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gbAvgHiLoPivot (Important Update Ver 1.1)
gbAvgHiLoPivot, Ver 1.1, TraderGB, June, 1 2021
Thanks to BobC for testing
[ Important Update Ver 1.1...see updates below ]
Description
:
This is an original indicator born out of curiosity and experimentation. It simply averages the pivot swing highs as one plot and does the same for the pivot swing lows. Once adjusted, the two plots should provide a solid reference to compare price action against. The swing size is adjustable and you get to choose how many of the most recent pivots you want to average. It’s a SMA of two of the most important data points of the price structure, the swing highs and swing lows.
Parameters
:
* Span: defines the swing size (default = 7). The smaller the number the smaller the swings and the larger the number the larger the swings.
* PivotsToAvg: the number of the most recent pivots to average (default = 5, range from 1 to 99).
Plots
:
* AvgPivotHi is the average of the last N swing pivot highs.
* AvgPivotLo is the average of the last N swing pivot lows.
* AvgPivotHiLo is the average of both the last N swing pivot highs and lows.
If trend shading is enabled, the following trend rules apply
:
* To change to an UP trend: 2 consecutive lows must print above the average swing high plot, AvgPivotHi.
* To change to an DOWN trend: 2 consecutive highs must print below the average swing low plot, AvgPivotLo.
Suggestion
:
* Set Span and PivotsToAvg to where the indicator hugs the price action in an up/down trend.
* Play around with the settings to discover the indicators benefits and limitations.
Included sound files for alerts (place in NT sound folder)
:
AvgHiLoSwingTrendUp.wav
AvgHiLoSwingTrendDown.wav
Updates
:
2021-06-01 (Ver 1.1): Corrected bug in script where array list disallowed duplicate pivot values for both pivot highs and lows. This would cause the average to be incorrect if there was say two or more pivot highs or lows with the same value within the number of PivotsToAvg.
2021-06-24: Up loaded missing WAV files (look within zip file for WAV files).
Category
NinjaTrader 8 Indicators and More
Details:
gbAvgHiLoPivot (Important Update Ver 1.1)
Category:
NinjaTrader 8 Indicators and More
May 24th, 2021
Size: 243.89 KB
Downloaded: 1220 times
2380
TraderGB
Comments/ratings
marticarrion
July 14th, 2021 12:57 PM
No Comment
romus
July 19th, 2021 10:53 PM
No Comment
romus
July 19th, 2021 10:55 PM
Great!
Thank you for your contnuous efforts!
dR5ERNCmCmUYmDcU
August 5th, 2021 08:11 PM
Very good indicator, I am on test now since today morning and made a good profit, will keep on testing for few weeks.
Can we test this indicator using an automated script from NT* ?
Thanks
DonL
August 30th, 2021 01:54 PM
No Comment
booneyall
October 27th, 2021 09:04 AM
No Comment
mahirali
March 8th, 2022 07:51 PM
No Comment
bobc635
May 13th, 2022 10:37 AM
Thx GB, great insight....
bobc635
May 13th, 2022 10:37 AM
No Comment
peter1
June 20th, 2023 01:04 PM
Very Interesting idea!
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All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.