OPEN-SOURCE SCRIPT
Updated Camarilla Pivots
A slimmed down/cleaner version of the "Pivot Points Standard" indicator. This is for Camarilla pivots only. The S and R pivots are renamed to L/H and the colors of pivot 1 and 2 are faded out by default since those pivots are less used in the Camarilla trading system. They can also be disabled of course.
Release Notes
Added extra H6/L6 pivots for strong trend moves/breakouts.Release Notes
Added optional setting for showing CPR (Central Pivot Range) and added line style customization.Release Notes
Added a separate setting for displaying "number of CPR back" so that you can display previous CPRs without displaying previous pivots.Useful for checking two-day relationships between CPRs which can give you a directional bias as discussed in Franklin Ochoa's book "Secrets of a pivot boss".
For example if the CPR of the current day is higher than yesterday's CPR and price opened above today's CPR that will generally give you a bullish bias for the day (and same for weekly, monthly pivots etc).
There are 7 different types of two-day pivot relationships, I recommend you to read the book or do some research online to learn more.
Release Notes
Added an option for showing next period's pivots and CPR based on current data (it will change as price moves during the day)Release Notes
Added alert support and new options to enable or disable alert for different pivotsRelease Notes
Added new optional setting for showing middle lines in between pivotsOpen-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.