OPEN-SOURCE SCRIPT
Pivot Points, by @juanmirocks
# Advantages over TV's indicator "Pivot Points Standard"
1. Show pivot lines for all history, which lets you gauge trading strategies throughout time
2. More sensible Default/Auto time frame; e.g. on intradays only and always the market values of yesterday's Day are used
3. The halves between the key levels are also shown, which it's useful for some trading strategies
4. Arguably out-of-the-box nicer interface
Pivot Points as an indicator is a traditional strategy to draw resistance and support levels. It's best suited for intraday trading: the pivot points and resulting key levels are calculated from yesterday's market values (H, L, C). More details in the script's source.
Pivot Points trading is suitable for any market, and best for intraday (e.g. 3 min).
1. Show pivot lines for all history, which lets you gauge trading strategies throughout time
2. More sensible Default/Auto time frame; e.g. on intradays only and always the market values of yesterday's Day are used
3. The halves between the key levels are also shown, which it's useful for some trading strategies
4. Arguably out-of-the-box nicer interface
Pivot Points as an indicator is a traditional strategy to draw resistance and support levels. It's best suited for intraday trading: the pivot points and resulting key levels are calculated from yesterday's market values (H, L, C). More details in the script's source.
Pivot Points trading is suitable for any market, and best for intraday (e.g. 3 min).
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.