This tool simultaneously processes pivot points (standard) calculated on different timeframes, and plots the nearest and the next-nearest ones with respect to the current price. The indicator can be used as a part of a trading strategy, for example, to select stop loss and target prices, identify potential support and resistance levels, etc. Optionally, it also gives signals when the price breaks one of the nearest levels.
Input Description
In the input, you can specify the type of pivot point. Available options:
Traditional
Fibonacci
Woodie
Classic
DeMark
Camarilla
Available timeframes (can be chosen simultaneously): 1Y, 1M, 1W, 1D. Please note that data from timeframes equal to or lower than the timeframe of the chart will be omitted. For example, daily pivots will not appear on the daily chart.
Output Description
In the chart, labels contain information about the timeframe, for instance: “DS1” denotes the first daily S level, S1; "MR2" denotes the second the monthly R level; "YP" corresponds to the yearly pivot point.
The labels corresponding to the next-nearest levels are shown in parentheses.
Hi. I cannot believe I missed this, thanks a lot for sharing it. If I may have one (well two) request. Would you consider adding an option to display only the current lines and not the historical ones? Any chance you may consider adding future (projected) pivots? Thanks again.
Vishant_Meshram
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How to fill color between two nearest multi timeframe pivots. I would highly appreciate your help/ guidance. Thanks.
slowcoconut
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Its great, well done tbik...
cmaindranilbasu05
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IS THIS REPAINTS?
henryph24
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beautiful <3 thank you dear
tbiktag
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@hpq2412, you are welcome!
Ether2020
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Thanks so much! Another amazing tool to experiment with!
MTF is the very best confirmation in all kind of trading so well done!
tbiktag
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@Ether2020, you are welcome! And thanks for the feedback!