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Last Activity 7/6/2025 3:47 AM 3 replies, 158 viewings |
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beech pilot![]() Member ![]() Posts: 37 Joined: 11/1/2018 Location: Visalia ![]() |
hello is there a way to have horizontal lines at 20 pct 40 pct and 80pct from the open on a real time chart at the start of pre mkt 4a.m est with a label will send a pic thanks ![]() | ||
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Frank Birch![]() Veteran ![]() ![]() ![]() Posts: 174 Joined: 3/25/2006 Location: UK ![]() |
Hi to all! Let me walk you through my Percent Pivot Zones indicator - it's like having a GPS for your trades, except this one actually knows where it's going! 😄 What Does It Do? Instead of using those old-school floor trader pivots with their complicated math (seriously, who has time for all that H+L+C/3 nonsense?), this indicator uses simple percentage levels. Think of it as creating a ladder of support and resistance levels based on how far price typically moves in percentage terms. How It Works The indicator takes the previous period's closing price as the "home base" and then creates levels above and below it: Minute charts: Uses yesterday's close as the pivot Daily charts: Uses last month's close as the pivot Other timeframes: Just keeps rolling with the current levels Around each level, we create a "zone" with two colored lines: Green line = Opportunity zone (buy at support, breakout at resistance) Red line = Danger zone (sell at support breakdown, reversal at resistance) Black line = The actual pivot level (the meat in our sandwich!) The Parameters Explained Show_Current_Only (0 or 1) 1 = Only shows today's levels (keeps your chart clean) 0 = Shows historical levels too (for you chart archaeology enthusiasts) Show_Level (-5 to 5) 0 = Show everything (the full monty!) 1 to 5 = Show only that resistance level (R1, R2, etc.) -1 to -5 = Show only that support level (S1, S2, etc.) R1-R5_Percent (0.10% to 5.00%) Default: 0.5%, 1%, 1.5%, 2%, 2.5% These set how far above the pivot each resistance level sits Think of them as "floors" in a building where bears live S1-S5_Percent (0.10% to 5.00%) Default: 0.5%, 1%, 1.5%, 2%, 2.5% These set how far below the pivot each support level sits The "basement levels" where bulls hang out Zone_Buffer_Percent (0.05% to 0.50%) Default: 0.10% This creates the colored zones around each level Bigger buffer = wider zones = more forgiveness on your entries! Show_Zones (0 or 1) 1 = Show the colored zones (recommended - they're the secret sauce!) 0 = Just the black pivot lines (for the minimalists) Show_Labels (0 or 1) 1 = Show price values on the right 0 = No labels (when you want that clean chart look) Where to Use This Beast Perfect for: Futures traders: Those E-mini levels hit like clockwork! Forex: Major pairs respect percentage levels beautifully Stocks: Especially those liquid large-caps that move in predictable ranges Crypto: When it's not going completely bonkers, percentage levels work great Trading the Zones: At Support: Price enters green zone + bounce = BUY | Break below red = SHORT At Resistance: Price enters red zone + reversal = SHORT | Break above green = BUY Pro Tips: Start with the default 0.5% for R1/S1 - it's surprisingly accurate In trending markets, focus on breakouts (green line breaks) In ranging markets, focus on reversals (zone bounces) Increase zone buffer in volatile markets (gives you breathing room) Use Show_Level to focus on just one or two key levels when starting out Remember, these aren't magic lines - they're probability zones. The market doesn't care about our pretty colored lines, but it DOES tend to respect percentage-based levels because that's how many traders think: "I'm up/down X%, time to take action!" Happy trading, and may your trades always find the right zone! Frank Birch www.systemstraders.com P.S. If you see price ping-ponging between zones like a pinball machine, that's your cue to grab a coffee and wait for clearer action! ☕compile in omnilangauge and enjoy! ![]() | ||
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Frank Birch![]() Veteran ![]() ![]() ![]() Posts: 174 Joined: 3/25/2006 Location: UK ![]() |
Hi to all, And if you want the basic PercentPivots!The Percent Pivots indicator transforms traditional floor trader pivots into a modern percentage-based system that's perfect for today's markets. Instead of using complex calculations with highs, lows, and closes, it simply takes the previous period's closing price and creates support and resistance levels at fixed percentage distances - for example, R1 at +0.5%, R2 at +1.0%, S1 at -0.5%, S2 at -1.0%, and so on. Each level is fully customizable with its own percentage parameter, allowing you to adapt the indicator to any market's volatility - tighten them up for slow-moving blue chips or widen them out for crypto madness. The indicator automatically recalculates these levels at the start of each new period (daily for minute charts, monthly for daily charts), giving you fresh reference points that align with how modern traders think in percentage terms rather than absolute price points. With the Show_Current_Only option, you can keep your charts clean by displaying only the active period's levels, making it easy to spot when price approaches these key percentage-based inflection points where reversals or breakouts are most likely to occur. Regards Frank Birch ![]() | ||
