DonovanWall

Hybrid Pivot Zones [DW]

DonovanWall Wizard Aktualisiert   
This is an experimental study designed to identify potential areas of support and resistance using a hybrid between Camarilla and Fibonacci pivot calculations.
The levels are calculated by taking 110% of the previous interval's range multiplied by 8.33%, 16.67%, 25%, 50%, 61.8%, 78.6%, 100%, 127.2%, 141.4%, and 161.8%, then adding them above and below the interval open.

Custom bar colors are included.
Versionshinweise:
Simple Update:
Now supports any resolution within TradingView's capabilities.
Versionshinweise:
Updates:

Due to my initial lack of understanding about how Pivot Points work and how they were calculated, I made some errors that I've corrected in this update.

Pivot Point's source is now adjustable via an easy to use dropdown menu.
There are 4 source options for the Pivot:
-> hlc3, which is the average of high, low, and close of the previous interval
-> hl2, which is the median of the previous interval
-> ohlc4, which is the average of open, high, low, and close of the previous interval
-> close, which is the close of the previous interval

An interval renewal condition has been implemented to prevent repainting.

7 new range percentages have been added to the script: 183.9%, 200%, 227.2%, 241.4%, 261.8%, 283.9%, 300%. So now there are 14 new levels calculated.

Altered the appearance of the levels. The new look is much easier on the eyes.

Bar colors have been changed. The color scheme now reflects what region of support and resistance closing price is currently in.

Note: Due to the way this script alters chart scaling, I recommend selecting the "Scale Price Chart Only" option in your scale settings located in the bottom right corner of the chart. However, if you prefer the broadened perspective, then more power to you!

For my full list of premium tools, check the blog:
wallanalytics.com/

Reach out on Telegram:
t.me/DonovanWall
Open-source Skript

Ganz im Spirit von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es besser verstehen und überprüfen können. Herzlichen Glückwunsch an den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Veröffentlichung unterliegt den Hausregeln. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

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.

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