Pivot Points [FSL]

Pivot Points [FSL] Indicator Description
This indicator provides a comprehensive suite of pivot point calculations and moving average overlays, designed to assist traders in identifying potential support and resistance levels.

Key Features:

Pivot Point Calculations:

• Offers six pivot point calculation methods: Traditional, Fibonacci, Woodie, Classic, DM, and Camarilla.
  
• Allows flexible pivot timeframe selection, including Auto (adapts to chart timeframe), Daily, Weekly, Monthly, Quarterly, Yearly, Biyearly, Triyearly, Quinquennially, and Decennially.
  
• Provides the option to use daily-based values for pivot calculations, even on intraday charts.
  
• Displays a user-defined number of historical pivot point levels.
  
• Allows customization of the colors and display of each pivot level (P, S1-S5, R1-R5).
  
• Allows to show labels and prices of each pivot level, and to change the labels position (Left or Right).
  

Allow

s to change the line width of the pivot levels.
Moving Average Overlays:
In

• cludes Exponential Moving Averages (EMA) for 25, 50, and 100 periods.
  
• Displays Volume Weighted Average Price (VWAP).
  
• Allows individual toggling of each EMA and VWAP display.
  
• Allows to ch
  

ange the line width of the moving averages.
Customization:
Extensi

• ve input options for tailoring the indicator to individual trading preferences.
  
• Clear and organized settings groups for easy adjustment.
  
• Error management, that shows clear messages when there is not enough data to calculate the pivot poin
  

ts.
How to Use:

Select Pivot Type: Choose the desired pivot point calculation method.
Set P

• ivot Timeframe: Select the timeframe for pivot calculations. Auto mode dynamically adjusts to the chart.
  
• Adjust Historical Pivots: Specify the number of historical pivot levels to display.
  
• Configure Moving Averages: Toggle and customize the EMA and VWAP overlays.
  
• Customize Pivot Levels: Adjust colors, visibility, and labels for each pivot level.
  
• Analyze and Trade: Use the displayed pivot levels and moving averages to identify potential support, re
  

sistance, and trend direction.
Benefits:

• Provides a versatile tool for identifying potential trading opportunities.
  
• Offers a wide range of customization options to suit various trading styles.
  
• Combines pivot points and moving averages for enhanced analysis.
  
• Helps traders to have a clear view of the support and resistance levels, and the trend direction.
  
• Helps to avoid errors by showing clear messages.