INVITE-ONLY SCRIPT
TWP Higher Timeframe Pivot Points
Güncellendi
█ OVERVIEW
This script displays the nearest support and resistance fibonacci pivot point levels from the higher reference timeframes -- weekly, monthly, and yearly levels. When trading it is always been helpful for me to be aware of significant price levels of the players participating on larger timeframes. HTF pivot points are a great tool for finding confluence and/or gaining extra conviction on your trades. This is a companion tool to be used in conjunction with the Standard Fibonacci Pivot Points.
█ CONCEPTS
Pivot points are a technical indicator / calculation that can be used to determine the overall trend of the market or determine the level that price may face support or resistance. At the same time it can lead to confirmation of the overall trend when price travels through support or resistance lines continuously.
The pivot point is the average of the high, low, and closing price of the previous time window - Day, Week, Month, Year.
The going belief is that if price is trading above the pivot point (P) then there is a bullish sentiment and trading below the pivot point (P) is a bearish sentiment.
Pivot points can be calculated a multitude of ways but the way I am using it here is using the fibonacci method. See the calculations below.
Note: Tooltips are added for each lines label that display the calculation used.
Default Ratios + Matching Labels:
pivot point = (high + low + close) / 3
support lines = pivot - (prevhigh - prevlow) * 0.236
resistance lines = pivot - (prevhigh - prevlow) * 0.236
38.2% - S1/R1
61.8% - S2/R2
100% - S3/R3
Additional (Mid) Ratios + Matching Labels:
23.6% - SA/RA
50% - SB /RB
76.4% - SC / RC
127.2% - S4/R4
141.4% - S5/R5
161.8% - S6/R6
200% - S7/R7
█ FEATURES
1 — Line Extension - Left, Right, Both, None
2 — Pivot Levels for Week, Month, and Year Pivot Points
• Show line
• Show label
• Line color
• Line style
█ HOW TO USE
• As mentioned earlier it best used along with the Standard Fibonacci Pivot Points to find levels of potential confluence where you believe may be key support, resistance, or a potential inflection point in price action.
█ LIMITATIONS
• Depending on the chart and the amount of data it naturally pulls back, the yearly fibonacci pivot point levels may not show
• Pivot points may be found useful for some and not for others
• There is no assurance that price will stop at, reverse, or reach a specific pivot level
This script displays the nearest support and resistance fibonacci pivot point levels from the higher reference timeframes -- weekly, monthly, and yearly levels. When trading it is always been helpful for me to be aware of significant price levels of the players participating on larger timeframes. HTF pivot points are a great tool for finding confluence and/or gaining extra conviction on your trades. This is a companion tool to be used in conjunction with the Standard Fibonacci Pivot Points.
█ CONCEPTS
Pivot points are a technical indicator / calculation that can be used to determine the overall trend of the market or determine the level that price may face support or resistance. At the same time it can lead to confirmation of the overall trend when price travels through support or resistance lines continuously.
The pivot point is the average of the high, low, and closing price of the previous time window - Day, Week, Month, Year.
The going belief is that if price is trading above the pivot point (P) then there is a bullish sentiment and trading below the pivot point (P) is a bearish sentiment.
Pivot points can be calculated a multitude of ways but the way I am using it here is using the fibonacci method. See the calculations below.
Note: Tooltips are added for each lines label that display the calculation used.
Default Ratios + Matching Labels:
pivot point = (high + low + close) / 3
support lines = pivot - (prevhigh - prevlow) * 0.236
resistance lines = pivot - (prevhigh - prevlow) * 0.236
38.2% - S1/R1
61.8% - S2/R2
100% - S3/R3
Additional (Mid) Ratios + Matching Labels:
23.6% - SA/RA
50% - SB /RB
76.4% - SC / RC
127.2% - S4/R4
141.4% - S5/R5
161.8% - S6/R6
200% - S7/R7
█ FEATURES
1 — Line Extension - Left, Right, Both, None
2 — Pivot Levels for Week, Month, and Year Pivot Points
• Show line
• Show label
• Line color
• Line style
█ HOW TO USE
• As mentioned earlier it best used along with the Standard Fibonacci Pivot Points to find levels of potential confluence where you believe may be key support, resistance, or a potential inflection point in price action.
█ LIMITATIONS
• Depending on the chart and the amount of data it naturally pulls back, the yearly fibonacci pivot point levels may not show
• Pivot points may be found useful for some and not for others
• There is no assurance that price will stop at, reverse, or reach a specific pivot level
Sürüm Notları
v1.11 — Added ability to choose which levels to show for each periods pivot points
Yalnızca davetli komut dosyası
Bu komut dosyasına erişim, yazar tarafından yetkilendirilen kullanıcılarla sınırlıdır ve genellikle ödeme gerektirir. Sık kullanılanlarınıza ekleyebilirsiniz, ancak bunu yalnızca izin talep edip yazarından bu izni aldıktan sonra kullanabileceksiniz. Daha fazla bilgi için Jauqius ile iletişime geçin veya yazarın aşağıdaki talimatlarını izleyin.
TradingView, yazarına %100 güvenmediğiniz ve komut dosyasının nasıl çalıştığını anlamadığınız sürece bir komut dosyası için ödeme yapmanızı ve onu kullanmanızı önermez. Çoğu durumda, Topluluk Komut Dosyaları bölümümüzde ücretsiz olarak iyi bir açık kaynak alternatifi bulabilirsiniz.
Yazarın talimatları
″Please visit our website to gain access to the script.
Bu komut dosyasını bir grafikte kullanmak ister misiniz?
Uyarı: Erişim talebinde bulunmadan önce lütfen okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.