Luke Trade
11.2K posts



Advanced Structure Pivot indicator The Advanced Structure Pivot indicator is an improved version of the Structure Pivot (LL-HL / HH-LH) indicator previously published on TradingView. This indicator was originally built for my own use, so it may not suit everyone. If you don't use the 21 EMA Low, I'd recommend sticking with the original version. x.com/oratnek_ill/st… Key improvements: When an LL-HL structure completes, the indicator draws the 1st Pivot at the Fibonacci 0.618 level between the HL and the 2nd Pivot (the highest point between LL and HL). It also plots target points (TP1 and TP2) at Fibonacci extensions of 1.764 and 2.618 by default. All Fibonacci levels are selectable, and each target can be hidden independently. Next to each TP value, the deviation rate from the 1st Pivot, 2nd Pivot, and the average of the two is displayed. A 3-Phase Stop dynamically adjusts the stop loss based on price progression: Phase 1 (initial): Stop trails the 21 EMA Low. Phase 2 (triggered when high reaches 2nd Pivot): Stop locks at the 1st Pivot. Phase 3 (triggered when high reaches TP1): Stop trails the higher of the 1st Pivot or the 21 EMA Low. Touch-based alerts are available for seven events: 1st Pivot Break, 2nd Pivot Break, TP1 Hit, TP2 Hit, Stop Hit, Lower Low Break, and Counter Trend Break. Alerts fire the moment price wicks through a level (use "Any alert() function call" in the TradingView alert dialog). It also supports Pine Screener, making it easy to spot stocks that have just broken a pivot level, and Relative Strength (RS) can be displayed as a Screener column. I'll do a final check today, and if everything looks good, I'll publish it tomorrow.




The Structure Pivot indicator v2 is almost ready for release. I just need to check that the alert feature works properly, and if everything looks good, I'll publish it. This indicator was built for my own use, so for example, stops are set at the 21EMA Low or 1st Pivot, and it only supports long positions. Because of that, I won't be updating the version already published on TV. Instead, I plan to publish the code on a separate site.



@TaPlot Your volume pocket pivots is the best indicator I ever had






@oratnek_ill when you enter new position, eg, ARM did you do the 5m or 30m orb the morning of NY open?













