YAPS!….yet another pivot study. Folks are requesting these so I keep doing them…. In this particular case we have a study that looks at the monthly, weekly, and daily pivot levels, makes a comparison and only plots the levels that are within a specified percentage of each other. In other words, we are looking for confluences of the various time-frame pivots as more likely to provide support and resistance.
Pivot Confluence
Do you have a TOC or Volume Profile confluence script?
No John, interesting idea though….
-Eric