Pocket Pivot Breakout Indicator The pocket pivot breakout indicator will show a blue arrow under the candle if both the following conditions are met: 1. The percentage change of the candle on that day from open is greater than 3%. 2. The volume on the day of 3% candle is higher than the highest red volume in the past 10 days. The second condition is based on the...
Volume is probably the most overlooked indicator by new traders. The buying and selling activity of large funds and institutions is the main driver of stock prices, and recognizing this activity is crucial to identifying future price movements. This script has several elements not found in standard volume indicators: POCKET PIVOTS Pocket Pivots are the work...
Volume with color helps to quickly identify accumulation or distribution. An accumulation day is an up day with volume greater than a user selected average. A distribution day is a down day with volume greater than a user selected average. This indicator will highlight those days by changing the volume bar colors for an easy visual.
HISTORY AND CREDITS––––––––––––––––––––––––––––––––––––––––––––––––––––––– The credit for this goes to Gilmo - Gil Morales. Who I have learned the methodology from. If you are looking to understand more, just read his books where he covers many aspects of his IBD inspired trading. Hes a disciple of Bill Oneil. WHAT IT...
This brings together a number of variables to produce trend predictions that could be utilized as decision-making tools. Uses the aforementioned price and volume derivatives - A moving average and three weighted moving averages (WMA1, WMA2, WMA3) - Super Trend Line (ST) - Opening Range Breakout on Five Minutes, Resistance Bands Pocket pivots, support, and price...
This is a minimalistic indicator that, instead of introducing more bells & whistles, strips away the conventional volume indicator from a lot of “ noise ”, and displays only 3 type of volume bars prominently: Blue bars : Pocket Pivot Volumes (PPV), that is an up-day volume which is greater than the highest down-day volume of the last 10 down-days. Red bars :...
This script shows Pocket Pivots, up-days with higher volume than the last 9 down-days, directly on the chart below current and historic candles. Pocket pivots can be used to find early entry points within a base since it marks institutional buying. Pocket pivots are marked as black dots below the candle for easier identification. The script is largely based on...
The Pocket Pivot was originated by traders Gil Morales and Dr. Chris Kacher. A Pocket Pivot is a price and volume pattern that reveals an interest of institutional buyers. The indicator is best used when the stock is is a proper consolidation base and in a prior uptrend. The indicator shows up when the following conditions are is true. Current day's price has...
This volume indicator identifies up-day volume spikes that quality as pocket pivots. A pocket pivot volume is an up day volume that is greater than the highest down volume day of the last 10 down days (AKA 10 day pocket pivot). Pocket Pivots are the work of Gil Morales and Chris Kacher. www.wiley.com www.wiley.com My study checks volume only to see if they...
This simple indicator improves upon the built in volume indicator by adding the following: -Option to use an EMA instead of SMA -Advanced Coloring: Lighter bars show growing volume, darker bars show falling volume. Gray bars show very low relative volume (less than or equal to 50% of the moving average), while bars which have a highlighted background have a high...
Pockets Pivot were introduced by Gil Morales and Chris Katcher in the book "Trading like an O'Neil Disciple", Pocket Pivot day occurs when the Volume has been higher than any down day 10 days prior and with a positive close. Here is shown 5 days Pocket Pivots and 10 Days Pocket Pivots
Pocket Pivots are described in the book "Trade like an O'Neil Discipline" by Dr. Chris Kacher and Gil Morales. There’s no exact definition of Pocket Pivots, but there is an exact definition for the volume signature: The volume should be higher than the largest down volume of the last 10 trading days. This is a modification of Pocket Pivots. We use the level where...
The aim of this indicator is to indicate effective volume breakouts. Blue = Volume is at least 25% above the 20d moving average Purple = Volume is at least twice as much as the 20d moving average Red = Volume is at least three times the average My recommendation : Always watch for breakouts on large volume. That's a sign that big institutions are buying.