Pivot Levels [BigBeluga]

🔵 OVERVIEW
The Pivot Levels [BigBeluga] indicator automatically detects and draws key market pivot levels across multiple sensitivity settings. Each pivot level represents a significant local high or low in price structure, acting as potential zones of support and resistance. Traders can visualize short-, medium-, and long-term pivot layers simultaneously, helping to identify where price may react, reverse, or break out.

🔵 CONCEPTS

• Different pivot lengths provide multi-length sensitivity on the same timeframe — shorter lengths detect local micro-swings, while longer lengths capture broader swing structure within the current chart.
  
• ATR-based color logic marks active, bullish, or bearish pivot zones dynamically.
  
• Lines can extend to the right or both sides to track reactions over time.
  

🔵 FEATURES

• Detects up to four custom pivot levels simultaneously.
  
• Each pivot level has independent settings for length, style, and extension mode.
  
• Auto-colors each pivot as support (green), resistance (orange), or active zone (blue).
  
• Displays dual-width line layers: a solid base and a transparent overlay for visual depth.
  
• Dynamic price labels show exact pivot levels for clarity.
  
• Fully customizable line styles: dashed (--), solid (-), or dotted (..).
  
• Extends lines to the right for future reaction tracking or both directions for structure alignment.
  

🔵 HOW TO USE

• Enable or disable pivot levels (1–4) to control how many layers of structure you want visible.
  
• Use shorter pivot lengths for intraday turning points and longer ones for macro structure.
  
• Watch for multiple pivot lines clustering in the same region — these often mark strong reversal zones.
  
• Observe color changes: green = support, orange = resistance, blue = active neutral zone.
  
• Combine with price action or volume analysis to confirm reactions near major pivots.
  

🔵 CONCLUSION
The Pivot Levels [BigBeluga] indicator provides a clean, multi-layered visualization of market structure.
By tracking pivots of varying lengths, traders can easily identify overlapping support and resistance regions, gauge breakout strength, and align trades with the dominant structural zones visible across multiple time horizons.