OPEN-SOURCE SCRIPT
STRATIFYFX PIVOT POINTS
STRATIFYFX Pivot Points
The STRATIFYFX Pivot Points indicator is designed to help traders identify key levels of support and resistance based on the previous day's price action. Using a well-known pivot point calculation, this indicator plots key levels on your chart, including the Pivot Point itself, Resistance 1, Resistance 2, Resistance 3, Support 1, Support 2, and Support 3. These levels are critical for identifying potential price reversal zones and breakout points, making them useful for intraday trading strategies.
The STRATIFYFX Pivot Points indicator is designed to help traders identify key levels of support and resistance based on the previous day's price action. Using a well-known pivot point calculation, this indicator plots key levels on your chart, including the Pivot Point itself, Resistance 1, Resistance 2, Resistance 3, Support 1, Support 2, and Support 3. These levels are critical for identifying potential price reversal zones and breakout points, making them useful for intraday trading strategies.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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