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ed16888

Pivots Alerts on Radar Screen

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I daytrade and I use 144 tick chart on the radar screen, I was just wondering if there is such a alert that I can set up in the radar screen that monitors stocks' pivots and gives you alerts like AAPL broke R1 or like AAPL reversing from R1, things like that.

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It sounds like you are using floor pivots but there are others such as Camarilla and DeMark. I do use Radarscreen with pivots but it is for use with Forex. I don't have specific alerts for when price breaks a pivot level but I do have colour changes on the background when price gets close to a pivot level. For me I have daily, weekly and monthly time frames using Floor, Camarilla and DeMark Pivots. I look for a confluence of pivots and then use price action to take a trade.

 

Here is a screenshot of my RS set up.

 

 

Paul

rs.jpg.550fe1cc77629a84424eca71ad68441d.jpg

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I daytrade and I use 144 tick chart on the radar screen, I was just wondering if there is such a alert that I can set up in the radar screen that monitors stocks' pivots and gives you alerts like AAPL broke R1 or like AAPL reversing from R1, things like that.

 

 

I am sure it has been done already, tho I haven't seen it...

 

if you can write the spec... and make a screen mock up (with notes), I am sure something can be arranged.

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Hey Paul, I do use floor pivots on the radar screen, however I don't see anywhere I can adjust the backgound colors when the price gets close, what indicator are you using? do you mind sharing it with me, thanks in advance..

 

Ed.

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The background colours are a line of code when price approaches the pivot point. I wrote the indicator myself but it is specific to how I use them. I will take another look at it and see what changes may be needed to make it easier for others to use. I only use R1, PP and S1 for floor pivots and I know others use R2 and S2 as well.

 

 

Paul

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here is a screenshot of my radar screen, is there a way to add alerts to my pivots when the price cross or near. I also attached the floor trader eld that I use, can anyone help?below is the pivots indicator that I use, any programmer out there can assists?

 

{

Applies to daily, intra-day, and tick bar charts only.

 

Plots lines at floor trader pivot levels, based on the following formulae:

 

Resistance Level 3 = R3 = R2 + YestHigh - YestLow

Resistance Level 2 = R2 = PP + YestHigh - YestLow

Resistance Level 1 = R1 = PP * 2 - YestLow

PivotPoint = PP = ( YestHigh + YestLow + YestClose ) / 3

Support Level 1 = S1 = PP * 2 - YestHigh

Support Level 2 = S2 = PP - YestHigh + YestLow

Support Level 3 = S3 = S2 - YestHigh + YestLow

 

Input specifies whether R3 and S3 are plotted in addition to the 5 lines at PP, S1,

S2, R1, and R2.

}

 

inputs:

Plot_5or7( 5 ) ; { if 7, adds plots for S3 and R3 to other 5 lines }

 

variables:

S1( 0 ),

S2( 0 ),

S3( 0 ),

R1( 0 ),

R2( 0 ),

R3( 0 ),

PP( 0 ),

TodaysHigh( 0 ),

YestHigh( 0 ),

TodaysLow( 0 ),

YestLow( 0 ),

TodaysClose( 0 ),

YestClose( 0 ),

Counter( 0 ) ;

 

if Date <> Date[1] then

begin

{ increment Counter to be sure enough data is processed - see comment below }

Counter = Counter + 1 ;

YestHigh = TodaysHigh ;

YestLow = TodaysLow ;

YestClose = Close[1] ;

TodaysHigh = High ;

TodaysLow = Low ;

PP = ( YestHigh + YestLow + YestClose ) / 3 ;

R1 = PP * 2 - YestLow ;

R2 = PP + YestHigh - YestLow ;

R3 = R2 + YestHigh - YestLow ;

S1 = PP * 2 - YestHigh ;

S2 = PP - YestHigh + YestLow ;

S3 = S2 - YestHigh + YestLow ;

end

else

begin

if High > TodaysHigh then

TodaysHigh = High ;

if Low < TodaysLow then

TodaysLow = Low ;

end ;

