OPEN-SOURCE SCRIPT
Pivot Points | Falcon AI
Draws Classic and Camarilla pivot levels from the previous period's high, low and close, on a daily or weekly anchor.
Classic pivots give you the central pivot plus three supports and three resistances, derived from the standard published formula. Camarilla uses a tighter multiplier set, so its levels sit closer to price and are read differently: the inner pair as mean-reversion boundaries, the outer pair as breakout markers. Both are drawn from the same prior-period data, so you can see where the two frameworks agree or disagree on a given day.
Levels are drawn as extended lines with optional labels and refresh automatically when a new period begins. You can show either set on its own or both together, and switch the anchor between daily and weekly. Only the current period extends to the right and carries labels, so the chart stays readable as history builds.
Settings: pivot period (Daily / Weekly), method (Classic / Camarilla / Both), include current unclosed period on or off, how many R/S pairs to show, periods of history to keep drawn, colours, widths, label side, info panel.
A note on repainting: by default the levels come from the last CLOSED period and stay fixed all session. Turning on "Include current (unclosed) period" deliberately opts into levels that move as the period develops.
This script does NOT place trades, does NOT backtest, and contains no entry, stop, or position-sizing logic. It draws reference levels and nothing more. Your entry, your risk.
Educational tool only. Not financial advice and not a recommendation to buy or sell. Past price behaviour around any level does not predict future behaviour.
Classic pivots give you the central pivot plus three supports and three resistances, derived from the standard published formula. Camarilla uses a tighter multiplier set, so its levels sit closer to price and are read differently: the inner pair as mean-reversion boundaries, the outer pair as breakout markers. Both are drawn from the same prior-period data, so you can see where the two frameworks agree or disagree on a given day.
Levels are drawn as extended lines with optional labels and refresh automatically when a new period begins. You can show either set on its own or both together, and switch the anchor between daily and weekly. Only the current period extends to the right and carries labels, so the chart stays readable as history builds.
Settings: pivot period (Daily / Weekly), method (Classic / Camarilla / Both), include current unclosed period on or off, how many R/S pairs to show, periods of history to keep drawn, colours, widths, label side, info panel.
A note on repainting: by default the levels come from the last CLOSED period and stay fixed all session. Turning on "Include current (unclosed) period" deliberately opts into levels that move as the period develops.
This script does NOT place trades, does NOT backtest, and contains no entry, stop, or position-sizing logic. It draws reference levels and nothing more. Your entry, your risk.
Educational tool only. Not financial advice and not a recommendation to buy or sell. Past price behaviour around any level does not predict future behaviour.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
📊 Falcon AI — World's most transparent algo trading service ·Automated Futures strategies · 14-day Setup Guarantee. Free community & live results → thefalconai.com
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
📊 Falcon AI — World's most transparent algo trading service ·Automated Futures strategies · 14-day Setup Guarantee. Free community & live results → thefalconai.com
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.