PivotLevels is a technical indicator for the cTrader platform that automatically calculates and displays pivot points as trendlines on trading charts. It supports multiple pivot point calculation methods, including Standard, Fibonacci, Woodie, and Camarilla pivots. The indicator plots key levels such as the Central Pivot Point (PP) in yellow, resistance levels (R1, R2, R3) in red, and support levels (S1, S2, S3) in green.
Users can customize various settings, including the timeframe for pivot calculation (daily, weekly, or others), line style (thickness and type), line positioning (start time and length), colors for each level, and the option to toggle text labels on or off. The pivot levels are derived from the previous period’s high, low, close, and open prices, helping identify potential support and resistance zones for the upcoming trading period.
This indicator is suitable for traders who use technical levels in their strategies, particularly swing and day traders. It supports multiple markets such as forex, indices, commodities, cryptocurrencies, and stocks.