OPEN-SOURCE SCRIPT
PIVOT difference
all credit to pine coders of TV- tradingview.com/blog/en/line-get_price-new-function-in-pine-script-18894/
this is just example of the new function and how we can make smart pivot system for low TF
on the right side (the normal pivot that we use S1 and R1 level shown)
the lines represent the trend of the pivot and there levels
here i use 30 min pivot MTF on 5 min chart
in this example we can see that we have much more correct way to estimate break up or down
the get price function allow you to make alerts of crossing of the trend line ( I am lazy now so maybe later I add it:) )
you can use same TF as the chart or higher
and then examine where you think you nned to buy and sell
I normaly add linear regression or other method of choice for conformation of buy or sell oppertunity
this is just raw idea but this function can be exploited with any trend line or system that one can think about
this is just example to think on :)
this is just example of the new function and how we can make smart pivot system for low TF
on the right side (the normal pivot that we use S1 and R1 level shown)
the lines represent the trend of the pivot and there levels
here i use 30 min pivot MTF on 5 min chart
in this example we can see that we have much more correct way to estimate break up or down
the get price function allow you to make alerts of crossing of the trend line ( I am lazy now so maybe later I add it:) )
you can use same TF as the chart or higher
and then examine where you think you nned to buy and sell
I normaly add linear regression or other method of choice for conformation of buy or sell oppertunity
this is just raw idea but this function can be exploited with any trend line or system that one can think about
this is just example to think on :)
Skript med en öppen källkod
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. Du kan ange den som favorit för att använda den i ett diagram.
Frånsägelse av ansvar
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.