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Dynamic Pivot Tracker Multi-Period - TradingED

The "Dynamic Pivot Tracker Multi-Period" is an advanced tool designed for traders who require a detailed, multi-layered view of pivot levels across multiple time frames from a single chart. This indicator uses dynamic calculations to identify and connect high and low pivot points, aiding traders in pinpointing potential support and resistance areas and making informed decisions based on significant market structural changes.
Key Features:
Practical Applications:
This indicator is ideal for day traders, swing traders, and technical traders looking to integrate pivot analysis into their trading methodology, offering a robust and customizable tool to enhance market decision-making.
Key Features:
- Flexibility of Periods: Users can define pivot lengths for up to four different periods, ranging from as short as minutes to as long as days, allowing complete customization based on the trader's needs.
- Dynamic Pivot Length Calculation: Utilizes a specialized function to adjust pivot length based on the selected time unit, ensuring pivot detection is relevant to the current time context.
- Pivot Point Detection: Calculates and plots high and low pivots for each defined period using the pivothigh and pivotlow function for optimum accuracy.
- Dynamic Line Management: The indicator dynamically manages the lines connecting pivots, removing old ones before plotting new to keep the chart clean and up-to-date.
- Crossover Alerts: Set up automatic alerts to notify users when the price crosses above or below a pivot level, which may be indicative of an entry or exit opportunity.
- Customizable Display Options:
- Show Fractals: Option to visualize or hide fractals, which can indicate price reversal points.
- Show Lines: Toggle the display of lines connecting the pivots, making it easier to visualize trends and ranges.
- Show Pivots: Allows users to choose whether or not to see pivot points marked directly on the chart.
Practical Applications:
- Trend Analysis: By observing how the price interacts with pivots across different periods, traders can gain a deeper understanding of market direction.
- Support and Resistance Identification: Pivot levels can act as zones of support or resistance, providing key points for stop placement or profit taking.
- Optimization of Entries/Exits: Crossover alerts provide timely signals to enter or exit positions based on significant price movements.
This indicator is ideal for day traders, swing traders, and technical traders looking to integrate pivot analysis into their trading methodology, offering a robust and customizable tool to enhance market decision-making.
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除非您完全信任其作者並了解腳本的工作原理,否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Send DM to get access.
提醒:在請求訪問權限之前,請閱讀僅限邀請腳本指南。
We are a community of Traders interested in applying adequate Risk Management for Financial Markets.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本,且通常需付費。您可以將此腳本加入收藏,但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情,請依照作者說明或直接聯繫Trading_ED。
除非您完全信任其作者並了解腳本的工作原理,否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Send DM to get access.
提醒:在請求訪問權限之前,請閱讀僅限邀請腳本指南。
We are a community of Traders interested in applying adequate Risk Management for Financial Markets.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。