PROTECTED SOURCE SCRIPT
Pivot Support / Resistance Finder [JV]
Hi Traders,
this is the result of the many feedback messages I received about this first draft of this script. It has significant updates:
There are many configurable options. Feel free to explore them all.
If you should notice a bug or something of a kind, feel free to contact me.
All feedback is very welcome as well.
Request might be considered but don't take them for granted please.
Pivot Points
Pivot Points are considered to be levels which may become significant levels (Support / Resistance) in the future. They can be interpreted in various ways, but fact is that price, when it comes close to a previous Pivot Point, can mess with your head. Prices often returns to previous Pivot Points, more than once even a few times, as shown below.
I hope you find this useful.
Happy Trading!
this is the result of the many feedback messages I received about this first draft of this script. It has significant updates:
- The use of Arrays.
- Using PineCoders Coding Conventions for Pine: pinecoders.com/coding_convent...
- Display up to 6 Support / Resistance levels.
- Line colors and Labels change according to their status (Support or Resistance).
- Moved Labels to the future for better overview of the Prices / Levels.
There are many configurable options. Feel free to explore them all.
If you should notice a bug or something of a kind, feel free to contact me.
All feedback is very welcome as well.
Request might be considered but don't take them for granted please.
Pivot Points
Pivot Points are considered to be levels which may become significant levels (Support / Resistance) in the future. They can be interpreted in various ways, but fact is that price, when it comes close to a previous Pivot Point, can mess with your head. Prices often returns to previous Pivot Points, more than once even a few times, as shown below.
I hope you find this useful.
Happy Trading!
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