OPEN-SOURCE SCRIPT
Ultra Key Levels
The "Ultra Key Levels" indicator is a powerful tool designed for traders who seek to identify critical price levels in the market. This Pine Script™ indicator is optimized to plot significant pivot highs and lows directly on your chart, providing a clear visual representation of potential support and resistance zones.
Pivot Detection: Automatically identifies and marks pivot highs and lows using customizable parameters. Traders can fine-tune the length of the pivots, allowing for precise detection of significant price points.
Dynamic Boxes: The indicator draws dynamic boxes around each identified pivot high and low, highlighting key levels. These boxes are adjusted based on the Average True Range (ATR), ensuring they reflect the current market volatility.
Pivot Highs/Lows: Control the appearance and behavior of pivot points with options to adjust source data, length, transparency, and the maximum number of pivots displayed on the chart.
ATR Multiplier: Set the ATR multiplier to determine the size of the boxes around pivot points, helping you assess the strength of each level.
Debug Mode: Activate debug mode to visualize pivot points and fine-tune your settings for optimal performance.
Scalability: Supports up to 500 boxes, making it suitable for both short-term and long-term traders who need to track multiple levels across different timeframes.
The "Ultra Key Levels" indicator is ideal for traders who rely on technical analysis to make informed decisions. By automatically identifying and highlighting key price levels, this tool helps you anticipate potential market movements and optimize your trading strategy.
Pivot Detection: Automatically identifies and marks pivot highs and lows using customizable parameters. Traders can fine-tune the length of the pivots, allowing for precise detection of significant price points.
Dynamic Boxes: The indicator draws dynamic boxes around each identified pivot high and low, highlighting key levels. These boxes are adjusted based on the Average True Range (ATR), ensuring they reflect the current market volatility.
Pivot Highs/Lows: Control the appearance and behavior of pivot points with options to adjust source data, length, transparency, and the maximum number of pivots displayed on the chart.
ATR Multiplier: Set the ATR multiplier to determine the size of the boxes around pivot points, helping you assess the strength of each level.
Debug Mode: Activate debug mode to visualize pivot points and fine-tune your settings for optimal performance.
Scalability: Supports up to 500 boxes, making it suitable for both short-term and long-term traders who need to track multiple levels across different timeframes.
The "Ultra Key Levels" indicator is ideal for traders who rely on technical analysis to make informed decisions. By automatically identifying and highlighting key price levels, this tool helps you anticipate potential market movements and optimize your trading strategy.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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