FAME SuperPivot
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Product Description
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This indicator just works on INTRADAY charts. It does NOT plot weekly, monthly, yearly… pivots.
FAME SuperPivot is a one-of-a-kind pivot version based on ninZa.co's special formulas. It was named after a senior developer of ninZa.co’s who is in charge of this indicator.
The pivot calculations are based on previous day's range and price action analysis. The pivot point (PP) is automatically re-arranged to smartly adapt to today's open. Therefore, FAME SuperPivot is immune to the common problem that most of pivot indicators suffer: big gap. If today's open makes a very big gap, other pivots may turn useless because they don't handle this or the handling is very limited. However, FAME SuperPivot has a special algorithm, making it adaptive to any gap size.
An amazing feature of FAME SuperPivot is inside bar & outside bar analysis (on daily charts). If an inside bar or outside bar is detected, special formulas are used to calculate pivot levels, correctly reflecting those special price action situations.
Another amazing feature is unlimited S/R levels. By default, there are only 4 pairs: S1/R1 through S4/R4. However, when the market expands beyond S4/R4, extended levels will automatically be generated to help you always have enough S/R, no matter how far the market booms or busts. They can be S10/R10, S20/R20, S50/R50... Unlimited!
Another (yes, another) amazing feature is offset adjustment. For your info, offset is the difference between PP and S1/R1. If today's offset is too large or too small compared to the previous day's offset, our special algorithm will automatically adjust today's offset down (if it's too large) or up (if it's too small) until it fits within the ratio threshold you define: between today's and previous day's offsets, there must not be any offset that is at least X times the other (default: X = 1.8). This smart algorithm helps stabilize the offset and therefore sweetly solves the problem that other pivot types face: today's S/R levels may be either too expanding or too collapsing, which causes difficulties for trading.
Middle zones are highlighted to remind you of a choppy region where the price action has not developed a clear trend. When the market breaks above/below the middle zone, a marker is printed and alerts are triggered to notify you of a possible upcoming trend (or a fake breakout).
Dedicated NinjaScript Signals
- Signal_State:
- 5 = above R4
- 4 = from R3 to R4
- 3 = from R2 to R3
- 2 = from R1 to R2
- 1 = from PP to R1
- -1 = from PP to S1
- -2 = from S1 to S2
- -3 = from S2 to S3
- -4 = from S3 to S4
- -5 = below S4
Compatibility
- Instruments: futures, stocks, indices
- Interval types: timebased or non-timebased, standard or custom
- Chart styles: whatever
Key Features
- Plot PP and S1/R1 through S4/R4
- Automatically re-arrange PP to adapt to today's open
- Detect inside bar & outside bar on daily charts and use special formulas for these price actions
- Stabilize the offset with automatic offset adjustment
- Draw unlimited extended levels to always cover market moves
- Draw previous day's critical levels: high, low, mid, close
- Colorize PP line to reflect if the market is bullish or bearish
- Shade the middle zone to highlight choppy price action
- Display how bullish/bearish the market is with an innovative ribbon
- Label each pivot lines (with an optional pivot name)
- Trigger alerts on middle zone breakout
- Print markers on middle zone breakout
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Usability
Ready to use out of the box
Fully configurable & customizable with ease
30 Days ninZa Exchange
If you are not satisfied with an indicator you’ve bought, you may request us to replace it with another indicator of the comparable price for you.
Software Changelog
Nov 04, 2021
A fix was made to the issue: changes of "Critical Level" properties do not save.
Apr 08, 2021
Minor changes and improvements were made (display name, alert properties, property naming).
Jul 16, 2020
The indicator was released (built new).
Product Media
How to Install?
Step by step guide on how to install the indicators
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Indicators Improved My Charts. Hannah's Help And Great Customer Service. Will Buy Again.
I have been using the ninZa.co indicators for several months now and am very happy with what a valuable addition they have been to my charts. I recently decided to add one of the recently released indicators from ninZa.co. But after using for a few days, it wasn’t quite what I had been looking for. I contacted ninZa.co and had the pleasure of working with Hannah for an exchange to a different one of the many available indicators. At the time, the indicator I wanted to purchase to replace the one I had recently bought was on sale. Hannah put through an exchange and without my having to ask, gave me the advantage of the sale price. She also included a pdf that provided education about the indicator I chose to switch to. Any time I have had contact with one of the associates from ninZa.co, I have received excellent customer service, and will not hesitate to purchase from them again.
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Because software products may be copied and stored easily, we will NOT issue refunds of any kind. ALL SALES ARE FINAL & NON-REFUNDABLE!
Futures, foreign currency, and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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