Pivot Lines Indicator
Pivot points are important to traders as they are used to identify support and resistance levels at which price levels could break or reverse.
This indicator allows the user to view Monthly, Weekly or Daily Pivot on a chart with the same time frame or different time frames. It is designed to be simple, straightforward,easy to use and neat looking on a chart.
Yet it is undeniable that is is a very powerful tool.
It has 3 settings that makes it versatile for short term and long term trades. For a clean looking chart, users can choose to view only the most recent pivot points.
The continuous version joins the mid pivot point from the previous periods. There is also a setting for a continuous version of all pivot points.
Features of this indicator:
1. Move Labels away from the Y axis if there is an overlap of labels.
2. Load indicator multiple times on the chart, each indicator with different settings.
3. Change Label font.
4. Extend the Pivot lines to be short or long.