INVITE-ONLY SCRIPT

QuantPivote

By pineaflAlgo
We are introducing the ST_QuantPivots Indicator, an advanced analytical tool meticulously crafted for ThinkOrSwim, which is now poised to debut on TradingView with Pine Script conversion.

Weekly Periods Analyzed :
  • The number of total periods loaded and analyzed is on the chart.

Touch > H1 :
  • Pivot level average price exceeded or was equal to, but did not close above.

Close > H1 :
  • How often has the price closed above the H1 pivot level.

Touch > H2 :
  • Pivot level one standard deviation above H1.

  • The price exceeded or was equal to, but did not close above.

Close > H2 :
  • How many times has the price closed above the H2 pivot level .

Touch > L1 :
  • Pivot level average price exceeded or was equal to, but did not close below.

Close > L1 :
  • How many times has the price closed below the L1 pivot level.

Touch > L2 :
  • Pivot level one standard deviation below L1.

  • The price exceeded or was equal to, but did not closed below.

Close > L2 :
  • How many times has the price closed below the L2 pivot level.

Total Closes Inside H1 / L1 :
  • Total number of times with in the periods analyzed that there were closes within H1 / L1 .

Total Closes Inside H2 / L2 :
  • Total number of times with in the periods analyzed that there were closes within H2 / L2 respectively.


Pivots :
Pivot lines are a function of the analysis and averaging period inputs.
  • H1 represents the average point which the highest price is achieved for the selected time period (analysis period).

  • L1 represents the average point which the lowest price is achieved for the selected time period (analysis period).

  • H2/L2 = One standard deviation away from the inner high H1 or low L1 bands.
    Pivot lines are a function of the analysis and averaging period inputs.

  • H1 represents the average point which the highest price is achieved for the selected time period (analysis period).

  • L1 represents the average point which the lowest price is achieved for the selected time period (analysis period).

  • H2/L2 = One standard deviation away from the inner high H1 or low L1 bands.

snapshot
Pivot PointsPivot points and levels
pineaflAlgo
PineaflAlgo

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 pineaflAlgo 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.

Author's instructions

This is a paid indicator. Please contact the author for a week's trial access on Trading View chat or Message on telegram with the Tradingview username https://t.me/pineafl for new feature requests reach out to pramod@pineafl.com

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Warning: please read before requesting access.

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