Dynamic Pivot Point Backtest
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This Pivot points is calculated on the current day.
Pivot points simply took the high, low, and closing price from the previous period and
divided by 3 to find the pivot . From this pivot , traders would then base their
calculations for three support, and three resistance levels. The calculation for the most
basic flavor of pivot points , known as ‘floor-trader pivots’, along with their support and
resistance levels.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Pivot points simply took the high, low, and closing price from the previous period and
divided by 3 to find the pivot . From this pivot , traders would then base their
calculations for three support, and three resistance levels. The calculation for the most
basic flavor of pivot points , known as ‘floor-trader pivots’, along with their support and
resistance levels.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
DONATE/TIP
BTC: 3FKWwtaYrf5NHZzaCi1fyAfQj7XSgtyCqe
BTC: 3FKWwtaYrf5NHZzaCi1fyAfQj7XSgtyCqe
Thanks for the script
How do you enable alerts on this?
Thanks!!
alertcondition(pos != pos and pos == 1, title='Signal Buy', message="Buy")
alertcondition(pos != pos and pos == -1, title='Signal Sell', message="Sell")
Ty for all the great indicators you made for the community!
I was asking if you could help out with something.
I want my pivot points to start based of UTC - 4 to UTC - 4 as a trading session and not like it is with most of the scripts where they use UTC + 0 - UTC + 0 as their pivot calculation for the trading session.
Do you know a solution.
Ty you in advance!