TradingView
glaz
Feb 12, 2014 5:01 PM

Continuous Pivot Line 

British Pound/U.S. DollarFXCM

Description

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)
Comments
aeriosism
How do I add this to an indicator?
TheLark
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
marcmozay
how do i add this indicator
TASAVANT
Like it
More