INVITE-ONLY SCRIPT
Probability Pivot Points
Updated
Probability Pivot Points integrates a customizable Pivot Points indicator with conditional probabilities calculated from historical occurrences.
Features
Six different discretionarily Pivot Point Bias strategies utilizing Midpoint Pivot Points in bullish and bearish variants: Standard, Range, Continuation, Counter Trend, Expansion, and Extension.
Next Period's Pivot Points given the current period's OHLC data. Includes settings to use theoretical OHLC values to see what the next period's Pivot Points could look like.
Supports Traditional, Floor, Fibonacci, and Average True Range Pivot Point calculations.
Includes settings to customize the Fibonacci ratios and Average True Range calculations.
Automatically maximize or manually set the number of historical Pivot Points to draw.
Probability visualizations for the Pivot Points based on historical occurrences for the current and upcoming trading periods. The Probability Weighted Pivot (PWP) Point uses the probabilities calculated as weights against every displayed Pivot Point to show a mean of the data.
Load seasonal or non-seasonal historical data to calculate the odds of a High, Low, or Close occurring between any two Pivot Points.
Settings to manually set the weekly, monthly, and quarterly seasonal data loaded into the Pivot Probabilities feature. Automatic detection and loading of the current seasonal period's data is the default behavior. Includes a table that displays the data that's loaded.
Get probabilities for the currently selected Pivot Point Bias strategy.
Check the odds of High, Low, or Close occurrences at the strategy's marked Entry, Exit, or Stop Loss Pivot Points.
Seasonal Filters let you select specific years to sample probabilities from.
Customize pivot colors, width, label size, label color, Bias Entry and Exit Zone colors, Pivot Probability colors, and pick between the Point Five and M Legacy Midpoint label styles.
Auto Timeframe changes the Pivot Points higher timeframe based on the chart timeframe in use. Includes settings to customize what chart timeframes will display specific Pivot Point higher timeframes.
Q: Is this an update to your older Pivot Probabilities indicator?
Pivot Probabilities was designed to require a separately applied Pivot Points indicator to be interpreted and used properly. Probability Pivot Points is designed with an included set of Pivot Pivots that can interact with the probability calculations, which helps make improvements to new calculations and visualizations that Pivot Probabilities was never originally designed to do. Features from Pivot Probabilities are being completely redesigned, reimplemented, and expanded upon as a component in this larger Probability Pivot Points indicator. Anyone with access to the old Pivot Probabilities will also get access to Probability Pivot Points and are considered part of the same package.
Features
Six different discretionarily Pivot Point Bias strategies utilizing Midpoint Pivot Points in bullish and bearish variants: Standard, Range, Continuation, Counter Trend, Expansion, and Extension.
Next Period's Pivot Points given the current period's OHLC data. Includes settings to use theoretical OHLC values to see what the next period's Pivot Points could look like.
Supports Traditional, Floor, Fibonacci, and Average True Range Pivot Point calculations.
Includes settings to customize the Fibonacci ratios and Average True Range calculations.
Automatically maximize or manually set the number of historical Pivot Points to draw.
Probability visualizations for the Pivot Points based on historical occurrences for the current and upcoming trading periods. The Probability Weighted Pivot (PWP) Point uses the probabilities calculated as weights against every displayed Pivot Point to show a mean of the data.
Load seasonal or non-seasonal historical data to calculate the odds of a High, Low, or Close occurring between any two Pivot Points.
Settings to manually set the weekly, monthly, and quarterly seasonal data loaded into the Pivot Probabilities feature. Automatic detection and loading of the current seasonal period's data is the default behavior. Includes a table that displays the data that's loaded.
Get probabilities for the currently selected Pivot Point Bias strategy.
Check the odds of High, Low, or Close occurrences at the strategy's marked Entry, Exit, or Stop Loss Pivot Points.
Seasonal Filters let you select specific years to sample probabilities from.
Customize pivot colors, width, label size, label color, Bias Entry and Exit Zone colors, Pivot Probability colors, and pick between the Point Five and M Legacy Midpoint label styles.
Auto Timeframe changes the Pivot Points higher timeframe based on the chart timeframe in use. Includes settings to customize what chart timeframes will display specific Pivot Point higher timeframes.
Q: Is this an update to your older Pivot Probabilities indicator?
Pivot Probabilities was designed to require a separately applied Pivot Points indicator to be interpreted and used properly. Probability Pivot Points is designed with an included set of Pivot Pivots that can interact with the probability calculations, which helps make improvements to new calculations and visualizations that Pivot Probabilities was never originally designed to do. Features from Pivot Probabilities are being completely redesigned, reimplemented, and expanded upon as a component in this larger Probability Pivot Points indicator. Anyone with access to the old Pivot Probabilities will also get access to Probability Pivot Points and are considered part of the same package.
Release Notes
Version 1.1.0This update adds a Strategy Dashboard, a Custom Pivot Bias option, and quarterly Pivot Probabilities.
Here is a breakdown of everything in the new Strategy Dashboard to help summarize descriptive statistics for each Pivot Bias strategy.
Includes new style settings to customize the color, font, location, and size of the dashboard. You can toggle what strategies and summary statistics to display here as well.
Under the Pivot Bias dropdown setting, you can now select "Custom" and create your own Pivot Bias. Select specific Pivot Points to display and set your own entry and exit locations.
Quarterly probabilities are now available. Switch to a weekly timeframe to automatically pull up a quarterly timeframe, or manually set the indicator to use a 3M timeframe.
Release Notes
Update for the indicator's chart preview!Release Notes
Version 1.1.1- 🆕 New Custom Bias Entry and Exit Zone inputs let you select the upper and lower pivots of the zone independently.
- 🔄 Moved the Probabilities Data Source input closer to the top of the Inputs tab.
Release Notes
Version 1.2.0- 🆕 Add Camarilla Pivot Point calculations.
- 🆕 Add Woodie Pivot Point calculations.
Release Notes
Version 1.2.1- 🐛 Fix an error that prevented the indicator from being applied to new chart layouts.
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 joebaus for more information, or follow the author's instructions below.
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Author's instructions
″Start a free trial or purchase the indicator from my Whop store at: https://whop.com/bausbenchmarks/
Message me directly on TradingView if you have any questions.
Want to use this script on a chart?
Warning: please read before requesting access.
Joe Baus, bausbenchmarks.com
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.