 

if Counter >= 2 and BarType < 3 then { if at least one full day's data has been

processed and chart bar interval is daily, intra-day, or tick bar then plot }

begin

if Plot_5or7 = 7 then

Plot1( R3, "R3" ) ;

Plot2( R2, "R2" ) ;

Plot3( R1, "R1" ) ;

Plot4( PP, "PP" ) ;

Plot5( S1, "S1" ) ;

Plot6( S2, "S2" ) ;

if Plot_5or7 = 7 then

Plot7( S3, "S3" ) ;

end ;

rs.thumb.JPG.31c24168b3b3a396bee0d2dff6ddcf25.JPG

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is there a way to add alerts to my pivots when the price cross or near.

 

Hi Ed

 

To do Alerts on a break of a pivot you would need to add these two lines to each pivot :

 

If Close crosses above PP then Alert( Getsymbolname +" crossed above PP");

If Close crosses below PP then Alert( Getsymbolname +" crossed below PP");

 

As for price getting near a pivot... well you would have to define "near" in terms of ticks then create a threshold around each pivot.... for example

 

Inputs:

Threshold (5);

 

Vars:

mintick(0),PPuppthresh(0),PPlwrthresh(0);

 

Mintick = minmove/pricescale;

 

PPuppthresh = PP + (Threshold*mintick);

PPlwrthresh = PP - (Threshold*mintick);

 

Then you would insert the two alert lines like shown above but change the setting to the threshold...

 

If Close crosses above PPlwrthresh then Alert( Getsymbolname +" just under PP");

If Close crosses below PPuppthresh then Alert( Getsymbolname +" just above PP");

 

.... and again, repeat for every pivot.

 

 

This should get you on your way.

 

Hope this helps

 

Blu-Ray

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Depending if you run your code intrabar or on closed tick of bar, you may need to use a slightly different code.

 

If intrabar then use code in my last post or if used on closed tick of a bar use something like this :

 

 

Condition1 = Close crosses above PP;

 

If Condition1 then Alert( Getsymbolname +" crossed above PP");

 

Condition2 = Close crosses below PP;

 

If Condition2 then Alert( Getsymbolname +" crossed below PP");

 

Condition3 = Close crosses above PPlwrthresh;

 

If Condition3 and Condition1 = false then Alert( Getsymbolname +" just under PP");

 

Condition4 = Close crosses below PPuppthresh;

 

If Condition4 and Condition2 = false then Alert( Getsymbolname +" just above PP");

 

 

This would eliminate getting alerts of " just under PP" and "crossed above PP" on the same bar.

 

Hope this helps

 

Blu-Ray

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Blu Ray , thanks for the quick reply, I really appreciate your hard work, I ran my code intrabar, I added the code you discribe, the alert on the cross is fine, but the near does not seems to be working, 5 ticks above and below should be fine, here is what I did, can you see where the errors at, thanks again...

 

{

Applies to daily, intra-day, and tick bar charts only.

 

Plots lines at floor trader pivot levels, based on the following formulae:

 

Resistance Level 3 = R3 = R2 + YestHigh - YestLow

Resistance Level 2 = R2 = PP + YestHigh - YestLow

Resistance Level 1 = R1 = PP * 2 - YestLow

PivotPoint = PP = ( YestHigh + YestLow + YestClose ) / 3

Support Level 1 = S1 = PP * 2 - YestHigh

Support Level 2 = S2 = PP - YestHigh + YestLow

Support Level 3 = S3 = S2 - YestHigh + YestLow

 

Input specifies whether R3 and S3 are plotted in addition to the 5 lines at PP, S1,

S2, R1, and R2.

