OPEN-SOURCE SCRIPT
Market Pivots
Updated
Market pivots take previous high, low, close to calculate pivot range.
* within yellow pivot range, expecting choppy. not a good location to entry a trade
* above yellow pivot range, expecting bullish.
* below yellow pivot range, expecting bearish.
* within yellow pivot range, expecting choppy. not a good location to entry a trade
* above yellow pivot range, expecting bullish.
* below yellow pivot range, expecting bearish.
Release Notes
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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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