DF - Pivot S/R Lines

6 saat önce

**DF - Pivot S/R Lines**

**Description:**
The "DF - Pivot S/R Lines" indicator dynamically identifies key support and resistance levels using advanced pivot detection algorithms. It calculates pivot points over a configurable timeframe (e.g., 60-minute, daily) and uses factors such as price proximity, touch counts, and expiration periods to determine significant levels.

**Key Features:**
- **Customizable Timeframe:** Select the timeframe for pivot calculations to suit your trading strategy.
- **Configurable Parameters:** Adjust sensitivity with inputs for left/right bars, minimum touches, line proximity percentage, and expiration days.
- **Dynamic Level Drawing:** Automatically draws support/resistance lines on the chart when conditions are met.
- **Alert Notifications:** Generates alerts when the price nears a key pivot level, helping you catch potential reversal or breakout opportunities.
- **Pivot Expiration:** Pivots older than a specified number of days are removed, keeping the chart relevant and uncluttered.

**Usage:**
Once added to your TradingView chart, the indicator will plot dynamic support and resistance lines based on historical price action. Users can adjust input parameters to fine-tune the sensitivity and timeframe of the pivot detection. Alerts notify traders when the price approaches these key levels, facilitating timely decision-making.

This tool is ideal for traders looking to identify and react to critical support and resistance zones using a robust pivot analysis.

6 saat önce

Sürüm Notları

**DF - Pivot S/R Lines**

**Description:**
The "DF - Pivot S/R Lines" indicator dynamically identifies key support and resistance levels using advanced pivot detection algorithms. It calculates pivot points over a configurable timeframe (e.g., 60-minute, daily) and uses factors such as price proximity, touch counts, and expiration periods to determine significant levels.

**Key Features:**
- **Customizable Timeframe:** Select the timeframe for pivot calculations to suit your trading strategy.
- **Configurable Parameters:** Adjust sensitivity with inputs for left/right bars, minimum touches, line proximity percentage, and expiration days.
- **Dynamic Level Drawing:** Automatically draws support/resistance lines on the chart when conditions are met.
- **Alert Notifications:** Generates alerts when the price nears a key pivot level, helping you catch potential reversal or breakout opportunities.
- **Pivot Expiration:** Pivots older than a specified number of days are removed, keeping the chart relevant and uncluttered.

**Usage:**
Once added to your TradingView chart, the indicator will plot dynamic support and resistance lines based on historical price action. Users can adjust input parameters to fine-tune the sensitivity and timeframe of the pivot detection. Alerts notify traders when the price approaches these key levels, facilitating timely decision-making.

This tool is ideal for traders looking to identify and react to critical support and resistance zones using a robust pivot analysis.