OPEN-SOURCE SCRIPT

Pivot Points High Low Duo

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Here is the Pivot High Low Duo script for Tradingview.

This is just an extension of the built-in Pivot Points High Low script.

Here it plots both 10-period & 20-period pivots in one script. All 20-period pivots will be 10-period pivots, so it avoids some clutter. Additionally, there is an option to show only the 10-period, or the 20-period pivots.

The basic concept is that if the high (or the low) is not crossed for next 20 bars, then the 20-period (or the 10-period) pivot high (or low) is formed.

I found these helpful in determining major price points, swing highs, & drawing horizontal lines for base counting.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.