OPEN-SOURCE SCRIPT
Updated Pivot Support & Resistance
Here signals are based on the pivot high and pivot lows. Factors taken into account in understanding the breakout or breakdown are:
*candle bar is not opening candle
*must be near pivot high or low
Recommendation:
Use once candle closes else you might get trapped in certain cases so be careful
- volume
*candle bar is not opening candle
*must be near pivot high or low
Recommendation:
Use once candle closes else you might get trapped in certain cases so be careful
Release Notes
*added closing confirmation to avoid false breakdown breakouts
*showing indicator for last 75 bars only
*
Release Notes
- Trailing stoploss
- New trend vs trend continuation based on pivot-point
- Entry point added
- Maximum profit point is also added
Release Notes
added further explanation on the chart.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.