OPEN-SOURCE SCRIPT

Pivot Points Standard With Labels

Zaktualizowano
This Pine Script code calculates Support and Resistance levels using Pivot Points, which are widely used in technical analysis for identifying potential price levels where the market might reverse direction. The methodology is based on two different calculation approaches: Traditional Pivot Points and Fibonacci Pivot Points. Here's an overview of the methodology:

Traditional and Fibonacci Pivot Points Formula:
Pivot Point (P) is calculated as the average of the previous period's High, Low, and Close prices:
P=(High+Low+Close)/3


where:

  • H = High price of the previous period
  • L = Low price of the previous period
  • C = Close price of the previous period


Resistance 1 (R1):

R1=P+0.382×(H−L)
Support 1 (S1):
S1=P−0.382×(H−L)

Resistance 2 (R2):
R2=P+0.618×(H−L)

Support 2 (S2):
S2=P−0.618×(H−L)
Resistance 3 (R3):
S2=P−0.618×(H−L)
R3=P+(H−L)
Support 3 (S3):

R3=P+(H−L)
S3=P−(H−L)
Informacje o Wersji
Traditional and Fibonacci Pivot Points Formula:
Pivot Point (P) is calculated as the average of the previous period's High, Low, and Close prices:

P=(High+Low+Close)/3

Where:

  • High = High price of the previous period
  • Low = Low price of the previous period
  • Close = Close price of the previous period


Pivot PointsPivot points and levels

Skrypt open-source

W prawdziwym duchu TradingView autor tego skryptu opublikował go jako open source, aby inwestorzy mogli go zrozumieć i zweryfikować. Pozdrowienia dla autora! Możesz go używać bezpłatnie, ale ponowne użycie tego kodu w publikacji podlega Zasadom Regulaminu. Możesz go oznaczyć jako ulubione, aby użyć go na wykresie.

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