OPEN-SOURCE SCRIPT
Pivot Points + SMA_v2
updated the Pivot line and breakoutFeatures:
🔴 Pivot Highs and 🔵 Pivot Lows drawn as dashed horizontal lines.
🏷️ Optional price labels for pivots (toggle on/off).
📈 Breakout alerts trigger only when price crosses above the latest pivot high or crosses below the latest pivot low.
▲ Green arrow for bullish breakout, ▼ Red arrow for bearish breakdown (toggle on/off).
📊 Dashboard panel summarizing latest pivot values, SMA status, and breakout condition, with adaptive background colors (green bullish, red bearish, gray neutral).
📉 Second Salary Strategy: SMA‑30 vs SMA‑40 crossover with a BUY arrow when a green candle follows three consecutive red candles and SMA‑30 > SMA‑40.
🔔 Configurable alerts for pivot breakouts and BUY signals. arrow
🔴 Pivot Highs and 🔵 Pivot Lows drawn as dashed horizontal lines.
🏷️ Optional price labels for pivots (toggle on/off).
📈 Breakout alerts trigger only when price crosses above the latest pivot high or crosses below the latest pivot low.
▲ Green arrow for bullish breakout, ▼ Red arrow for bearish breakdown (toggle on/off).
📊 Dashboard panel summarizing latest pivot values, SMA status, and breakout condition, with adaptive background colors (green bullish, red bearish, gray neutral).
📉 Second Salary Strategy: SMA‑30 vs SMA‑40 crossover with a BUY arrow when a green candle follows three consecutive red candles and SMA‑30 > SMA‑40.
🔔 Configurable alerts for pivot breakouts and BUY signals. arrow
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.