# [RS][IL]Median Pivots V0

187 8
EXPERIMENTAL: median pivots calculated from open to extremes.
original idea from Ivan Labrie.
study(title="[RS][IL]Median Pivots V0", shorttitle="[RS][IL]MP.V0", overlay=true)
timeframe = input("D", type=resolution)
sopen = security(tickerid, timeframe, open)
shigh = security(tickerid, timeframe, high)
slow = security(tickerid, timeframe, low)

scolor=sopen != sopen[1] ? na : black
scolor1=sopen != sopen[1] ? na : gray
plot(avg(sopen,shigh), color=scolor1)
plot(avg(sopen,slow), color=scolor1)
plot(sopen, color=scolor)
Another good job - can you comment on how you integrate the past few scripts you have shared with us?
Alphaoptions
Open levels give an indication of momentum, when pitting current price vs open. If above, momentum's bullish.
That's how I read it. If crossed below after being above by a big margin, then the whole advance was wiped out by the sellers and momentum's bearish.
I think you may have a copy of my playbook.
coondawg71
?
coondawg71
@coondawg71 i suppose this usage is similar to the hl2 median technique, yea... but inverted? :P
@Alphaoptions i dont have a usage method at the moment usually i just code what looks natural for the indicator i thought for a specific purpose (written on the topic description or comments) then correct any errors from there. :)
RicardoSantos
It's a 50% retrace from open to extreme. I use that for entries. Learned from Tim West.
RicardoSantos
It was a joke. I love using medians. Thanks for all the cool indicators you have been putting out for us. For the simpletons like me, I agree with Alphaoptions, we may need a tutorial on what your intended concept may be with them so we can get the full potential. Thank you!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter