Hi Lonewolf
Can you please share afl of high Timeframe Pivot..I have checked every post of this thread & apply every afl which has shared, but HTF pivot is not showing..
so can you please share the latest afl you are using, so we both can be on same pages
thanks
Can you please share afl of high Timeframe Pivot..I have checked every post of this thread & apply every afl which has shared, but HTF pivot is not showing..
so can you please share the latest afl you are using, so we both can be on same pages
thanks
The square with dots represents the equivalent of higher timeframe pivots. I got this idea from Subhadip's pivot trading thread, where he sees minor and visual trend in one chart. There are many rules for pivot up-gradation. Though I do not trade mp-vp method, I liked the idea of visualizing higher timeframe's trend in my trading timeframe.
My trading style is to trade the trading timeframe's (5M) trend in the direction of higher timeframe (30M/60M) trend. So the small solid dots show the trading timeframe pivots and the square with dots represents the equivalent of higher timeframe's pivot. Equivalent because nothing will replace seeing the real price turning points in the higher timeframe it self. These are close to doing that task
My trading style is to trade the trading timeframe's (5M) trend in the direction of higher timeframe (30M/60M) trend. So the small solid dots show the trading timeframe pivots and the square with dots represents the equivalent of higher timeframe's pivot. Equivalent because nothing will replace seeing the real price turning points in the higher timeframe it self. These are close to doing that task
They are not really HTF pivots, They are equivalent to HTF Pivots. For minor pivots I use a 2 bar fractals on 5m chart, and the Square dots are also fractal pivots with some higher value which come close to plotting a HTF pivots. For eg - for a 5M chart, a 12 bar fractal will more likely show 30M fractals, and 24 bar fractal will show equivalents of 60M pivots. Sometimes they dont represent a true price swing from HTF, you might find that on a 30M there is no price swing (may be only a congestion), but on 5m chart it will plot few squares as a 12 bar fractal condition is satisfied. So its always good to cross check them with HTF, nothing will replace that.
now the tricks -
Just copy the fractal AFL to a new AFL, name it as HTF fractals.
Now open the AFL in editor and replace the first 3lines by this -
Code:
ShowHTFPivots = ParamToggle("Show HTF Fractal Pivots", "Yes|No", 1);
rightStrength=Param("Fractal Pivot Right side Strength",2,12,50,1);
leftStrength=Param("Fractal Pivot Left side Strength",2,12,50,1);
Code:
if(ShowHTFPivots)
{
PlotShapes(shapeHollowSmallSquare*tr,IIf(Lx-ValueWhen(tr,x)>=rightStrength*fact,colorRed,colorWhite),0,L,-8);
PlotShapes(shapeHollowSmallSquare*pk,IIf(Lx-ValueWhen(pk,x)>=rightStrength*fact,colorBlue,colorWhite),0,H,8);
}