Abid Elite Manual Pivot Points

This indicator is designed to help traders visualize key manually defined price levels—namely resistance, pivot, and support levels—on their charts during a specified trading session. Here’s an overview of what it does and how it’s used:


**Key Features**

1. **Manual Input of Pivot Levels**
- **Resistance Levels:** You can input up to five resistance levels (R1 through R5).
- **Pivot Level:** A single pivot level (P) is defined as a central point.
- **Support Levels:** You can also input up to five support levels (S1 through S5).
These levels are manually set by the trader based on areas of interest or historical price action.

2. **Session-Based Display**
- The indicator uses a session input (for example, 0400–2000) so that it only displays and tracks the levels during the active trading session.
- At the start of each new session, the indicator resets certain persistent states, ensuring that levels are evaluated freshly each day.

3. **Drawing Horizontal Lines and Labels**
- For each level that you’ve set and enabled (via visibility toggles), the indicator draws a horizontal line across the chart starting from the session’s beginning and extending a few bars ahead.
- Next to each line, a label displays the level’s name (e.g., “R1”) and its price value.

4. **Persistent “Crossed” Marker (🎯)**
- The script checks whether the current bar’s price range (its high and low) “crosses” any of the defined levels.
- If a level is crossed at any point during the session, the indicator sets a persistent flag for that level.
- In the label for that level, a “🎯” emoji is appended—this marker remains visible for the rest of the session even if subsequent bars no longer cross the level.
- Importantly, while the marker is persistent once set, the line and label’s appearance (such as transparency or color intensity) continues to update based on the price’s behavior on the current bar.

5. **Customization Options**
- **Appearance:** Users can choose line colors, line style (solid, dashed, or dotted), and line width for each group of levels.
- **Label Colors:** Separate color settings for the text on the labels ensure clear readability.
- **Visibility Toggles:** You can individually enable or disable the display of each level (R1–R5, P, S1–S5) depending on your analysis needs.

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**Usage and Benefits**

- **Support and Resistance Analysis:**
The indicator serves as a visual tool for tracking critical price levels. Traders use these levels to anticipate potential areas of price reversal or consolidation.

- **Session-Based Insights:**
By confining the analysis to a specific session, you can better understand intraday price behavior. The persistent “🎯” marker shows which levels have been tested during the session, helping you gauge the strength of support or resistance.

- **Manual Flexibility:**
Unlike automatic pivot point calculators that derive levels from previous price action, this indicator lets you input your own significant levels based on your strategy, technical analysis, or market experience.

- **Visual Clarity:**
The combination of lines, labels, and the persistent marker makes it easy to quickly identify which key levels have been breached. This can inform decisions about entries, exits, or stop-loss placements.

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**In Summary**

The **Abid Elite Manual Pivot Points** indicator is a customizable, session-based tool for plotting and monitoring user-defined support, resistance, and pivot levels. It not only draws these levels on the chart but also visually flags (with a “🎯”) any level that gets crossed during the session. This helps traders to quickly recognize important price interactions and make more informed trading decisions based on technical analysis.

If you have any further questions about its functionality or how to integrate it into your trading strategy, feel free to ask!