Pivot Bsquad (Traditional and Fibonacci)

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Pivot Bsquad (Traditional & Fibonacci) - XAUUSD Scalping Indicator

The Pivot Bsquad Indicator is designed to provide high-precision support and resistance levels for scalping on XAUUSD (Gold). This tool combines Traditional Pivot Points and Fibonacci-based Pivot Points to help traders identify key price levels where reversals or breakouts are likely to occur.

Key Features:
1. Dual Pivot Calculation Modes:

• Traditional Pivots: Calculated using classic formulas based on high, low, and close values, ideal for broader support and resistance zones.
  
  
• Fibonacci Pivots: Incorporates Fibonacci ratios for more dynamic and nuanced levels, perfect for intraday scalping.
  

2. Color-Coded Zones:

• Clear visual representation of support (S1, S2, S3) and resistance (R1, R2, R3) levels.
  
• Enhanced with key pivot lines for quick decision-making.
  

3. Scalping-Friendly Design:

Optimized for short timeframes (e.g., 1-minute to 15-minute charts).
Highlights high-probability zones for reversals or continuation patterns.

4. Customizable Settings:

• Toggle between Traditional and Fibonacci pivots to suit your trading style.
  
• Adjustable timeframes for pivot calculation (Daily, Weekly, Monthly).
  

Ideal For

• Scalpers looking to capitalize on XAUUSD's volatility.
  
• Intraday traders who rely on precise support and resistance levels.
  
• Technical traders seeking a reliable confluence of pivot strategies.
  

How to Use:

Select your preferred pivot mode (Traditional or Fibonacci) in the settings.
Observe price action around pivot levels for potential entry and exit points.
Use in conjunction with momentum oscillators or candlestick patterns for confirmation.
Note: While this indicator provides a solid framework for scalping, always consider risk management practices and market conditions.