PivotMap is a lightweight indicator that automatically plots horizontal support and resistance levels based on pivot points across multiple timeframes. It is designed to help traders quickly identify potential price barriers for breakout or reversal trades.
Feature | Description |
---|---|
➤ Multi-Timeframe | Toggle individual timeframes on or off via the settings. |
➤ Custom Pivot Depth | Set how many bars to consider on either side of a pivot. Allows finer control for responsiveness: lower depth = more sensitive levels. |
➤ Dynamic Lookback | Each timeframe has a maximum number of bars to scan for pivots. Ensures higher timeframe pivots don’t rely on outdated data. |
➤ Resistance Lines | Resistance lines in Red clearly labeled. These lines automatically update to reflect the most recent pivot points. |
➤ Support Lines | Support lines in Blue clearly labeled. These lines automatically update to reflect the most recent pivot points. |
➤ Clustered Lines | If more than one support or resistance lines are close together it displays them as 1 line which we call a clustered line. Clearly marked in Orange (Res) or LightBlue (Sup). These lines automatically update to reflect the most recent pivot points. |
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