Pivot Support/Resistance Bands

Pivot Support/Resistance Bands

It derives from the indicator at https://www.prorealcode.com/prorealtime-indicators/pivot-support-resistance-zones/, following a request from a user’s comment at that indicator.

It simply uses an MA (Ema by default) to build bands and a middle line based on those pivots segments, according to the chosen periods.

It’s quite self-explanatory.

In the attached screnshot there are 3 pics:

  • Original indicator (left)
  • Bands built on a   2-period Ema (upper right)
  • Bands built on a 50-period Ema (lower right)

 

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ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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