OPEN-SOURCE SCRIPT
Multi-Timeframe Pivot Points

This is a MTF pivot point indicator. I was unhappy with the standard pivot point indicator in Trading View as I wanted to be aware of how price was interacting with pivot points on a higher timeframe. For example, if I'm on the 1H time frame looking at daily pivots, I want to be sure that my trading plan to move between these pivots does not contradict what price is trying to do in relation to the weekly pivots. In addition, sometimes daily and weekly pivots will align increasing probability of a bounce
Ultimately its about trying to automate as much as possible to quickly have an awareness of what might be happening on the timeframe above without having to manual enter levels.
I concluded I don't like the results of this script - whilst i clearly see price interacting with pivots on the current timeframe and higher timeframes there is too much screen clutter on the screen for me.
Rather than delete the script I thought I'd make it available for other people to use. I hope its useful to people. Good luck
(For the record it actually takes a little thinking outside the box to make so many pivots display - you can't just plot hlines. If your a pinescript geek you might like the code)
Ultimately its about trying to automate as much as possible to quickly have an awareness of what might be happening on the timeframe above without having to manual enter levels.
I concluded I don't like the results of this script - whilst i clearly see price interacting with pivots on the current timeframe and higher timeframes there is too much screen clutter on the screen for me.
Rather than delete the script I thought I'd make it available for other people to use. I hope its useful to people. Good luck
(For the record it actually takes a little thinking outside the box to make so many pivots display - you can't just plot hlines. If your a pinescript geek you might like the code)
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.