 := vwma(source,length)

    if(MAType == "wma")

    ma1 := wma(source,length)

    ma1

    f_getCustomBB(source,MAType,Length,StdDev)=>

    ma1 = f_getMovingAverage(source, MAType, Length)

    up1 = ma1 + stdev(source, Length)*StdDev

    down1 = ma1 - stdev(source, Length)*StdDev

    [ma1, up1, down1]

    [ma1, up1, down1] = f_getCustomBB(source,MAType,Length,StdDev)

    height=input(title="Arrow height",type=input.integer,defval=20)

    arrowPlot = (rsi>60 and source>up1 and ema>wma )? 1:(rsi<40 and ema<wma and
    down1>source )?-1:na

    plotarrow(series=arrowPlot, colordown=color.red, colorup=color.green,maxheight=height,transp=0)

    //bb

    //HigherTimeFrame = period == '1' ? '5' : (period == '3' ? '5' : (period == '5' ? '15' : (period == '15' ?
    '60' : (period == '30' ? '60' : (period == '45' ? '60' : (period == '60' ? '240' : (period == '120' ? '240' :
    (period == '180' ? '240' : (period == '240' ? 'D' : (period == 'D' ? 'W' : 'W'))))))))))

    HigherTimeFrame = input(title="Higher time frame", type= input.resolution, defval='60')


    smooth = input(true, title = "Smoothing")

    bblength = input(20, title="Length", minval=1)

    sdtspm = input(2.0, title="Mult", minval=1.0)

    basis = sma(close, bblength)

    dev = sdtspm * stdev(close, bblength)

    upper = basis + dev

    lower = basis - dev

    L1 = plot(upper, color = color.purple,title="BB Upper Band",transp=30)

    L2 = plot(lower, color = color.purple,title="BB Lower Band",transp=50)

    B1=plot(basis, color = color.purple,title="BB Mid Band",transp=30)

    fill(L1, B1, color = color.purple, transp=85)

    altmid = smooth ? sma(security(syminfo.tickerid, HigherTimeFrame, basis[1], lookahead = true), 8) :


    security(syminfo.tickerid, HigherTimeFrame, basis[1], lookahead = true)

    altupper = smooth ? sma(security(syminfo.tickerid, HigherTimeFrame, upper[1], lookahead = true),


    8) : security(syminfo.tickerid, HigherTimeFrame, upper[1], lookahead = true)

    altlower = smooth ? sma(security(syminfo.tickerid, HigherTimeFrame, lower[1], lookahead = true), 8)


    : security(syminfo.tickerid, HigherTimeFrame, lower[1], lookahead = true)

    B2=plot(altmid, color = color.blue, title="BB Alt Mid Band",linewidth=2,transp=0)

    LA1 = plot(altupper, color = color.blue, title="BB Alt Upper Band",linewidth=2,transp=0)

    LA2 = plot(altlower, color = color.blue, title="BB Alt Lower Band",linewidth=2,transp=0)

    fill(LA1,B2, color = color.lime, transp=95)

    You might also like