Pivot Points with MID Levels

17 Jun

This indicator shows the Standard Pivot Points level based on daily values that can act as support and resistance. It is used by a variety of traders around the world. You can select which time frame Pivot Point Levels you'd like. Daily, weekly etc... Perfect for swing trading or day trading.

Pivot Points- Shows 3 levels of resistance, the Pivot Point and 3 levels of support
(R3, R2, R1, PIVOT POINT, S1, S2, S3

MID Levels- The MID levels are 50% retracement from the pivot point level above it and below
Example- R3, MID, R2, MID, R1, MID, PIVOT POINT, MID, S1, MID, S2, MID, S3

With this indicator you will also have the option to show the Previous days High and Low that are also important levels. On gap up/down days it is always interesting to see if price will close the gap, hence the important level to note.

PDH= Previous Days High
PDL= Previous Days Low

I have added a feature that you can now select specific color to each level and the line style for each level to help understand which levels are being show by personal needs.

Happy Trading

27 Jun

Nota Keluaran

This indicator shows the Standard Pivot Points level based on daily values that can act as support and resistance. It is used by a variety of traders around the world. You can select which time frame Pivot Point Levels you'd like. Daily, weekly etc... Perfect for swing trading or day trading.

Pivot Points- Shows 3 levels of resistance, the Pivot Point and 3 levels of support
(R3, R2, R1, PIVOT POINT, S1, S2, S3

MID Levels- The MID levels are 50% retracement from the pivot point level above it and below
Example- R3, MID, R2, MID, R1, MID, PIVOT POINT, MID, S1, MID, S2, MID, S3

With this indicator you will also have the option to show the Previous days High and Low that are also important levels. On gap up/down days it is always interesting to see if price will close the gap, hence the important level to note.

PDH= Previous Days High
PDL= Previous Days Low

I have added a feature that you can now select specific color to each level and the line style for each level to help understand which levels are being show by personal needs.


UPDATE:
Added option to choose line thickness.
For those of you that would like to have 2 sets of Pivot Points such as one for the Daily Levels and the other for the Weekly Levels it will make it easier to see which level is what... As the example shows the Daily pivot Points can be set to "1" thickness and the weekly can be set with "4" thickness...

Happy Trading

25 Jul

Nota Keluaran

Added R4mid, R4, R5mid, R5 and S4mid, S4, S5mid, S5
Also Removed PDH/PDL

28 Ogo

Nota Keluaran

Added Central Pivot Range "CPR"

Labels on chart shows as follow

TC = Top Central
BC = Bottom Central

NOTE !!!
if not desired please go to the colors option and bring it down to 0%