MG - Multiple time frame pivot alert - 1.0 — Indicator by mgibson91

pivotpoints fibonacciretracement fibonacciextension pivot pivothigh pivotlow

Indicator currently allows pivots from two time frames (ideally a trading time frame and a higher time frame) to be specified.

In the example, the 1H time frame is being used for entries using the 4H time frame (8 candles pivot width = 2 4H candles) as the trading time frame and the daily chart (48 candles pivot width = 2 daily candles) as the higher time frame.

This allows one to visually higher time frame Fibonacci swings and allows them to accurately perform Fibonacci analysis without having to switch to a higher time frame

Release Notes:

Added entry time frame (can be stopped in display settings)

The main reason is you may want to trading the 1H chart with the 4H chart as your higher time frame but still want to see the daily chart pivots

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

Want to use this script on a chart?