OPEN-SOURCE SCRIPT
Previous_DWMQY_High/Low & Pivots
This script calculates high/low pivots for different timeframes (daily, weekly, monthly, quarterly, and yearly). You have various pivot point calculation methods (Traditional, Fibonacci, Woodie, Classic, DM, Camarilla) and have inputs that allow customization of the indicator. The script also accounts for custom year-based calculations (bi-yearly, tri-yearly, quinquennially, decennially).
The first part of your code calculates the high and low levels for different timeframes, which are plotted on the chart as crosses. The second part involves the pivot point calculations, where the user selects the type of pivot point calculation (Traditional, Fibonacci, etc.), the timeframe for pivots, and other display settings.
The first part of your code calculates the high and low levels for different timeframes, which are plotted on the chart as crosses. The second part involves the pivot point calculations, where the user selects the type of pivot point calculation (Traditional, Fibonacci, etc.), the timeframe for pivots, and other display settings.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.