What is Pivot Points? Pivot points are used by traders in equity and commodity exchanges. They're calculated based on the high, low, and closing prices of previous trading sessions, and they're used to predict support and resistance levels in the current or upcoming session. These support and resistance levels can be used by traders to determine entry and exit...
Pivot points based on VWAP values instead of OHLC
Simply input the vales of the high, low and closing price of the previous period to calculate the Woodie pivot point and the associated resistance and support levels for the present period. You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.
Simply input the vales of the high, low and closing price of the previous period to calculate the Woodie pivot point and the associated resistance and support levels for the present period.