Simple DeMark Pivot Points (Combined Daily+Weekly+Monthly)

yeungshawn Pro+ 已更新   
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.
I don't like many indicator lines crossing my screen everywhere, just as some Pivot Point indicators did, i would rather to keep it neat and clean.

So I wrote this simple DeMark pivot point indicator, gathering all daily/weekly/monthly pivot point , but just dots, without any lines, to keep your screen as clean as possible.
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.
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 quite importantly, daily candle built based on the intraday data with the Last price IS DIFFERENT FROME the Settle.

I replace the D with 1440 in the script, making the daily PP more accurate. But Weekly and monthly PP is still not as accurate as daily.


本着真正的TradingView精神,该脚本的作者将其开源发布,以便交易者可以理解和验证它。为作者喝彩!您可以免费使用它,但在出版物中重复使用此代码受网站规则的约束。 您可以收藏它以在图表上使用。