OPEN-SOURCE SCRIPT
Floor Pivots With CPR and Camarilla 3 Levels
This script plots floor pivots with the central pivot range and camarilla R3/S3 pivots, to spot with ease the Golden Pivot Zone (GPZ). As described in the book *Secret of a pivot Boss* by Franklin Ochoa, the Golden Pivot Zone occurs when R3 or S3 pivot from the Camarilla Equation or from lies within the central pivot range. This combination can be simply profitable.
A bearish GPZ occurs when R3 of the Camarilla Equation is mixed within the central pivot range, therefore we should look for sells in that zone.
A bullish GPZ occurs when S3 of the Camarilla Equation is mixed within the central pivot range, therefore we should look for buys in that zone.
Here are some examples on Gold
Good luck !
Ps* i got part of the code from cristian.d script
A bearish GPZ occurs when R3 of the Camarilla Equation is mixed within the central pivot range, therefore we should look for sells in that zone.
A bullish GPZ occurs when S3 of the Camarilla Equation is mixed within the central pivot range, therefore we should look for buys in that zone.
Here are some examples on Gold
Good luck !
Ps* i got part of the code from cristian.d script
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Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.