A slimmed down/cleaner version of the "Pivot Points Standard" indicator. This is for Camarilla pivots only. The S and R pivots are renamed to L/H and the colors of pivot 1 and 2 are faded out by default since those pivots are less used in the Camarilla trading system. They can also be disabled of course.
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Added extra H6/L6 pivots for strong trend moves/breakouts.
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Added optional setting for showing CPR (Central Pivot Range) and added line style customization.
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Added a separate setting for displaying "number of CPR back" so that you can display previous CPRs without displaying previous pivots. Useful for checking two-day relationships between CPRs which can give you a directional bias as discussed in Franklin Ochoa's book "Secrets of a pivot boss". For example if the CPR of the current day is higher than yesterday's CPR and price opened above today's CPR that will generally give you a bullish bias for the day (and same for weekly, monthly pivots etc). There are 7 different types of two-day pivot relationships, I recommend you to read the book or do some research online to learn more.
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Added an option for showing next period's pivots and CPR based on current data (it will change as price moves during the day)
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Added alert support and new options to enable or disable alert for different pivots
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Added new optional setting for showing middle lines in between pivots
@MasuodHed, thank you very much! Glad you like it.
panyedi
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It looks great and worked great for me. But I want to make a small change. I got much better results when I applied a similar change to another platform. But I have very little knowledge of pinescript at the moment. Can you help with this?
@chipmonk, Thank you for the quick response. I want the simple average of the closing price of each camarilla level relative to the price of the previous close.
chipmonk
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@panyedi, like a moving average for each pivot level? Do you have an example? You can PM if easier.
panyedi
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@chipmonk, Was my last comment deleted? I can't send you a message, how can I reach you?
chipmonk
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@panyedi, not sure, I didn't see it, but you can direct message me by going to my profile and clicking message.
panyedi
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@chipmonk, I sent you a message as you said hello, but I still haven't received a reply. I'm not sure my messages have reached you.