Pivot Points Indicator
The Pivot Points is a technical indicator for the cTrader platform that automatically calculates and displays pivot points as trendlines on the chart.
Key Features:
🎯 Pivot Types:
- Standard Pivot Points
- Fibonacci Pivot Points
- Woodie Pivot Points
- Camarilla Pivot Points
📊 Levels:
- Central Pivot Point (PP) - yellow
- Resistance levels (R1, R2, R3) - red
- Support levels (S1, S2, S3) - green
⚙️ Customizable Settings:
- Timeframe: Daily, weekly, or other timeframe selection
- Line style: Thickness (1-5) and type (solid, dashed, etc.)
- Positioning: Line start time and length
- Colors: Each level's color individually adjustable
- Labels: Toggle text labels on/off
💡 Usage:
The indicator calculates pivot levels based on the previous period's (day/week) high, low, close (and open) values, which identify key support and resistance areas for the next trading period.
Ideal for swing and day traders who apply strategies based on technical levels.
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Da 05/01/2025
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