Multi Pivot Points - All in One Indicator

The Multi Pivot Points - All in One Indicator tool provides a comprehensive solution for traders to overlay multiple pivot point variations across two distinct timeframes simultaneously. It allows for the identification of high-probability support and resistance zones through the confluence of different pivot methodologies like Fibonacci, Floor Traders, and Camarilla.

Usage

The Usage section highlights how traders can utilize these levels for various market strategies. By enabling multiple pivot types, users can look for "confluence zones" where levels from different timeframes or types align, often indicating stronger price rejection or attraction areas.

• Multi-Timeframe Analysis: Set a lower timeframe (e.g., Daily) and a higher timeframe (e.g., Weekly) to see how short-term levels interact with long-term trends.
• Visual Customization: Each timeframe has independent settings for line style (Solid, Circles, Cross) and width to easily distinguish between different levels on the chart.
• Historical vs. Current: Use the "Show Only Last Period" toggle to focus on active levels or keep historical levels visible to study past price reactions.

Details

This indicator calculates levels based on the previous period's high, low, and close prices via request.security.

• Fibonacci Pivots: Uses standard Fibonacci ratios (configurable in settings) applied to the previous period's range.
• Floor Traders: Classic pivot point calculations including Central Pivot Range (CPR) components like Top Central (TC) and Bottom Central (BC).
• Camarilla: Focuses on levels closer to the previous close, often used for mean reversion or breakout strategies.

Settings

Lower/Higher Timeframe Pivots

• Time Frame: Determines the period used for pivot calculations (D, W, M, etc.).
• Show Only Last Period: When enabled, only the most recent pivot levels are displayed.
• Line Style/Width: Controls the visual appearance of the plots for that specific timeframe.
• Fibonacci/Camarilla/Floor Trader's: Toggles the visibility of specific pivot calculation methods.

Fibonacci Levels

• F1 - F5: Customizable decimal values for the Fibonacci ratios used in the Fibonacci Pivot calculations (defaults: 0.382, 0.618, 1.0, 1.382, 1.618).

FAQ

How do I use these levels for day trading?

Traders often use the Daily pivots on lower-timeframe charts (like 5m or 15m) to find intraday targets and entries.

Can I see multiple pivot types at once?

Yes, you can enable Fibonacci, Camarilla, and Floor Traders simultaneously, though it is recommended to use different line styles to keep the chart clean.

How can I access Multi Pivot Points?

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