Description
Professional Pivot Points indicator using Standard Deviation, with 5 support levels (S1–S5) and 5 resistance levels (R1–R5), fully customizable. Works on all timeframes and updates only after candle close.
Full Description:
This powerful indicator calculates Pivot Points using Standard Deviation to give precise support and resistance levels for any chart. It is fully customizable and designed for clarity and ease of use.
Features:
- Supports all timeframes: 5m, 15m, 30m, 1H, 2H, 4H, 6H, 8H, 12H, Daily, Yearly.
- 5 Resistance levels (R1–R5) and 5 Support levels (S1–S5), plus the Pivot Point (PP).
- Customizable colors for each level via drop-down menus.
- Adjustable line length according to number of candles (
LineLength). - Adjustable line thickness for Pivot, Support, and Resistance lines.
- Updates levels only after candle close, avoiding movement during formation.
- Labels on each line showing name and price..
- Clean, professional design suitable for all types of trading: Forex, Stocks, Crypto, and CFDs.
How to Use:
- Apply the indicator to your chart.
- Set Multiplier to control the Standard Deviation calculation..
- Choose colors for each level using drop-downs.
- Adjust line thickness as needed.
- Indicator updates automatically after each candle closes.
Perfect for:
- Identifying key support and resistance levels.
- Trading on any timeframe.
- Combining Pivot Points with Standard Deviation for more precise entries and exits.
Summary
AI summary
PV SD is a professional pivot points indicator that calculates support and resistance levels using standard deviation. It provides 5 support levels (S1–S5), 5 resistance levels (R1–R5), and a central pivot point (PP) for any chart. The indicator supports all timeframes, from 5 minutes up to yearly, and updates levels only after each candle closes to avoid intra-candle fluctuations.
Key features include customizable colors for each level, adjustable line length based on the number of candles, and configurable line thickness for pivot, support, and resistance lines. Each level is clearly labeled with its name and price for easy reference. The design is clean and professional, suitable for various trading markets such as Forex, stocks, cryptocurrencies, and CFDs.
To use, apply the indicator to a chart, set the multiplier to control the standard deviation calculation, choose colors, and adjust line thickness as needed. The indicator automatically updates after candle close, helping traders identify precise support and resistance levels for any timeframe.
Key features include customizable colors for each level, adjustable line length based on the number of candles, and configurable line thickness for pivot, support, and resistance lines. Each level is clearly labeled with its name and price for easy reference. The design is clean and professional, suitable for various trading markets such as Forex, stocks, cryptocurrencies, and CFDs.
To use, apply the indicator to a chart, set the multiplier to control the standard deviation calculation, choose colors, and adjust line thickness as needed. The indicator automatically updates after candle close, helping traders identify precise support and resistance levels for any timeframe.
Indicator profile
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Since 15/10/2025