KJS-- Gost Pivot MA

Jan 16

KJS Ghost Pivot Moving Average
This indicator calculates a "Ghost Pivot" by estimating where the monthly pivot level would be if the current candle's close represented the end of the month. The calculation uses:
• The current month's high and low from regular trading hours (RTH).
• The current candle's close, which includes both premarket and after-hours data.
It also smooths the ghost pivot using a customizable simple moving average (SMA).
Features:
• Plots the current month's high (blue) and low (yellow) based on RTH data.
• Calculates and plots a dynamic pivot (purple line) as the average of the monthly high, low, and current close (HLC3).
• Includes a customizable SMA length for smoother pivot tracking (default: 3).
This indicator helps traders anticipate potential monthly pivot levels in real-time while visualizing key support and resistance areas.

Jan 30

Release Notes

KJS Ghost Pivot Moving Average

This indicator calculates a “Ghost Pivot" by estimating where the monthly pivot level would be if the current candle’s close represented the end of the month. The calculation uses:

The current month's high and low from regular trading hours (RTH).

The current candle's close, which includes both premarket and after-hours data.
It also smooths the ghost pivot using a customizable simple moving average (SMA).

Features:

Plots the current month's high (blue) and low (yellow) based on RTH data.

Calculates and plots a dynamic pivot (purple line) as the average of the monthly high, low, and current close (HLC3).

Includes a customizable SMA length for smoother pivot tracking (default: 3).

This indicator helps traders anticipate potential monthly pivot levels in real-time while visualizing key support and resistance areas.