Pocket Pivots indicator

Pocket Pivots indicator

Pocket pivots based on Chris Kacher / Gil Morales.

Highest volume of last ten days, higher than any down day.

Stronger the trend the bettter.

Shows accumilation / re accumilation on up days / waves.

I change it to Histogram to get the nice blue bars.

Credit to who wrote this, I was given it over Twitter,

Cheers,

Dale.

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No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. @Dazzle101 • 06/11/2017 #

    Sorry,
    Line 139 should say;
    RETURN ind1 COLOURED(0, 0, 200) AS “Pocket Pivot”
    When posted it would come up ” Pivot Pocket ” unless changed.
    Thanks
    🙂

  2. @Dazzle101 • 06/11/2017 #

    Update Code

    More accurate signals

    // ———————————-

    // The Pocket Pivot Indicator

    //

    // ver 0.1

    // 0.2 – using the max volume of a down day in the past 10 days

    //

    // ———————————-

    // Basic criteria

    minPrice = 0.0001

    minVol = 1000

    daysToConfirmUpTrend =9

    // Only scan leading stocks above minimal price and 40 day moving average of Volume is above 500000]

    cVol1 = (Close >= minPrice AND Average[50](Volume) >= minVol)

    // Trend is up and Today is an up day

    cPrc1 = (Close >= Average[daysToConfirmUpTrend](Close) AND Close >= Close[1] )

    // Today’s volume should be larger than the volume of the highest down day over the last 10 days

    maxDay = 9

    maxDownDay = 0

    maxDown = 0

    FOR d = 1 TO maxDay DO

    r = Close[d] > Open[d]

    IF r =maxDown THEN

    maxDown = Volume[d]

    maxDownDay = d

    ENDIF

    NEXT

    IF maxDownDay = 0 THEN

    maxDownDayVol = 0

    ELSE

    maxDownDayVol = Volume[maxDownDay]

    ENDIF

    cVol2 = (Volume > maxDownDayVol)

    // draw indicator

    ind1 = (cPrc1 AND cVol1 AND cVol2 )

    RETURN ind1 COLOURED(0, 0, 200) AS “Pocket Pivot Mod 9 Day “

  3. TheN00b • 06/11/2017 #

    Hi, is there Crypto Version, forex version? thank you

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