let me intoduce you pivot boxes. New features of pinescript that allows to render boxes enabled to highlight pivot zone. Range high or low is defined by pivot high or low and rangeLow and RangeHigh are defined by close of following candle.
It has two settings that you can change at your will, it also enables hide/show particular pivot setting
Great work Imatyl. I use pivot points to create supply and demand zones. Is it possible to automatically create a box triggered when there is a a break above or below a pivot point with the box drawn on the bar immediately preceding the breakout bar and the box coloured green for up or red for down?
lmatl
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@aads, thank you for a tip. Dm me with the chart how you would like the boxes being drawn I could make another indicator
biggerthantheuniverse
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Great tool thank you. Is there a way to change the pivot point to the last opposing candle as opposed to the first candle?
The_Bull_Trader
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Nice work, I use Camarilla Pivot L3 and the value of bollinger basis to draw boxes. Can this process be automated?