Pivot Lines

8 jun 2020

This indicator provides possible short, medium, and long-term support and resistance levels based on recent highs and lows. The furthest the level is, the thicker its line is, making it easy to spot stronger levels where 2 lines overlap. It can be configured to use open/close values instead of high/low for tighter levels.

Default settings:
- Short Period: 20
- Medium Period: 50
- Long Period: 100

This script also provides alerts for when the price crosses over/under a given level or pulls back.

Note: It sometimes displays supports above the price and resistances below it, I still have to figure out why (and fix it if possible), but it's still useful.

10 jul 2020

Notas de prensa

Changes:

• Change default periods to 5, 20, 50
  
• More reliable levels by checking their position
  
• Code refactoring
  

26 ene 2023

Notas de prensa

Update to Pine Script v5