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Frank Birch![]() Veteran ![]() ![]() ![]() Posts: 174 Joined: 3/25/2006 Location: UK ![]() |
Hi to all, if your interested in pivots you will like this one as well i made so much money using this FibonacciPivots idea when i was day trading the eminis! Enjoy!! **Fibonacci Pivots: Where Mathematics Meets Market Psychology** *By Frank Birch / www.systemstraders.com* You could draw a line anywhere on your chart and yes, eventually price will touch it. That's not trading - that's wishful thinking. The magic happens when you place your lines where probability tilts in your favor, where the natural rhythm of the markets aligns with mathematical precision. That's exactly what Fibonacci Pivots deliver. Unlike traditional pivots that rely on arbitrary calculations of yesterday's high, low, and close, Fibonacci Pivots tap into something deeper - the golden ratios that govern everything from seashells to galaxies, and yes, even market movements. These aren't just random numbers; they're the mathematical DNA of natural expansion and contraction. When I developed this indicator, I wanted to capture the market's natural breathing pattern. Markets don't move in straight lines - they expand and contract in predictable waves. By applying Fibonacci ratios to recent price ranges, we create a roadmap of where price is likely to pause, reverse, or accelerate. Each level becomes a decision point where the market reveals its true intentions. The beauty lies in the zones. While amateurs see support and resistance as thin lines, professionals know they're zones of conflict where bulls and bears battle for control. Our green and red zones around each Fibonacci level show you exactly where to expect action. Green zones above resistance? That's your breakout territory. Red zones below support? That's where reversals are born. It's like having x-ray vision into market structure. But here's where it gets really interesting - the zones themselves are telling you what kind of day to expect. When the Fibonacci levels squeeze together in tight contraction, you're looking at a coiled spring. The market is holding its breath, building energy for an explosive move. These narrow zones are your early warning system for breakout days. The market can only compress for so long before it needs to expand violently in one direction. Conversely, when the zones are stretched wide apart, the market is screaming exhaustion. Like a runner after a sprint, it needs to catch its breath. Wide zones signal potential reversals, healthy pullbacks in trends, or mean reversion opportunities. The market has already made its move - now it's time for the elastic band to snap back. This creates a powerful two-dimensional edge. Not only do you know WHERE price is likely to react (at the Fibonacci levels), but the WIDTH of the zones tells you HOW it's likely to react: - **Narrow zones = Breakout mode** (trade the momentum) - **Wide zones = Reversal mode** (fade the extremes) What makes this particularly powerful for intraday trading is how these levels adapt to current volatility. In quiet markets, the levels huddle closer together, giving you precise entry and exit points. When volatility explodes, the levels expand accordingly, keeping you from getting stopped out by normal market noise. The market tells you exactly how much room it needs to breathe. The extreme levels - those 4.236 and 6.854 ratios - are your early warning system for market exhaustion. When price stretches to these outer boundaries, it's like a rubber band pulled to its limit. The snap-back potential is enormous. These aren't just numbers; they're probability zones where the risk/reward equation shifts dramatically in your favor. Here's the truth: markets are fractal. The same patterns that play out over months appear in miniature on your 5-minute chart. Fibonacci Pivots capture this fractal nature, giving you a consistent framework whether you're scalping the ES futures or position trading stocks. The mathematics remains constant; only the timeframe changes. You've essentially got a market breathing monitor - narrow breathing signals an explosion coming, heavy breathing indicates rest is needed. The Range_Lookback parameter lets you fine-tune how sensitive the indicator is to these volatility changes, adapting to different market personalities and timeframes. This isn't about predicting the future - it's about positioning yourself where probability and mathematics converge. When price approaches our Fibonacci zones, you're not guessing; you're aligning yourself with the natural order of market movement. You're trading with the market's DNA, not against it. Remember, every profitable trader needs an edge. Fibonacci Pivots give you multiple edges: mathematical precision, probability zones, visual clarity, volatility intelligence, and adaptability to market conditions. It's not magic - it's mathematics applied with intelligence and discipline. Trade with the ratios, respect the zones, read the breathing patterns, and let probability be your guide. *Frank Birch* *www.systemstraders.com* ![]() ![]() ![]() |
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