OPEN-SOURCE SCRIPT
CryptoManic_Pivots_classic
Updated
Classic Pivot point charting script. Formula in use:
Pivot (P) = (H + L + C) / 3
Resistance (R1) = (2 x P) - L
R2 = P + H - L
R3 = H + 2 x (P - L)
Support (S1) = (2 x P) - H
S2 = P - H + L
S3 = L - 2 x (H - P)
Pivot (P) = (H + L + C) / 3
Resistance (R1) = (2 x P) - L
R2 = P + H - L
R3 = H + 2 x (P - L)
Support (S1) = (2 x P) - H
S2 = P - H + L
S3 = L - 2 x (H - P)
Release Notes
Update 1:Adding colors
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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