gavindiaz/QuanTAlib
1
0
Fork 0
mirror of https://github.com/mihakralj/QuanTAlib.git synced 2026-08-19 19:18:05 +00:00
Code Issues Packages Projects Releases Wiki Activity

doc headers

Browse Source
This commit is contained in:
Miha Kralj
2026-02-27 07:48:12 -08:00
parent 8a1ba95173
commit 4ab3a7fb53
389 changed files with 6682 additions and 468 deletions
Download Patch File Download Diff File Expand all files Collapse all files
lib/reversals/pivotext/Pivotext.md
+17
View File
@@ -1,5 +1,22 @@
# PIVOTEXT: Extended Traditional Pivot Points
| Property | Value |
| ---------------- | -------------------------------- |
| **Category** | Reversal |
| **Inputs** | OHLCV bar (TBar) |
| **Parameters** | None |
| **Outputs** | Single series (PIVOTEXT) |
| **Output range** | Varies (see docs) |
| **Warmup** | `2` bars |
### TL;DR
- Extended Traditional Pivot Points calculate eleven horizontal support and resistance levels from the previous bar's high, low, and close.
- No configurable parameters; computation is stateless per bar.
- Output range: Varies (see docs).
- Requires `2` bars of warmup before first valid output (IsHot = true).
- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
> "Classic pivots tell you where the crowd expects the market to pause. Extended pivots tell you where the crowd starts to panic."
Extended Traditional Pivot Points calculate eleven horizontal support and resistance levels from the previous bar's high, low, and close. The core levels (PP, R1-R3, S1-S3) are identical to classic floor trader pivots. The extension adds R4/R5 and S4/S5 levels that project further beyond the prior bar's range, covering extreme move scenarios such as gap opens, news-driven spikes, and trend continuation through multiple prior-range increments. The formula is pure arithmetic with zero parameters.