glaz

Continuous Pivot Line

FX:GBPUSD   British Pound / U.S. Dollar
832 2 22
This is the best indicator iv used and im sure its gona change the way you trade, can be used as support and resistance trend, and for entry and exits
How it works: uses the traditional main pivot only.
New version with fix by TheLark, now works in lower timeframes too.


//Version 1.1 fix
//Glaz.
study(title="Glaz Daily Pivot Line", shorttitle="Glaz DP", overlay=true)
TradingHours = input(24)
min = TradingHours * 60
pivot = (high + low + close ) / 3.0
dtime = security(tickerid, 'D', pivot )
offs = isintraday ? round(min / interval) : 1
plot(offset(dtime,offs), color=green,linewidth=3)
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Awesome, another scripter! I've played with daily pivots in passing, but never worked out any sort of strategy with them. I like the simplicity in what you've got here, confirming entries and exits with RSI, I'm sure
+2 Reply
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