Pivot Points *MTC* — Indicator by Alex_Chart

pivotpointsandlevels pivot levels supports

This is a pivot point indicator of supports, projected over time. It shows the user all the possible supports from PP to S5, helping the trader to easily identify the possible landing zones of the price. Through the settings it is possible to show the traditional pivots or the Fibonacci pivots, it is also possible to choose whether to display only the prices or also the lines. Again through the settings it is possible to modify the graphics of lines and labels to your liking and choose whether to display the pivots of the daily timeframe (D) or those of the weekly timeframe (W), directly in your favorite timeframe for consulting the graphs.
Finally, it is possible to set alerts at the touch of each single level in progress, in order to always have the price under control.
Combine it with your trading tools and it will be a guide to action for you!

Release Notes:

updated to pine script v5

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Alex_Chart for more information, or follow the author's instructions below.

Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Author's instructions

Through the settings it is possible to show the traditional pivots or the Fibonacci pivots and the timeframe D or W. It is possible to set alerts at the touch of each single level in progress, in order to always have the price under control.

Want to use this script on a chart?

Warning: please read before requesting access.