OPEN-SOURCE SCRIPT
CM_Pivot Points_M-W-D-4H-1H_Filtered
Famous Filtered Pivots Indicator -Many TimeFrames Available
CM_Pivot Points_M-W-D-4H-1H_Filtered
***Special Thanks to TheLark...AKA...The Coding Genius For Providing His Expertise...
***New Feature - Ability to turn On/Off Pivot Moving Average
***New Feature - Ability to turn On/Off Filtered Pivots (Explained Below)
Available Timeframes (Change In Inputs Tab):
1 Hour
4 Hour
Daily
Weekly
Monthly
Yearly
***All Features Available in Inputs Tab
-Ability to Plot just 1, or all Pivot Timeframes
-Defaults to Monthly Pivots
-Ability to turn On/Off Pivot Moving Average
-Ability to turn On/Off Filtered Pivots
-Ability to Plot S3 and R3 on 1 Hour and 4 Hour Pivots
***FILTERED PIVOTS!!!
-THIS IS A WAY TO FIND THE HIGHEST PROBABILITY MOVES
-IF CURRENT PIVOT IS GREATER THAN PREVIOUS PIVOT (INCLUDING MARKET THRESHOLD CALCULATION) THEN PIVOT, S1, & R2 PLOT
-IF CURRENT PIVOT IS LESS THAN PREVIOUS PIVOT (INCLUDING MARKET THRESHOLD CALCULATION) THEN PIVOT, S2, & R1 PLOT
-***THIS IS A WAY TO FILTER OUT PIVOTS AND ONLY PLOT THE LEVELS THAT ARE EXPECTED TO BE MAJOR SUPPORT AND RESISTANCE
***VIDEO COMING SOON WHERE i WILL GO OVER IN DETAIL THE THOUGHT PROCESS AND METHODOLOGY
CM_Pivot Points_M-W-D-4H-1H_Filtered
***Special Thanks to TheLark...AKA...The Coding Genius For Providing His Expertise...
***New Feature - Ability to turn On/Off Pivot Moving Average
***New Feature - Ability to turn On/Off Filtered Pivots (Explained Below)
Available Timeframes (Change In Inputs Tab):
1 Hour
4 Hour
Daily
Weekly
Monthly
Yearly
***All Features Available in Inputs Tab
-Ability to Plot just 1, or all Pivot Timeframes
-Defaults to Monthly Pivots
-Ability to turn On/Off Pivot Moving Average
-Ability to turn On/Off Filtered Pivots
-Ability to Plot S3 and R3 on 1 Hour and 4 Hour Pivots
***FILTERED PIVOTS!!!
-THIS IS A WAY TO FIND THE HIGHEST PROBABILITY MOVES
-IF CURRENT PIVOT IS GREATER THAN PREVIOUS PIVOT (INCLUDING MARKET THRESHOLD CALCULATION) THEN PIVOT, S1, & R2 PLOT
-IF CURRENT PIVOT IS LESS THAN PREVIOUS PIVOT (INCLUDING MARKET THRESHOLD CALCULATION) THEN PIVOT, S2, & R1 PLOT
-***THIS IS A WAY TO FILTER OUT PIVOTS AND ONLY PLOT THE LEVELS THAT ARE EXPECTED TO BE MAJOR SUPPORT AND RESISTANCE
***VIDEO COMING SOON WHERE i WILL GO OVER IN DETAIL THE THOUGHT PROCESS AND METHODOLOGY
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.
Coming Soon: ChrisMoodyTrading.com
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.