INVITE-ONLY SCRIPT
AP_NthPivot
Created by: Andrew Palladino
Date: 1/16/2017
This indicator will display ONLY unhit pivots preceded by additional consecutive unhit pivots.
A pivot is defined as unhit when price travels above or below it without ever crossing the pivot level. A pivot is hit only when prices crosses that level at any given time after the pivot is formed.
The trader can change the following settings:
Pivot Time Frame can be set to: 15, 60, 240, D, W, M or Y
Minimum number of consecutive unhit pivots to display: Default set to 1.
GBPAUD Example:
In the example above there are two AP_NthPivot indicators overlayed.
The blue pivot corresponds to the most recent unhit daily pivot preceded by a second unhit pivot. The red pivot corresponds to the most recent unhit weekly pivot preceded by a second unhit pivot.
The minimum number of consecutive unhit pivots to display, for both cases, is set to 2.
Unhit pivots can become high probability targets, especially when the count is set to 2 or more.
Date: 1/16/2017
This indicator will display ONLY unhit pivots preceded by additional consecutive unhit pivots.
A pivot is defined as unhit when price travels above or below it without ever crossing the pivot level. A pivot is hit only when prices crosses that level at any given time after the pivot is formed.
The trader can change the following settings:
Pivot Time Frame can be set to: 15, 60, 240, D, W, M or Y
Minimum number of consecutive unhit pivots to display: Default set to 1.
GBPAUD Example:
In the example above there are two AP_NthPivot indicators overlayed.
The blue pivot corresponds to the most recent unhit daily pivot preceded by a second unhit pivot. The red pivot corresponds to the most recent unhit weekly pivot preceded by a second unhit pivot.
The minimum number of consecutive unhit pivots to display, for both cases, is set to 2.
Unhit pivots can become high probability targets, especially when the count is set to 2 or more.
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact LiquidityTracker for more information, or follow the author's instructions below.
Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Want to use this script on a chart?
Warning: please read before requesting access.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.