Custom Gold Pivot Levels

This indicator plots custom resistance and support levels based on a central Ziro Pivot Level. The levels are adjusted dynamically based on whether you're preparing for a Buy or Sell trade. The script allows you to set percentage-based levels for both resistance and support, making it a versatile tool for traders.

Features:

Pivot Level: Set the central pivot level (Ziro Pivot) around which resistance and support levels are calculated.

Dynamic Resistance & Support Levels: Input your preferred percentages for Resistance 1, Resistance 2, Support 1, and Support 2.

For Buy: Resistance levels are higher, and support levels are lower.

For Sell: Resistance levels are adjusted lower, and support levels are adjusted higher.

Label Display: The indicator will display a Buy label in green above the pivot level or a Sell label in red below the pivot level, depending on the trade type you select.

Adjustable Parameters:

Ziro Pivot Level: Set the central pivot level.

Resistance & Support Levels: Adjust resistance and support levels using percentages.

Trade Type: Choose between "Buy" and "Sell" to dynamically adjust resistance and support levels.

Inputs:
1- Trade Type: Select between Buy or Sell to set the relevant resistance and support levels.

Ziro Pivot Level: Set the main pivot level around which all other levels are calculated.

Resistance Level 1 & 2: Input percentages for Resistance 1 and Resistance 2.

Support Level 1 & 2: Input percentages for Support 1 and Support 2.

How to Use:
1- Select "Buy" or "Sell" from the input options.

For Buy: The indicator will plot higher resistance levels and lower support levels.

For Sell: The indicator will plot lower resistance levels and higher support levels.

2- Adjust the Pivot Level: Set the central pivot level for the levels to be calculated around.

3- Adjust the Resistance & Support Percentages: Modify the resistance and support levels to fit your trading strategy.

4- Visual Feedback: The indicator will show a Buy label in green above the pivot level or a Sell label in red below the pivot level, making it easy to identify the trade direction at a glance.

Use Cases:
Gold & Commodity Trading: This tool is particularly useful for traders working with commodities like gold, where pivot levels can help determine potential price action points.

Swing & Day Trading: The dynamic nature of this indicator makes it great for both swing and day traders who want to monitor short-term market movements.

Support and Resistance Strategy: Traders who rely on support and resistance levels to make buy/sell decisions can use this indicator to automate and visualize these levels more effectively.