OPEN-SOURCE SCRIPT
Aktualisiert Pivot Spotlight: Filtering of Multi Time Frame Pivot Points
The script displays standard pivot points and the corresponding support (S) and resistance (R) levels closest to the current price. It simultaneously plots levels calculated on different timeframes (daily, weekly, monthly, yearly). Plotted levels are selected by means of a filtering window that instantly follows the price.
I personally use this script for intraday trading, but it is also compatible with higher time frames.
INPUT DESCRIPTION
Filtering window width:
A real number that defines the filtering range as a fraction of the previous high-low range on a higher timeframe.
For example, for a daily resolution and Filtering window width = 2.0, the filtering range equals 2.0*(previous month HIGH - LOW).
Max number of levels plotted:
If the filtering window is very broad, this parameter limits the number of displayed levels.
Type of pivot points:
Available options are Traditional, Fibonacci, Woodie, Classic, Demark, Camarilla.
Show Yearly (Monthly, Weekly, Daily) Pivots:
Pivots timeframes to display.
Note, however, that regardless of this input only the pivot levels of the timeframes higher than the current chart resolution will be plotted. For example, if the chart resolution is hours or days, only weekly, monthly and yearly levels will be displayed; daily levels will be omitted.
OUTPUT DESCRIPTION
The levels are labeled in accordance with the timeframe they are calculated on. For example, S1D is the first daily S level; R2W is the second weekly R level; PM is a monthly pivot point.
I personally use this script for intraday trading, but it is also compatible with higher time frames.
INPUT DESCRIPTION
Filtering window width:
A real number that defines the filtering range as a fraction of the previous high-low range on a higher timeframe.
For example, for a daily resolution and Filtering window width = 2.0, the filtering range equals 2.0*(previous month HIGH - LOW).
Max number of levels plotted:
If the filtering window is very broad, this parameter limits the number of displayed levels.
Type of pivot points:
Available options are Traditional, Fibonacci, Woodie, Classic, Demark, Camarilla.
Show Yearly (Monthly, Weekly, Daily) Pivots:
Pivots timeframes to display.
Note, however, that regardless of this input only the pivot levels of the timeframes higher than the current chart resolution will be plotted. For example, if the chart resolution is hours or days, only weekly, monthly and yearly levels will be displayed; daily levels will be omitted.
OUTPUT DESCRIPTION
The levels are labeled in accordance with the timeframe they are calculated on. For example, S1D is the first daily S level; R2W is the second weekly R level; PM is a monthly pivot point.
Versionshinweise
Fixed an issue with Woodie's pivot points.Versionshinweise
fixed a small bug in the sorting subroutineVersionshinweise
Major updateIn the updated version, the approach to the processing of displayed objects (lines and labels) has been significantly redesigned. As a result, the existing bugs were fixed (such as duplicate display of labels, incorrect line behavior in the presence of time gaps in the chart).
New features added:
- The line width and style, as well as the label font size and color are now fully customizable.
- The line length can be changed by defining the input parameters Line Length Forward and Line Length Back.
- The values of the pivot levels can be displayed by switching the Print Values option.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.