INTRODUCTION:
Compared to all the Pivot Indicators available on Trading View Public Library, this Floor Pivots Indicator differentiates itself in two major original ways:
Dilates the Pivot Support/Resistance Levels into Support/Resistance Bands based on volatility
Displays the S/R Levels Dynamically , that is, only those levels will be shown that are...
This indicator is created with the purpose of bringing all the indicators mentioned in "SECRETS OF PIVOT BOSS" with a neat presentation of pivot points for trading and back-testing purpose. The plots will be shown till the end of the session.
Nothing else apart from indicators mentioned in "SECRETS OF PIVOT BOSS" were added in this indicator.
All the formulae...
The basic idea of the ‘Dynamic Pivot Box’ is to show only the Pivots that are closer to the Price. This is, the nearest pivots acting as support and resistance; thus hiding all other pivots which are further away from the price and also hiding the pivots from previous periods… Pivots will be hidden until price breaks out from the current box and moves to the...
Basic Pivot points.
Script is easy to modify to personal requirements, and explained step-by-step on Kodify.com.
Original script credits: Kodify.com (kodify.net)
![NIFTY: [CP]Pivot Boss Floor Pivots with ATR Dilation and Dynamic Levels](https://s3.tradingview.com/b/bC2dFgXw_mid.png "[CP]Pivot Boss Floor Pivots with ATR Dilation and Dynamic Levels")
