PROTECTED SOURCE SCRIPT
Dynamic Pivot Point
This indicator calculates and displays dynamic pivot points (Pivot, Support, and Resistance levels) based on a selected timeframe. These levels help traders identify potential price reversal zones, support/resistance, and trend direction.
it calculates:
Support Levels (S1, S2, S3)
Resistance Levels (R1, R2, R3)
Dynamic Feature:
a pivot defined period ( default = 5). you can change .
You can choose a specific timeframe (pivotTimeFrame) for calculating pivot levels (e.g., Daily, Weekly, etc.).
Visibility Toggle:
You can turn the pivot levels on or off using the input toggle.
Color Scheme:
Pivot Line: White
Support Levels: Green (S1, S2, S3)
Resistance Levels: Red (R1, R2, R3)
How to Trade With It:
1. Support and Resistance Reversals:
Buy near support levels (S1, S2, S3) if price shows bullish reversal signals.
Sell near resistance levels (R1, R2, R3) if price shows bearish reversal signals.
2. Breakout Trading:
Break above R1/R2/R3 with strong volume may indicate a bullish breakout — consider long positions.
Break below S1/S2/S3 may signal a bearish breakout — consider short positions.
3. Trend Confirmation:
If price stays above Pivot and supports hold — trend is likely bullish.
If price stays below Pivot and resistances hold — trend is likely bearish.
it calculates:
Support Levels (S1, S2, S3)
Resistance Levels (R1, R2, R3)
Dynamic Feature:
a pivot defined period ( default = 5). you can change .
You can choose a specific timeframe (pivotTimeFrame) for calculating pivot levels (e.g., Daily, Weekly, etc.).
Visibility Toggle:
You can turn the pivot levels on or off using the input toggle.
Color Scheme:
Pivot Line: White
Support Levels: Green (S1, S2, S3)
Resistance Levels: Red (R1, R2, R3)
How to Trade With It:
1. Support and Resistance Reversals:
Buy near support levels (S1, S2, S3) if price shows bullish reversal signals.
Sell near resistance levels (R1, R2, R3) if price shows bearish reversal signals.
2. Breakout Trading:
Break above R1/R2/R3 with strong volume may indicate a bullish breakout — consider long positions.
Break below S1/S2/S3 may signal a bearish breakout — consider short positions.
3. Trend Confirmation:
If price stays above Pivot and supports hold — trend is likely bullish.
If price stays below Pivot and resistances hold — trend is likely bearish.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.