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Mreg36

CL PMA

Mreg36  
Simple Moving Average (SMA) Pivot points and levels acdsystem fishertrading dailypivotindicator
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simplemovingaverage pivotpointsandlevels acdsystem fishertrading dailypivotindicator
This is and indicator Using SMAs of the High+Low+Close/3 pivot point strategy outlines by Mark Fisher. This indicator is meant to be used as another layer adding confirmation to the ACD system. I mostly use this script to track Crude Oil ( CL ) but it can be used for many other products . However, this indicator is most useful in volatile markets.

This is not meant to be used as a primary indicator but rather third level of confirmation after ACD and Number lines outlined by Mark Fishers system.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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