Total Pivot Commander - Indicator

Dear all,

I have created this thread to talk about several indicators that I developed over the past years to assist me in my trading. I will use this thread to make calls based on these indicators, but before I can do so I should introduce them. Some of the concepts of the indicators are not new, some are, so I will be using several posts to explain the different components of this set of indicators. The main idea behind this set of indicators is to get an indication of the strongest support and resistance areas on the chart, WITHOUT cluttering the whole screen up with lines.

Screen real-estate is an important factor in our business, because the more tickers you put on 1 screen, the less you see price. The more indicators you drop on your ticker, the less you see price. Since I program these indicators myself, for myself, I always strive for keeping my screens as clean as possible.

I thought this might interest others, and hence this thread.

I will start with two screenshots of the main indicator I use, it is called Total Pivot Commander, that's because of the blue colored panes. It has the option to show different kinds of pivot calculations as you will see later on (Standard, Floor, Fibonacci, De Mark, Woodies, Camarilla, Free Range). Obviously you can switch on or off any calculation and any time frame you like. It has a Free Range option to calculate pivots of any range of time and price you want, be it a ZigZag, a time period not inside MetaTrader, or a future indication of pivots at a Close of your choosing. The difference in the two screenshots is only the time frame, obviously these indicators work on any time frame, just the scaling will be slightly different.

The red panes on the right are something that is often missed in trading. Most of you have probably used Fibonacci Retracements, but rarely does one keep retracements of all previous ZigZags on the timeframe. The red panes on the right display the 1.618 and 2.618 retrace levels of ALL ZigZags of the particular timeframe of the pane. These levels are very strong support and resistance, and mostly overlooked by traders. I will use future posts to this thread to visually explain this concept again in more detail.

For now, thank you for visiting this thread, I wish you many green pips in trading!

Here is a screenshot of the settings menu for the Total Pivot Commander. (The blue panes)
The settings that you see correspond to the previously posted screenshots of the indicator.

As stated before, this set of indicators allows you to see the strongest support and resistance levels on your ticker while at the same time keeping screen real-estate available. By doing so, you can use additional indicators to give you a sense of Bull or Bear weakness at these levels to potentially open orders. Here two screenshots, one with a De Mark Sequence, the other with a Gartley pattern.

To understand the red panes better, I will visually overlay one with the actual lines that it is made up of. I have also overlayed a standard ZigZag so that you can see from which Zigs and Zags the retracements were taken.

To keep things flexible I have decided to make each ZigZag retracement pane as a separate instance, if you want a certain timeframe to appear just drop an additional instance of the indicator on the screen and modify the settings to your liking. The parameter BarShift allows you to place the pane there where it suits you best, the header is free-text, you decide yourself how you name it. The timeframe follows the MetaTrader conventions.

Technical drawbacks. As any indicator in MetaTrader, the Total Pivot Commander ALSO needs ticks to update. If there are NO ticks coming in, like for example during the weekend, the screen will not update automatically if you move through history. I cannot do anything about this technically, it is just the way MetaTrader works. I found that during the weekends it is best to sometimes switch timeframe to allow the indicator to reset itself in a proper position.

So that concludes a quick introduction to the Total Pivot Commander. I have my own personal way of using these indicators and I will continue this thread with posts on trade setups that I see and take myself. I hope you will find inspiration in this thread. Thank you again for visiting.

A sample of a trade I am attempting. I might get out earlier at around 2815 if I see weakness.

Stop to BE, and forget about the order emotionally.

As much as I said I won't be posting in FF anymore,
I can't not say something to Johannes here

Best wishes from me; I definitely look up big time to Johannes; I've traded side-by-side with him, conversing and analyzing markets together for almost one and a half years as of today.

Some of his methods might spark off as unconventional; but he's doing it full-time; there's not much to say against that...


I just thought "I wish you all the best" officially here (even if I've done so already lol) would be necessary on my end!

I had the privilege to have an interview with him (low sound quality; apologies) on my blog
as well as a showcase of one his more esoteric charts here


Best wishes (again!) to Johannes and this venture!


Buma

Oh thanks Buena! That's really heart-warming, very much appreciated!

May you be blessed with many green pips!

Stopped at BE

I'm excited to see this! I'm pretty sparse these days but I'm watching you... :nerd:

Hey JR, thanks for dropping by.
I wanted to post some more trades this week, but then a lot of things got in the way. But, i haven't forgotten about this thread of course, i'm going to add some pictures soon of the astro stuff i also do.

Do you use progressions?

Dear Trautsel, I mainly use transits, so the answer is no.

Attempting a short on EURJPY based on the breakout and retest of the yearly and monthly levels

stop to BE and it's a free ride from now on

stopped at BE, contemplating whether to re-enter

Trying it again