blackcat1402

[blackcat] L2 Sylvain Vervoort SVE Pivots

Level 2

Background

Sylvain Vervoort’s articles in the May issues on 2018,“The V-Trade, Part 3: Technical Analysis—Fibonacci Projections And Daily Pivots”

Function

Sylvain Vervoort, in his May 2018 STOCKS & COMMODITIES article, “The V-Trade, Part 3: Technical Analysis—Fibonacci Projections And Daily Pivots,” introduces a modified version of the venerable floor trader pivots that he calls SvePivots. With his new SvePivots, he identifies additional support & resistance levels beyond the standard calculations. These include mid-levels between the between normal support & resistance as well as prior day highs and lows.

Remarks
you can customize 'res' parameter in setting to setup pivots' reference time frame.
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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.

Disclaimer

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