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Pivot Cluster

30 USD

Demo downloaded: 183

Published: 10 August 2017

Current version: 1.0

Pivot Cluster

Indicators
Christian Berggruen
Version: 1.0
Activations: 5

Pivot points are prominent lines which are based on the course itself to determine possible support and resistance.

Unfortunately there is more than one method to calculate them.

Considering the different pivot points, (e.g. Fibonacci pivots) you can see some commonalities at some prices.

In this case you can see possible support and resistance zones better.

This indicator allows you to see these zones. It shows you the pivot points with classic and Fibonacci calculation to determine these zones.

Additional it shows you the statistical bandwidth and its extension.

Functions

Classic pivot points on daily and weekly base
Fibonacci pivot points on daily and weekly base
Statistical Bandwidth on daily and weekly base
Statistical Bandwidth Extension on daily and weekly base
Configuration of line styles
Configuration of colors
Set single functions on or off

Important parameters

Next to the parameters for colours and line styles there are some more

Classic = switch for classic daily pivot s/r lines
Fibonacci = switch for Fibonacci daily pivot s/r lines
W1Classic = switch for classic weekly pivot s/r lines
W1Fibonacci = switch for Fibonacci weekly pivot s/r lines
Bandwidth = switch for the daily bandwidth
W1Bandwidth = switch for the weekly bandwidth
HiLoExtension = switch for the show/hide the extensions for the weekly AND daily bandwidth
Pivots = switch for pivot points
DaysToLookBack = amount of days in the past to calculate the statistical bandwidth and extension

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