OPEN-SOURCE SCRIPT
[blackcat] L2 Sylvain Vervoort SVE Pivots
Level 2
Background
Sylvain Vervoort’s articles in the May issues on 2018,“The V-Trade, Part 3: Technical Analysis—Fibonacci Projections And Daily Pivots”
Function
Sylvain Vervoort, in his May 2018 STOCKS & COMMODITIES article, “The V-Trade, Part 3: Technical Analysis—Fibonacci Projections And Daily Pivots,” introduces a modified version of the venerable floor trader pivots that he calls SvePivots. With his new SvePivots, he identifies additional support & resistance levels beyond the standard calculations. These include mid-levels between the between normal support & resistance as well as prior day highs and lows.
Remarks
you can customize 'res' parameter in setting to setup pivots' reference time frame.
Feedbacks are appreciated.
Background
Sylvain Vervoort’s articles in the May issues on 2018,“The V-Trade, Part 3: Technical Analysis—Fibonacci Projections And Daily Pivots”
Function
Sylvain Vervoort, in his May 2018 STOCKS & COMMODITIES article, “The V-Trade, Part 3: Technical Analysis—Fibonacci Projections And Daily Pivots,” introduces a modified version of the venerable floor trader pivots that he calls SvePivots. With his new SvePivots, he identifies additional support & resistance levels beyond the standard calculations. These include mid-levels between the between normal support & resistance as well as prior day highs and lows.
Remarks
you can customize 'res' parameter in setting to setup pivots' reference time frame.
Feedbacks are appreciated.
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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