OPEN-SOURCE SCRIPT
Pivot Levels with Alerts
Updated
Plots levels based on yesterday's high/low and close
Below the lower level, look for shorts. Above the upper level, look for longs. Between the lower and upper levels, look for price action to determine long/short as it can be range bound between those 2 levels.
Below the lower level, look for shorts. Above the upper level, look for longs. Between the lower and upper levels, look for price action to determine long/short as it can be range bound between those 2 levels.
Release Notes
Script plots Pivot Levels and 2 Resistance LevelsRelease Notes
The script plots the following levels:Lower Level - Below this price is considered bearish.
Upper Level - Above this price is considered bullish.
Between Lower level and upper level, expect chop till price breaks one of these levels
S2/R2/Pivot - Pivot and S2/R2 support/resistance levels.
Added alerts for Price crossing above lower level or crossing below upper level
Release Notes
The script plots the following levels:Lower Level - Below this price is considered bearish.
Upper Level - Above this price is considered bullish.
Between Lower level and upper level, expect chop till price breaks one of these levels
S2/R2/Pivot - Pivot and S2/R2 support/resistance levels.
Added alerts
for Price
crossing above lower level
crossing above upper level
crossing above S2
crossing below upper level
crossing below lower level
crossing below R2
Release Notes
The script plots the following levels:Lower Level - Below this price is considered bearish.
Upper Level - Above this price is considered bullish.
Between Lower level and upper level, expect chop till price breaks one of these levels
S2/R2/Pivot - Pivot and S2/R2 support/resistance levels.
Added alerts
for Price
crossing lower level
crossing upper level
crossing S2
Crossing R2
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 publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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