TS_Pivot is a trading indicator designed to analyze the previous session's price action across multiple timeframes, ranging from 15 minutes to one month. It calculates pivot points based on the highest and lowest prices of the prior session, with a default setup optimized for a 5-minute chart and a 4-hour pivot interval looking back 20 hours. This configuration suits daily traders, while swing traders can adjust the pivot interval to fit their style, with other settings adapting automatically.
Key features include the integration of order blocks and trend lines derived from previous session data. Order blocks identify potential support and resistance zones, aiding in spotting possible price reversals or continuations. The indicator automatically generates trend lines for the selected timeframe, helping traders assess market structure and potential price direction. Visualizing these trend lines across multiple timeframes enhances market analysis.
TS_Pivot can be used alongside complementary tools such as OrderPrice V3, NTMPICLL, Range Box Level, RangeBoxFibonacci, Market Session, MacdVolume, and 4MA to refine entry and exit decisions. By combining moving averages and order block signals, traders can identify optimal moments to open buy or sell positions. The indicator supports various markets including Forex, cryptocurrencies, commodities, indices, and stocks.