With the unique feature of showing support and resistance zones for the day that don’t repaint, our Pivots Pro Indicator sets itself apart from the competition. Get a clear advantage in the market with a tool that provides reliable, up-to-date information and helps you make informed decisions. Get started now and take your trading to the next level with our Pivota Pro Indicator.
WHAT IS A PIVOT POINT?
Pivots have become a staple in the toolkit of many retail traders, alongside other popular indicators like Moving Average, RSI (Relative Strength Index), and VWAP (Volume Weighted Average Price).
Pivot Pro are a type of technical analysis tool used to identify key areas in a chart where price is likely to move towards, reject, or bounce from. These pivot points are considered significant because price tends to move back and forth from them. In other words, they act as a “control” point.
While pivot tools can be very useful, they can also be enhanced with filters. This is where our custom Pivot Pro indicator comes in! With its advanced features and filters, it is designed to help traders get a better understanding of the market and make more informed decisions. Upgrade your trading strategy with Pivot Pro today!
HOW IT WORKS?
At ScriptsToTrade, we believe in making trading accessible and user-friendly for everyone. That’s why we designed our Pivot Pro tool with simplicity and ease-of-use in mind. With just a few clicks, you can easily integrate this powerful tool into your trading strategy and start taking advantage of its advanced features and insights. Whether you’re a seasoned trader or just starting out, Pivot Pro is the perfect choice for anyone looking to elevate their trading game.
The PIVOT PRO indicator is the perfect solution for traders looking to stay ahead of the game and make informed decisions. With its advanced analysis of premarket and opening range actions, this indicator provides crucial insights into a stock’s intraday activity. The addition of multiple filters ensures that the analysis delivered by PIVOT PRO is of the highest quality, providing traders with an unparalleled level of accuracy and confidence. Whether you’re a seasoned trader or just starting out, PIVOT PRO is a must-have tool in your trading arsenal.
1.) With the PIVOT PRO, you can easily enhance your trading experience by loading it onto your TradingView chart using the 1-minute chart. Within just 10 minutes after market open, the most relevant pivot levels, derived from our in-depth analysis, will appear on your chart. These levels are not only reliable but also stationary, meaning they do not change or repaint. This is a feature that is consistent with all our indicators, as we strive to deliver non-repainting and accurate analysis to our clients
2.) Enhance your trading strategy by combining the PIVOT PRO levels with other essential information from your chart, such as daily chart levels and premarket support and resistance levels.
3.) With PIVOT PRO, you can take your trading to the next level by supplementing your existing trade plan with insightful pivot analysis. This tool allows you to pinpoint the most crucial intraday levels of interest in a stock, based on its pre-market and opening range action. Whether you’re an experienced trader or just starting out, PIVOT PRO can help you identify levels you may have overlooked and increase your confidence in making trades. Upgrade your trading strategy with PIVOT PRO today!
4.) Make a habit of jotting down observations when price approaches or reaches PIVOT PRO levels. This will help you determine how this tool can be used to give you an edge, filter your trades, and manage risk effectively. Keep track of patterns and behaviors in price action, and use that information to make more informed trades in the future.
With the PIVOT PRO, your trading options are limitless! Effortlessly add it to any chart in your watchlist and watch as it transforms your trading approach with its advanced technology. Get ready to unlock new opportunities and reach your trading goals.
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 latest iteration of our PIVOT PRO now includes a comprehensive analysis of the stock’s historical performance. The first 8 statistics offer a detailed insight into the stock’s behavior relative to the key resistance and support levels (R1, R2, R3, R4 and S1, S2, S3, S4) on any given day. These statistics indicate the frequency at which the stock did not exceed the resistance levels or dip below the support levels.
- Additionally, the last 4 statistics show the percentage of times that the stock closed within the designated zones (R1-S1, R2-S2, R3-S3, and R4-S4) at the end of each day (4pm Eastern time). This valuable information provides traders with a clear understanding of the stock’s past behavior, allowing for informed decision-making.
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
