OPEN-SOURCE SCRIPT
Pivot Points Fibonacci and Standard
Traditional and Fibonacci Pivot Points Formula:
Pivot Point (P) is calculated as the average of the previous period's High, Low, and Close prices:
P=(High+Low+Close)/3
Where:
High = High price of the previous period
Low = Low price of the previous period
Close = Close price of the previous period
Pivot Point (P) is calculated as the average of the previous period's High, Low, and Close prices:
P=(High+Low+Close)/3
Where:
High = High price of the previous period
Low = Low price of the previous period
Close = Close price of the previous period
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