Pivot Points [KrisWaters] vX by DGT (Russian version)

The Pivot Points [KrisWaters] vX by DGT indicator is a comprehensive multi-tool designed to provide technical analysis across multiple timeframes, featuring various pivot point calculations and integrated oscillators. It serves as an all-in-one workstation for traders who rely on structural support/resistance and technical momentum.

Usage

The tool functions by calculating and displaying pivot points based on Higher Timeframe (HTF) data. Users can choose from several calculation methods to suit their strategy:

• Pivot Methods: Includes Camarilla, DeMark, Fibonacci, Floor, Swing, Woodie, and Previous HTF High/Low.
• Central Pivot Range (CPR): Provides a central range display to identify the core value area of a given period.
• Visual Extensions: Pivot lines can be extended across the chart for better historical context.
• Technical Panel: A statistics panel and technical meter provide a summary of current market conditions, including ADX/DMI for trend strength and Price/MA volatility.
• Add-on Integrations: The script can overlay Ichimoku Clouds, Bollinger Bands, and Logistic EMA (LEMA) directly on the price action.
• Lower Oscillators: Integrated RSI, Stochastic, and MACD components are included to confirm momentum without cluttering the main chart with multiple separate indicators.

Details

The script uses an automated HTF selection method by default, which scales the reference timeframe based on the current chart (e.g., Daily pivots on a 1-hour chart). It implements a Logistic EMA (LEMA), which uses price change ratios to weight the moving average calculation differently than a standard EMA. The "Volume Weighted Colored Bars" feature uses a standard deviation of volume to highlight high-activity periods with specific bar coloring, helping to identify institutional interest or exhaustion.

Settings

Main Settings

• Display Pivots: Selects the mathematical model for pivot calculation (e.g., Fibonacci, Floor).
• HTF Method: Choose between 'Auto' detection or 'User Defined' timeframes.
• Extend Lines: Toggles the horizontal extension of pivot levels.
• Technical Meter/Stats Panel: Toggles for the informational UI elements.

Add-ons

• ADX/DMI: Settings for trend strength thresholds and smoothing.
• Price/MA Volatility: Configures the moving average length and standard deviation bands.
• Volume Weighted Bars: Adjusts the sensitivity of volume-based bar coloring.
• Ichimoku/BB/LEMA: Individual toggles and period settings for these overlay tools.

Oscillators

• RSI/Stochastic/MACD: Standard configuration inputs for the integrated oscillator panel, including lengths and overbought/oversold thresholds.

FAQ

How do I interpret the different pivot types? Each method has a different focus; for example, Camarilla is often used for mean reversion, while Fibonacci pivots are popular for identifying trend extensions.

Can I use this for intraday trading? Yes, the "Auto" HTF method ensures that even on 1-minute or 5-minute charts, you are seeing relevant higher-level structural points.

How do I get access to the indicator? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.