OPEN-SOURCE SCRIPT
RVC-Trade-With-Pivot-Levels
How to Use PIVOT Levels for Trading
Always remember ->: *Trade with trend*
About script:
1. Daily and Weekly close above Pivot Level.
-- Sentiment is highly positive. Pivot Level acts as strong support.
2. Daily Close above Pivot and Weekly Close Below Pivot
-- Sentiment is positive.Weekly Pivot Level may act as strong resistance.
3. Daily close below Pivot and weekly close above Pivot
-- Sentiment is negative but weekly Pivot Level can acts as strong support.
4. Daily and Weekly Close below Pivot Level
-- Sentiment is highly Negative. Pivot Level acts as strong resistance.
BUY/SELL -- ENTRY
BUY ABOVE 23.6% UPWARD
IF Trend is positive and price cross and sustains above 23.6%(R1) upside, then it will be entry from BUY perspective.
If R1 is entry, R2/R3/R4/R5 ... will be targets.
SELL Below 23.6% Downward
IF Trend is negative and price cross and sustains below 23.6%(S1) downside, then it will be entry from SELL perspective.
If S1 is Sell side entry, S2/S3/S4/S5 will be targets.
Before taking ENTRY on BUY or SELL Side, please know your risk levels, Stop Loss and trade EXECUTION process.
Finally:
My view is my view and remains with me only. Once you accept it and trade it, it becomes your view. So credit or blame all yours.:)
Always remember ->: *Trade with trend*
About script:
1. Daily and Weekly close above Pivot Level.
-- Sentiment is highly positive. Pivot Level acts as strong support.
2. Daily Close above Pivot and Weekly Close Below Pivot
-- Sentiment is positive.Weekly Pivot Level may act as strong resistance.
3. Daily close below Pivot and weekly close above Pivot
-- Sentiment is negative but weekly Pivot Level can acts as strong support.
4. Daily and Weekly Close below Pivot Level
-- Sentiment is highly Negative. Pivot Level acts as strong resistance.
BUY/SELL -- ENTRY
BUY ABOVE 23.6% UPWARD
IF Trend is positive and price cross and sustains above 23.6%(R1) upside, then it will be entry from BUY perspective.
If R1 is entry, R2/R3/R4/R5 ... will be targets.
SELL Below 23.6% Downward
IF Trend is negative and price cross and sustains below 23.6%(S1) downside, then it will be entry from SELL perspective.
If S1 is Sell side entry, S2/S3/S4/S5 will be targets.
Before taking ENTRY on BUY or SELL Side, please know your risk levels, Stop Loss and trade EXECUTION process.
Finally:
My view is my view and remains with me only. Once you accept it and trade it, it becomes your view. So credit or blame all yours.:)
開源腳本
在真正的TradingView精神中，這個腳本的作者以開源的方式發佈，這樣交易員可以理解和驗證它。請向作者致敬！您可以免費使用它，但在出版物中再次使用這段程式碼將受到網站規則的約束。 您可以收藏它以在圖表上使用。
想在圖表上使用此腳本？
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。