OPEN-SOURCE SCRIPT
GFG Pure Pivot Line by Agaam
**GFG Pure Pivot Line by Agaam**
**Description**
GFG Pure Pivot Line by Agaam is a simple, clean price-action indicator that plots the classic pivot line directly on the chart.
The pivot is calculated using the previous selected timeframe’s High, Low, and Close:
**Pivot = (Previous High + Previous Low + Previous Close) / 3**
By default, the indicator uses the daily timeframe, meaning today’s pivot is based on yesterday’s High, Low, and Close. Traders can change the pivot timeframe in the settings.
**How to Use**
The pivot line acts as a market balance level.
When price is trading above the pivot, the market may have a bullish bias and traders may prefer looking for long setups.
When price is trading below the pivot, the market may have a bearish bias and traders may prefer looking for short setups.
When price is moving around the pivot, the market may be undecided, choppy, or preparing for a larger move.
This indicator works best when combined with other confirmations such as trend, support and resistance, supply and demand zones, volume, VWAP, MACD, or price-action confirmation.
**Features**
* Classic price pivot line
* Uses previous High, Low, and Close
* Adjustable pivot timeframe
* Custom line color
* Adjustable line thickness
* Solid, dashed, or dotted line style
* Optional pivot label
* Clean chart design with no extra clutter
**Disclaimer**
This indicator is for educational and informational purposes only. It is not financial advice, investment advice, or a buy/sell recommendation. Trading involves risk, and past performance does not guarantee future results. Always use proper risk management and make your own trading decisions.
**Description**
GFG Pure Pivot Line by Agaam is a simple, clean price-action indicator that plots the classic pivot line directly on the chart.
The pivot is calculated using the previous selected timeframe’s High, Low, and Close:
**Pivot = (Previous High + Previous Low + Previous Close) / 3**
By default, the indicator uses the daily timeframe, meaning today’s pivot is based on yesterday’s High, Low, and Close. Traders can change the pivot timeframe in the settings.
**How to Use**
The pivot line acts as a market balance level.
When price is trading above the pivot, the market may have a bullish bias and traders may prefer looking for long setups.
When price is trading below the pivot, the market may have a bearish bias and traders may prefer looking for short setups.
When price is moving around the pivot, the market may be undecided, choppy, or preparing for a larger move.
This indicator works best when combined with other confirmations such as trend, support and resistance, supply and demand zones, volume, VWAP, MACD, or price-action confirmation.
**Features**
* Classic price pivot line
* Uses previous High, Low, and Close
* Adjustable pivot timeframe
* Custom line color
* Adjustable line thickness
* Solid, dashed, or dotted line style
* Optional pivot label
* Clean chart design with no extra clutter
**Disclaimer**
This indicator is for educational and informational purposes only. It is not financial advice, investment advice, or a buy/sell recommendation. Trading involves risk, and past performance does not guarantee future results. Always use proper risk management and make your own trading decisions.
オープンソーススクリプト
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。