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Pivot Full

Pivot Full is an efficient indicator defining key daily, weekly and monthly horizontal support and resistance levels. The symbol price bounces back when reaching support and resistance levels. The stronger the level, the less likely a breakthrough. A breakthrough indicates the power of bulls or bears.

Indicator type: level

The indicator is recommended for Forex day trading on H4, D1, and W1.


Parameters

  • DaysBack = 1;
  • Use_Sunday_Data = False (enable/disable weekends);
  • Daily = True;
  • Daily_SR_Levels = True (enable/disable levels);
  • Daily_Mid_Levels = False;
  • Weekly = True (enable/disable week);
  • Weekly_SR_Levels = False;
  • Weekly_Mid_Levels = False;
  • Monthly = True (enable/disable month);
  • Monthly_SR_Levels = False;
  • Monthly_Mid_Levels = False;
  • Daily_Pivot = Magenta (daily level color);
  • color Daily_S_Levels = Red (support level);
  • color Daily_R_Levels = LimeGreen (resistance level);
  • color Daily_Mid_Level = LightSalmon;
  • color Weekly_Pivot = Aqua (weekly level color);
  • color Weekly_S_Levels = SteelBlue (support color);
  • color Weekly_R_Levels = Peru (resistance color);
  • color Weekly_Mid_Level = LightPink;
  • color Monthly_Pivot = Gray (monthly level color);
  • color Monthly_S_Levels = Orange (support color);
  • color Monthly_R_Levels = Blue (resistance color);
  • color Monthly_Mid_Level = LightSalmon;
  • comments = "Comments on true or false" (message in the window);
  • CommentsOn = false (enable/disable).
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