Dynamic Pivot Point

This indicator calculates and displays dynamic pivot points (Pivot, Support, and Resistance levels) based on a selected timeframe. These levels help traders identify potential price reversal zones, support/resistance, and trend direction.

it calculates:

Support Levels (S1, S2, S3)

Resistance Levels (R1, R2, R3)

Dynamic Feature:

a pivot defined period ( default = 5). you can change .

You can choose a specific timeframe (pivotTimeFrame) for calculating pivot levels (e.g., Daily, Weekly, etc.).

Visibility Toggle:

You can turn the pivot levels on or off using the input toggle.

Color Scheme:

Pivot Line: White

Support Levels: Green (S1, S2, S3)

Resistance Levels: Red (R1, R2, R3)

How to Trade With It:
1. Support and Resistance Reversals:

Buy near support levels (S1, S2, S3) if price shows bullish reversal signals.

Sell near resistance levels (R1, R2, R3) if price shows bearish reversal signals.

2. Breakout Trading:

Break above R1/R2/R3 with strong volume may indicate a bullish breakout — consider long positions.

Break below S1/S2/S3 may signal a bearish breakout — consider short positions.

3. Trend Confirmation:

If price stays above Pivot and supports hold — trend is likely bullish.

If price stays below Pivot and resistances hold — trend is likely bearish.