After all, the trading community encouraged us to create this indicator because they know our team pays the HIGHEST level to detail and efficiency in all that we create!

As you’ll soon learn, our pivot indicator is far superior to average pivot technology, with numerous filters and action levels. This tool was created for large caps, small caps, and everything in between! Lets begin!

WHAT IS A PIVOT POINT?

Pivots serve as one of the highest utilized markets tools by retail traders, joining the ranks of the Moving Average, RSI (Relative Strength Index), VWAP (Volume Weighted Average Price) and others.

A pivot is a technical analysis tool that aims to identify the most likely area in a chart that price will respect. This could mean price moving towards a pivot, rejecting a pivot, bouncing from a pivot, etc.

The pivot point(s) in a chart are a SIGNIFICANT area in which price ‘pings’ to and from. Think of it as a ‘control’ point. Pivot tools can be very insightful, but they can also be upgraded with filters – and thats where PIVOT PRO comes in!

HOW IT WORKS?

As with all ScriptsToTrade products, we aim to give our clients the most user friendly experience. Many of our tools are ‘plug and play’ items. We wanted to continue this approach with PIVOT PRO!

This indicator was created to identify the most important intraday levels of interest in a stock, based on its premarket and opening range action. We included many filters to achieve the fantastic analysis the PIVOT PRO can offer!

1.) Simply load the PIVOT PRO onto your TradingView chart using the 1 minute chart. 10 minutes after market open, the most important pivot levels based on our data will appear. These levels are STATIONARY! Meaning they do NOT repaint (NONE of our indicators do)

2.) Combine PIVOT PRO levels with existing chart information such as the daily chart levels, and any important support and resistance levels in premarket.

3.) Use PIVOT PRO to add conviction to your existing trade plan, and to identify levels that you may not have noticed before.

4.) Take NOTES! What does price do when it reaches the pivots? How can I use this tool to increase my edge, filter my setups or to help manage risk?

The possibilities are ENDLESS! Simply load the PIVOT PRO on any chart in your watchlist and our technology goes to work!

Grab your copy of PIVOT PRO today and start your journey of superior pivot analysis!

Created For: Small Caps, Large Caps

Time Frame: Intraday. (1 and 5 Minutes Charts Recommended)

Note: This Indicator is for entertainment purposes only and is not a recommendation to buy or sell a security

PIVOTS PRO UPDATE

NEW FEATURES

  • MORE AREAS (4)
  • STATISTICS
  • PREVIOUS DAY’S PIVOTS

MORE AREAS

  • The previous version had 2 zones, now it has 4 zones.
  • In the indicator’s properties you can choose which zones you want to see.

STATISTICS

  • The new version comes with the stock’s past behavior statistics, where:

The first 8 statistics tell us the percentage of times that the stock did not go above the resistances R1,R2,R3,R4 on the day as well as the statistics that the stock did not go below the supports S1,S2, S3,S4 on the day .

The last 4 statistics indicate the percentage of times that the stock closed the day (4pm EAST) between zones R1-S1, R2-S2, R3-S3 and R4-S4.

PREVIOUS DAY’S PIVOTS

  • In the indicator’s properties you can choose if you want to see current day’s pivots, previous day’s pivots or both
  • The previous day’s pivots have pink lines to be able to differentiate them from current’s day pivots.

THE PIVOT PRO ‘S COLORS AND STYLES LINES CAN BE CHANGED IN THE INDICATOR’S PROPERTIES – STYLE TAB

Examples

Shopping Cart
Verified by MonsterInsights