Derivative Pivot HL Points — Indicator by Noldo

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pivotpoints pivot pivotstrategy mutable high low

Hello.
This script aims to take into account mutable variable Pivot Points' periods.

While doing this, it takes the period between 2 signals that I use in the script:

And these periods in my Pivot HL function integrated into len length (Mutable variables) :

The cornerstone of the script is these facts.
Pivot can be optimized by playing with reversal periods.

These pre-formed levels can be used as Supply and Demand levels.

Regards.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

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Website : https://www.autonomouscripts.com
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Comments

Hi i have one question, the price displayed comes when ? At Closing the Candle or something else.
Its a good Signal

kalanouriaujwal

@kalanouriaujwal, after the end of pivot right length ended ))

Hi Noldo, It's is a interesting and seem so useful indicator; appreciated your posting and above the information <3

ICEKI

@ICEKI, Thank you so much !

Why 4 and 2 periods?

OutsourcE

@OutsourcE,
Based on the standard periods of the Pivot Reversal Strategy.

Noldo

@Noldo, thx