TradingView expands lineup of built-in indicators
TradingView announces yet another new Pine-based built-in indicator which traders requested – Auto Pitchfork.
This indicator is based on TradingView’s Pitchfork drawing tool, which takes points traders set then connects them together and creates a channel with several different Fibonacci levels inside of it. The new indicator helps automate this process: instead of requiring traders to specify points by hand, it searches for last notable pivot points and draws the pitchfork based on them. As a result, the pitchfork can be shown on any desired symbol automatically.
The Inputs section in the indicator’s settings allows traders to further tweak it to their preference: they can add new Fibonacci levels to the pitchfork and recolor them, change the type of the pitchfork used, and affect the length of the analyzed data via the Depth input.
The indicator is written in TradingView’s own Pine scripting language, so Pine enthusiasts can take a closer look at how it works in the Pine Editor. If you want to examine the inner workings of the indicator or modify it for your personal use, click on the “Open” button, select “New default built-in script” from the dropdown and find Auto Pitchfork there.
Speaking of recent enhancements to the TradingView platform, let’s note that TradingView has enabled instant synchronization of drawing objects.
This new functionality will be useful for those working in multiple browser tabs at once, on multiple devices, or in a browser and desktop app at the same time. Now traders do not need to reload charts to see changes made elsewhere.
With the new ability to instantly sync drawing objects, your charts will always be up-to-date, no matter where they are open, whether it is a browser, a mobile app on iOS or Android, or the TradingView desktop app — simply enable the autosave feature in your chart settings.
This means less time wasting and more productivity — allowing you to focus more on your trading.