}

 

inputs:

Plot_5or7( 5 ) ; { if 7, adds plots for S3 and R3 to other 5 lines }

Inputs:

Threshold (6);

 

 

 

 

variables:

S1( 0 ),

S2( 0 ),

S3( 0 ),

R1( 0 ),

R2( 0 ),

R3( 0 ),

PP( 0 ),

TodaysHigh( 0 ),

YestHigh( 0 ),

TodaysLow( 0 ),

YestLow( 0 ),

TodaysClose( 0 ),

YestClose( 0 ),

Counter( 0 ) ;

Vars:

mintick(0),PPuppthresh(0) ,PPlwrthresh(0) ,R1uppthresh(0) ,R1lwrthresh(0) ,R2uppthresh(0) ,R2lwrthresh(0) ,S1uppthresh(0) ,S1lwrthresh(0) ,S2uppthresh(0) ,S2lwrthresh(0);

 

 

 

 

if Date <> Date[1] then

begin

{ increment Counter to be sure enough data is processed - see comment below }

Counter = Counter + 1 ;

YestHigh = TodaysHigh ;

YestLow = TodaysLow ;

YestClose = Close[1] ;

TodaysHigh = High ;

TodaysLow = Low ;

PP = ( YestHigh + YestLow + YestClose ) / 3 ;

R1 = PP * 2 - YestLow ;

R2 = PP + YestHigh - YestLow ;

R3 = R2 + YestHigh - YestLow ;

S1 = PP * 2 - YestHigh ;

S2 = PP - YestHigh + YestLow ;

S3 = S2 - YestHigh + YestLow ;

end

else

begin

if High > TodaysHigh then

TodaysHigh = High ;

if Low < TodaysLow then

TodaysLow = Low ;

end ;

 

if Counter >= 2 and BarType < 3 then { if at least one full day's data has been

processed and chart bar interval is daily, intra-day, or tick bar then plot }

begin

if Plot_5or7 = 7 then

Plot1( R3, "R3" ) ;

Plot2( R2, "R2" ) ;

Plot3( R1, "R1" ) ;

Plot4( PP, "PP" ) ;

Plot5( S1, "S1" ) ;

Plot6( S2, "S2" ) ;

if Plot_5or7 = 7 then

Plot7( S3, "S3" ) ;

 

Mintick = minmove/pricescale;

 

PPuppthresh = PP + (Threshold*mintick);

PPlwrthresh = PP - (Threshold*mintick);

R1uppthresh = R1 + (Threshold*mintick);

R1lwrthresh = R1 - (Threshold*mintick);

R2uppthresh = R2 + (Threshold*mintick);

R2lwrthresh = R2 - (Threshold*mintick);

S1uppthresh = S1 + (Threshold*mintick);

S1lwrthresh = S1 - (Threshold*mintick);

S2uppthresh = S2 + (Threshold*mintick);

S2lwrthresh = S2 - (Threshold*mintick);

 

 

If Close crosses above PP then Alert( Getsymbolname +" crossed above PP");

If Close crosses below PP then Alert( Getsymbolname +" crossed below PP");

If Close crosses above R1 then Alert( Getsymbolname +" crossed above R1");

If Close crosses below R1 then Alert( Getsymbolname +" crossed below R1");

If Close crosses above R2 then Alert( Getsymbolname +" crossed above R2");

If Close crosses below R2 then Alert( Getsymbolname +" crossed below R2");

If Close crosses above S1 then Alert( Getsymbolname +" crossed above S1");

If Close crosses below S1 then Alert( Getsymbolname +" crossed below S1");

If Close crosses above S2 then Alert( Getsymbolname +" crossed above S2");

If Close crosses below S2 then Alert( Getsymbolname +" crossed below S2");

If Close crosses above PPlwrthresh then Alert( Getsymbolname +" just under PP");

If Close crosses below PPuppthresh then Alert( Getsymbolname +" just above PP");

If Close crosses above R1lwrthresh then Alert( Getsymbolname +" just under R1");

If Close crosses below R1uppthresh then Alert( Getsymbolname +" just above R1");

If Close crosses above R2lwrthresh then Alert( Getsymbolname +" just under R2");

If Close crosses below R2uppthresh then Alert( Getsymbolname +" just above R2");

If Close crosses above S1lwrthresh then Alert( Getsymbolname +" just under S1");

If Close crosses below S1uppthresh then Alert( Getsymbolname +" just above S1");

If Close crosses above S2lwrthresh then Alert( Getsymbolname +" just under S2");

If Close crosses below S2uppthresh then Alert( Getsymbolname +" just above S2");

 

End ;

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ed16888,

 

Blu Ray has a much better understanding of your coding needs than I do as I am not that experienced in it. Also you are using a later version of TS than I am which would also makes it more difficult for coding your needs

 

Good Luck.

