QuantPivote

We are introducing the ST_QuantPivots Indicator, an advanced analytical tool meticulously crafted for ThinkOrSwim, which is now poised to debut on TradingView with Pine Script conversion.

Weekly Periods Analyzed :

• The number of total periods loaded and analyzed is on the chart.
  

Touch > H1 :

• Pivot level average price exceeded or was equal to, but did not close above.
  

Close > H1 :

• How often has the price closed above the H1 pivot level.
  

Touch > H2 :

• Pivot level one standard deviation above H1.
  

• The price exceeded or was equal to, but did not close above.
  

Close > H2 :

• How many times has the price closed above the H2 pivot level .
  

Touch > L1 :

• Pivot level average price exceeded or was equal to, but did not close below.
  

Close > L1 :

• How many times has the price closed below the L1 pivot level.
  

Touch > L2 :

• Pivot level one standard deviation below L1.
  

• The price exceeded or was equal to, but did not closed below.
  

Close > L2 :

• How many times has the price closed below the L2 pivot level.
  

Total Closes Inside H1 / L1 :

• Total number of times with in the periods analyzed that there were closes within H1 / L1 .
  

Total Closes Inside H2 / L2 :

• Total number of times with in the periods analyzed that there were closes within H2 / L2 respectively.
  

Pivots :
Pivot lines are a function of the analysis and averaging period inputs.

• H1 represents the average point which the highest price is achieved for the selected time period (analysis period).

• L1 represents the average point which the lowest price is achieved for the selected time period (analysis period).

• H2/L2 = One standard deviation away from the inner high H1 or low L1 bands.
  Pivot lines are a function of the analysis and averaging period inputs.

• H1 represents the average point which the highest price is achieved for the selected time period (analysis period).

• L1 represents the average point which the lowest price is achieved for the selected time period (analysis period).

• H2/L2 = One standard deviation away from the inner high H1 or low L1 bands.