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Borjas Tarh Explosive Pivots

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Borjas Tarh Explosive Pivots

This indicator includes:

1. Historical Volatility Percentile (HVP) +SMA+EMA
Core Idea (balipour):

HVP Code Help (semiotic): tradingview.com/u/semiotic
For the Detailed Description read the Core (HVP) Idea indicator by "balipour" above.

2. Bollinger Bands Width (BBW)
It's an Oscillation of BBW So it's trapped between 0 to 100. (And Lightly Smoothed)

3. Volume Oscillator
The Volume is oscillated so it's trapped between 0 and -30. (And Lightly Smoothed)
Below 10 Means the Volume in the context of the Candle Volume is pretty low.

4. The Shapes
These Shapes are based of all factors above.

D (Blue) : HVPis pretty Low. An Explosive Move is Coming.
A (Yellow) : An Explosive Move is Building Up.
B (Orange) : An Explosive Move is Near.
C (Purple) : An Explosive Move Will Happen Very Soon.

There is an Alternative Set:
On = Annual HVP and Default BBW.
Off = Fibonacci HVP and BBW.

© mrhashem
© Borjas Tarh Company

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Settings Updated.

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Style Update.

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Added 2 types of Smoothing:

Options:
No Smoothing
Lite Smoothing
Heavy Smoothing

Source Update. Code Tweaks.

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Updated BBW Formula.
Updated Code Styling.

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Updated to v5 Pinescript.