# Indicators: SDX-TzPivots_3

115727

Calculation of pivot and similar levels based on time zones.

Author: Aleh Sasonka

55

im new for the trading..how gonna be using this indicator buy and sell?
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wan salahuddin:
im new for the trading..how gonna be using this indicator buy and sell?

The pivot levels and Fibonacci retracements can be used as levels of support and resistance zones for possible reversal of the price movement.

See more...

TRADING MANUAL - How To Use Fibonacci

Fibonacci Retracements [ChartSchool]
• stockcharts.com
Fibonacci Retracements are ratios used to identify potential reversal levels. These ratios are found in the Fibonacci sequence. The most popular Fibonacci Retracements are 61.8% and 38.2%. Note that 38.2% is often rounded to 38% and 61.8 is rounded to 62%. After an advance, chartists apply Fibonacci ratios to define retracement levels and...
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The sample input for strategy the reversal of Fibo level

... and the result of example

37

Hello,

I‌ like the pivot indicator, but is there a way to remove the words, "yesterday, today and open" of the chart.

T‌hank You‌,

G‌uy.

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iggi7213:

I‌ like the pivot indicator, but is there a way to remove the words, "yesterday, today and open" of the chart.

Oh sure.

Correct code:

Line 270: SetTimeLine("YesterdayStart", "yesterday", idxfirstbarofyesterday, CadetBlue, level - 4*Point);

Line 271: SetTimeLine("YesterdayEnd", "today", idxfirstbaroftoday, CadetBlue, level - 4*Point);

Line 327: SetLevel("T\'s Open", today_open, Orange, LineStyle, LineThickness, startofday);

37

Aleh Sasonka:
Oh sure.

Correct code:

Line 270: SetTimeLine("YesterdayStart", "yesterday", idxfirstbarofyesterday, CadetBlue, level - 4*Point);

Line 271: SetTimeLine("YesterdayEnd", "today", idxfirstbaroftoday, CadetBlue, level - 4*Point);

Line 327: SetLevel("T\'s Open", today_open, Orange, LineStyle, LineThickness, startofday);