 

 

Paul

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Blu Ray , thanks for the quick reply, I really appreciate your hard work, I ran my code intrabar, I added the code you discribe, the alert on the cross is fine, but the near does not seems to be working, 5 ticks above and below should be fine, here is what I did, can you see where the errors at, thanks again...

 

Inputs:

Threshold (6);

 

Ed

 

I've tested it and it works fine for me, the only thing I can think of is that you've set your inputs to 6 ticks away instead of 5.

 

Cheers

 

Blu-Ray

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here is a screenshot of my radar screen, is there a way to add alerts to my pivots when the price cross or near. I also attached the floor trader eld that I use, can anyone help?below is the pivots indicator that I use, any programmer out there can assists?

 

{

Applies to daily, intra-day, and tick bar charts only.

 

Plots lines at floor trader pivot levels, based on the following formulae:

 

Resistance Level 3 = R3 = R2 + YestHigh - YestLow

Resistance Level 2 = R2 = PP + YestHigh - YestLow

Resistance Level 1 = R1 = PP * 2 - YestLow

PivotPoint = PP = ( YestHigh + YestLow + YestClose ) / 3

Support Level 1 = S1 = PP * 2 - YestHigh

Support Level 2 = S2 = PP - YestHigh + YestLow

Support Level 3 = S3 = S2 - YestHigh + YestLow

 

Input specifies whether R3 and S3 are plotted in addition to the 5 lines at PP, S1,

S2, R1, and R2.

}

 

inputs:

Plot_5or7( 5 ) ; { if 7, adds plots for S3 and R3 to other 5 lines }

 

variables:

S1( 0 ),

S2( 0 ),

S3( 0 ),

R1( 0 ),

R2( 0 ),

R3( 0 ),

PP( 0 ),

TodaysHigh( 0 ),

YestHigh( 0 ),

TodaysLow( 0 ),

YestLow( 0 ),

TodaysClose( 0 ),

YestClose( 0 ),

Counter( 0 ) ;

 

if Date <> Date[1] then

begin

{ increment Counter to be sure enough data is processed - see comment below }

Counter = Counter + 1 ;

YestHigh = TodaysHigh ;

YestLow = TodaysLow ;

YestClose = Close[1] ;

TodaysHigh = High ;

TodaysLow = Low ;

PP = ( YestHigh + YestLow + YestClose ) / 3 ;

R1 = PP * 2 - YestLow ;

R2 = PP + YestHigh - YestLow ;

R3 = R2 + YestHigh - YestLow ;

S1 = PP * 2 - YestHigh ;

S2 = PP - YestHigh + YestLow ;

S3 = S2 - YestHigh + YestLow ;

end

else

begin

if High > TodaysHigh then

TodaysHigh = High ;

if Low < TodaysLow then

TodaysLow = Low ;

end ;

 

if Counter >= 2 and BarType < 3 then { if at least one full day's data has been

processed and chart bar interval is daily, intra-day, or tick bar then plot }

begin

if Plot_5or7 = 7 then

Plot1( R3, "R3" ) ;

Plot2( R2, "R2" ) ;

Plot3( R1, "R1" ) ;

Plot4( PP, "PP" ) ;

Plot5( S1, "S1" ) ;

Plot6( S2, "S2" ) ;

if Plot_5or7 = 7 then

Plot7( S3, "S3" ) ;

end ;

How did you get the Squeeze on the Radar ?

