OPEN-SOURCE SCRIPT

Pivot-Based Channels & Bands [Misu]

█ This Indicator is based on Pivot detection to show bands and channels.

The pivot price is similar to a resistance or support level. If the pivot level is breached, the price should continue in that direction. Or the price could reverse at or near this level.

█ Usages:

Use channels as a support & resistance zone.
Use bands as a support & resistance zone. It is also very powerfull to use it as a breakout.
Use mid bands & mid channels as a trend direction or trade filter as a more usual moving average.

█ Parameters:

Show Pivot Bands: show bands.
Show Pivot Mid Band: show mid bands.
Show Pivot Channels: show channels.
Show Pivot Mid Channel: show mid channels.
Deviation: deviation used to calculate pivot points.
Depth: depth used to calculate pivot points.

오픈 소스 스크립트

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.

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