OPEN-SOURCE SCRIPT
Simple Pivot Points with dots, not lines(automatic setup)

1. Why Pivot Point is popular
Because unlike most indicators, it's not lagging! It is forward-looking, it's real-time, it's just right there.
2. Why this script is created?
I don't like many indicator lines crossing my screen everywhere, just as some Pivot Point indicators did. So I wrote this script to keep my screen as clean/neat as possible.
3. About the other “manual setup” version.
I'm a E-mini S&P500 future trader, and I found the close prices on Daily chart is different from the ones on lower timeframe occasionally.
So I asked some TradingView staff and the reply was:
The closing price of a daily bar on TradingView is based on a Settle price from the exchange. The exchanges, at times, send this value before the close of the trading day, which leads to the situation when the price for daily-based resolutions does not change after receiving this Settle value, while the price changes still occur at smaller resolutions, since the construction of intraday bars is based on the actual trades produced.
So, if you found the same problem also occurs on your tickers, you can search the "Simple Pivot Points with dots, not lines(manually setup)" version, in which
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If you want the dots stay a little further from your bars, you can adjust the "offset" parameter in the code. The larger the number is, the further the dot stays.
Because unlike most indicators, it's not lagging! It is forward-looking, it's real-time, it's just right there.
2. Why this script is created?
I don't like many indicator lines crossing my screen everywhere, just as some Pivot Point indicators did. So I wrote this script to keep my screen as clean/neat as possible.
3. About the other “manual setup” version.
I'm a E-mini S&P500 future trader, and I found the close prices on Daily chart is different from the ones on lower timeframe occasionally.
So I asked some TradingView staff and the reply was:
The closing price of a daily bar on TradingView is based on a Settle price from the exchange. The exchanges, at times, send this value before the close of the trading day, which leads to the situation when the price for daily-based resolutions does not change after receiving this Settle value, while the price changes still occur at smaller resolutions, since the construction of intraday bars is based on the actual trades produced.
So, if you found the same problem also occurs on your tickers, you can search the "Simple Pivot Points with dots, not lines(manually setup)" version, in which
- I replace the D(representing the Daily timeframe ) with 1440(representing 1440 minutes) in the script, making the daily Pivot Points more accurate.
- You can set the "last week/month close" in the "script settings" MANUALLY to ensure the weekly/monthly Pivot Point is the most accurate.
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If you want the dots stay a little further from your bars, you can adjust the "offset" parameter in the code. The larger the number is, the further the dot stays.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.