OPEN-SOURCE SCRIPT
Dk- Fibo and pivot levels with CPR
Updated
This script has the levels like
Fibonacci major and minor levels such as 1.618/2.618/3.618 and 1.382/1.00/2.00 respectively.
Pivot levels from R1 to R4.
CPR levels
Provided the percentage difference between CPR and TPR . Lower the difference higher the explosion of stocks.
Provided a No trade zone where the levels are colored. This zone is actually a area between R1 & S1 and Previous day high & low. Stocks tend to move larger once the area is breached.
Also added Moving average, vwap and mvwap with periods.
Historical days can be seen by changing the number of days.
Tomorrow's range can be seen by changing the type as 0.
Fibonacci major and minor levels such as 1.618/2.618/3.618 and 1.382/1.00/2.00 respectively.
Pivot levels from R1 to R4.
CPR levels
Provided the percentage difference between CPR and TPR . Lower the difference higher the explosion of stocks.
Provided a No trade zone where the levels are colored. This zone is actually a area between R1 & S1 and Previous day high & low. Stocks tend to move larger once the area is breached.
Also added Moving average, vwap and mvwap with periods.
Historical days can be seen by changing the number of days.
Tomorrow's range can be seen by changing the type as 0.
Release Notes
Updated zones.Clubbed pivot and Fibonacci points as few scripts are being traded with pivot and few with Fibonacci.
These zones provide extra advantage to identify the levels. i.e If one level is breached the script should go to next zone for sure.
Release Notes
Few more enhancements incorporated.Release Notes
Added few more levels.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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