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    • Date: 18th April 2024. Market News – Stock markets benefit from Dollar correction. Economic Indicators & Central Banks:   Technical buying, bargain hunting, and risk aversion helped Treasuries rally and unwind recent losses. Yields dropped from the recent 2024 highs. Asian stock markets strengthened, as the US Dollar corrected in the wake of comments from Japan’s currency chief Masato Kanda, who said G7 countries continue to stress that excessive swings and disorderly moves in the foreign exchange market were harmful for economies. US Stockpiles expanded to 10-month high. The data overshadowed the impact of geopolitical tensions in the Middle East as traders await Israel’s response to Iran’s unprecedented recent attack. President Joe Biden called for higher tariffs on imports of Chinese steel and aluminum.   Financial Markets Performance:   The USDIndex stumbled, falling to 105.66 at the end of the day from the intraday high of 106.48. It lost ground against most of its G10 peers. There wasn’t much on the calendar to provide new direction. USDJPY lows retesting the 154 bottom! NOT an intervention yet. BoJ/MoF USDJPY intervention happens when there is more than 100+ pip move in seconds, not 50 pips. USOIL slumped by 3% near $82, as US crude inventories rose by 2.7 million barrels last week, hitting the highest level since last June, while gauges of fuel demand declined. Gold strengthened as the dollar weakened and bullion is trading at $2378.44 per ounce. Market Trends:   Wall Street closed in the red after opening with small corrective gains. The NASDAQ underperformed, slumping -1.15%, with the S&P500 -0.58% lower, while the Dow lost -0.12. The Nikkei closed 0.2% higher, the Hang Seng gained more than 1. European and US futures are finding buyers. A gauge of global chip stocks and AI bellwether Nvidia Corp. have both fallen into a technical correction. The TMSC reported its first profit rise in a year, after strong AI demand revived growth at the world’s biggest contract chipmaker. The main chipmaker to Apple Inc. and Nvidia Corp. recorded a 9% rise in net income, beating estimates. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date: 17th April 2024. Market News – Appetite for risk-taking remains weak. Economic Indicators & Central Banks:   Stocks, Treasury yields and US Dollar stay firmed. Fed Chair Powell added to the recent sell off. His slightly more hawkish tone further priced out chances for any imminent action and the timing of a cut was pushed out further. He suggested if higher inflation does persist, the Fed will hold rates steady “for as long as needed.” Implied Fed Fund: There remains no real chance for a move on May 1 and at their intraday highs the June implied funds rate future showed only 5 bps, while July reflected only 10 bps. And a full 25 bps was not priced in until November, with 38 bps in cuts seen for 2024. US & EU Economies Diverging: Lagarde says ECB is moving toward rate cuts – if there are no major shocks. UK March CPI inflation falls less than expected. Output price inflation has started to nudge higher, despite another decline in input prices. Together with yesterday’s higher than expected wage numbers, the data will add to the arguments of the hawks at the BoE, which remain very reluctant to contemplate rate cuts. Canada CPI rose 0.6% in March, double the 0.3% February increase BUT core eased. The doors are still open for a possible cut at the next BoC meeting on June 5. IMF revised up its global growth forecast for 2024 with inflation easing, in its new World Economic Outlook. This is consistent with a global soft landing, according to the report. Financial Markets Performance:   USDJPY also inched up to 154.67 on expectations the BoJ will remain accommodative and as the market challenges a perceived 155 red line for MoF intervention. USOIL prices slipped -0.15% to $84.20 per barrel. Gold rose 0.24% to $2389.11 per ounce, a new record closing high as geopolitical risks overshadowed the impacts of rising rates and the stronger dollar. Market Trends:   Wall Street waffled either side of unchanged on the day amid dimming rate cut potential, rising yields, and earnings. The major indexes closed mixed with the Dow up 0.17%, while the S&P500 and NASDAQ lost -0.21% and -0.12%, respectively. Asian stock markets mostly corrected again, with Japanese bourses underperforming and the Nikkei down -1.3%. Mainland China bourses were a notable exception and the CSI 300 rallied 1.4%, but the MSCI Asia Pacific index came close to erasing the gains for this year. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.vvvvvvv
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