OPEN-SOURCE SCRIPT
QuickPivot Zones
**Pivot Levels with Auto Support & Resistance**
This custom Pine Script indicator calculates and displays **pivot points** on your chart, offering automatic detection of potential support and resistance levels. The script calculates regular and "quick" pivot levels, allowing traders to visualize areas where price might reverse or consolidate.
### Key Features:
- **Customizable Source**: Choose whether to base pivots on `High`, `Low`, or `Close` price data.
- **Pivot Calculation**: Identifies pivot highs and lows, offering insights into possible support and resistance zones.
- **Quick Pivot Option**: Offers quicker reaction to market changes with smaller pivot calculation intervals.
- **Dynamic Levels**: Automatically updates and plots dynamic levels of support and resistance.
- **Clear Visualization**: Quickly spot key levels on the chart with distinct plot styles and shapes.
- **Flexible Inputs**: Adjust the pivot sensitivity using `left`, `right`, and `quick_right` parameters for fine-tuned results.
### Usage:
- **Pivot Points** are often used by traders to identify reversal zones or potential breakouts. This indicator will help you spot significant price levels that may impact future price movements.
- **Quick Pivot** mode provides faster updates for short-term traders or during volatile market conditions.
### Ideal For:
- **Day Traders**: Traders seeking quick and responsive pivot points.
- **Swing Traders**: To monitor key support and resistance areas for medium-term trades.
- **Price Action Traders**: Traders relying on price movements and levels without relying on traditional indicators.
Start using **Pivot Levels with Auto SR** to improve your technical analysis and decision-making process today!
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This custom Pine Script indicator calculates and displays **pivot points** on your chart, offering automatic detection of potential support and resistance levels. The script calculates regular and "quick" pivot levels, allowing traders to visualize areas where price might reverse or consolidate.
### Key Features:
- **Customizable Source**: Choose whether to base pivots on `High`, `Low`, or `Close` price data.
- **Pivot Calculation**: Identifies pivot highs and lows, offering insights into possible support and resistance zones.
- **Quick Pivot Option**: Offers quicker reaction to market changes with smaller pivot calculation intervals.
- **Dynamic Levels**: Automatically updates and plots dynamic levels of support and resistance.
- **Clear Visualization**: Quickly spot key levels on the chart with distinct plot styles and shapes.
- **Flexible Inputs**: Adjust the pivot sensitivity using `left`, `right`, and `quick_right` parameters for fine-tuned results.
### Usage:
- **Pivot Points** are often used by traders to identify reversal zones or potential breakouts. This indicator will help you spot significant price levels that may impact future price movements.
- **Quick Pivot** mode provides faster updates for short-term traders or during volatile market conditions.
### Ideal For:
- **Day Traders**: Traders seeking quick and responsive pivot points.
- **Swing Traders**: To monitor key support and resistance areas for medium-term trades.
- **Price Action Traders**: Traders relying on price movements and levels without relying on traditional indicators.
Start using **Pivot Levels with Auto SR** to improve your technical analysis and decision-making process today!
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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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