Author:
Bill Halliday
For a long time, I relied on the Standard Pivot Points for my trading. While they served their purpose, I always felt they were a bit too spaced out to be truly effective. Then, I stumbled upon a different approach called Camarilla Level Pivot Points.
If you're curious about the definitions of these Pivot Point lines, you can check them out at this link.
However, I noticed one calculation that didn’t sit right with me—the Pivot Point (PP) calculation. They typically use the same formula as the Standard Pivot Point, but I prefer a different approach: PP = (R1 + S1) / 2. This formula centers the pivot between the other key points, making it more relevant for my trading strategy.
Now, onto some concerns I’ve been facing while developing this program. First off, the last color setting for the indicator isn’t appearing in the indicator's property colors list. Secondly, I've noticed that the lines don’t extend to cover the last few price bars, which is a bit frustrating.
If anyone has insights or feedback on the code, I’d love to hear your thoughts!
- Make sure to check that all settings are correct.
- Keep an eye on how these pivots perform in your trading.
- Don’t hesitate to reach out for any tips or advice!
Happy trading!
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