Auto Pivot Points

The Auto Pivot Points indicator calculates and plots dynamic pivot levels, support, and resistance lines that automatically adjust based on your current chart timeframe or a user-defined custom timeframe. This tool helps traders identify potential reversal zones and trend continuation points by providing a structured view of price action across various periodicities.

Usage

The indicator can be used to identify key intraday or swing levels where price might react. Users can leverage the automatic timeframe selection to ensure the pivots remain relevant as they switch from lower to higher timeframes.

• Standard Pivot Trading: Use the central Pivot Point as a trend filter; prices above the pivot suggest bullish sentiment, while prices below suggest bearish sentiment.
• Support & Resistance: Utilize R1, R2, R3 and S1, S2, S3 for potential profit targets or entry zones.
• Volume-Based Fractal S/R: The script includes circles representing support and resistance based on volume peaks at fractals, providing additional confirmation of liquidity zones.
• Historical Reference: Toggle Yesterday’s High, Low, and Close to see how current price action relates to the previous session's range.

Details

The script offers two primary modes for pivot calculation:

1. Auto Mode: Automatically selects the source timeframe for the pivot calculation based on your current chart interval (e.g., using a Daily anchor for intraday charts or a Weekly anchor for daily charts).
2. Custom Mode: Allows the user to manually lock the pivot anchor to a specific timeframe (e.g., 4H, Daily, Weekly) regardless of the chart interval.

Calculations support both Standard Pivot formulas and Fibonacci-based levels. The fractal S/R feature uses a volume Moving Average to filter for significant price turns, ensuring only high-conviction levels are displayed.

Settings

Support / Resistance - Volume Fractal

• Support / Resistance - Based On Volume At Fractal: Toggles the display of fractal-based S/R circles.
• Support / Resistance - Volume MA: Sets the length for the volume moving average used to filter fractal significance.
• Invert Colors: Swaps the default colors for the fractal support and resistance levels.

Session Levels

• Todays Open / Yesterdays Close: Displays a line at the previous day's closing price.
• Yesterdays High: Displays a line at the previous day's highest price.
• Yesterdays Low: Displays a line at the previous day's lowest price.

Pivot Configuration

• Auto Pivots: Enables the automatic timeframe selection logic for pivot levels.
• Custom Pivots: Enables pivots based on a specific user-selected timeframe.
• Custom Pivot Timeframe: Selects the anchor timeframe for custom pivots (e.g., D, W, M).
• Line Width For Pivots: Adjusts the visual thickness of the pivot lines.
• Use Fibonacci Pivots Instead: Switches the calculation method from Standard to Fibonacci ratios (0.382, 0.618, 1.0).

Visibility

• Show R1/R2/R3 & S1/S2/S3: Individual toggles for each resistance and support level.
• Show Mid Pivots: Toggles visibility for the midpoints between standard pivot levels (e.g., Mid Pivot - Pivot / R1).
• Show Pivot Point: Toggles the main central pivot line.

FAQ

How do I access Auto Pivot Points?

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

What is the difference between Standard and Fibonacci pivots?

Standard pivots use traditional floor-trader math based on the previous period's high, low, and close, while Fibonacci pivots apply specific Golden Ratio percentages to the previous period's range.

Why do the lines disappear when I change timeframes?

If "Auto Pivots" is enabled, the script recalculates the anchor timeframe to suit your view. If the lines are not visible, ensure the "Auto Pivot for..." settings in the inputs menu match your desired behavior for that specific interval range.