Overview

Advanced Pivot Levels (BUNDLE) is a cutting-edge tool tailored for active traders and investors seeking precise market insights. This indicator calculates pivot levels based on the previous day, week, month, quarter and year’s high, low, and close prices, offering actionable support and resistance zones in real time. Designed for accuracy and adaptability, it empowers traders to navigate volatile intraday markets with confidence.

Plot

Suitable for day trading, swing trading, position trading and investing purposes, I personally suggest to plot the five indicators on the suitable timeframe to trade.

Key features

• Precision entry points: Focused on multiple timeframes pivot levels for both long and short-term trading.
• Real-time adaptation: Adjusts dynamically to market movements and volatility.
• Zero lag: Provides actionable data instantly, without delays.
• Versatility: Suitable for all instruments, including stocks, forex, and futures.

Benefits for traders

• Identify critical support and resistance levels with accuracy.
• Anticipate potential breakout or reversal zones.
• Enhance trade timing with reliable pivot-based signals.
• Analyze from short to long-term market trends and structure for strategic decision-making.

How it works 

This set of indicators calculate yearly/quarterly/monthly/weekly and daily pivot levels derived from the previous year, quarter, month, week and day high, low, and close prices respectively. The levels include:

• Core Pivot levels: Central Pivot (CP), Top Pivot (TP), and Bottom Pivot (BP), which combined form the Central Pivot Range (CPR)
• Resistance levels: R25, R50, R75, R100, as the previous year’s range bullish extensions
• Support levels: S25, S50, S75, S100, as the previous year’s range bearish extensions

These levels act as critical decision-making zones for any kind of trader, highlighting areas where market participants are likely to react.

Settings

HLC: Plot the high, low and close of the previous period (year/quarter/month/week/day)

CPR: Plot the Central Pivot Range based on high, low and close of the previous period (year/quarter/month/week/day)

EXTENSIONS: Plot the previous period (year/quarter/month/week/day)  range extensions

LABELS: Plot the labels of the levels above

NEXTCPR: Plot the developing Central Pivot Range for the next period (year/quarter/month/week/day)

NEXTEXTENSIONS: Plot the developing Range Extensions for the next period (year/quarter/month/week/day)

Who can use it?

• Day traders looking for precise levels for intraday moves
• Swing traders looking for precise levels to plan swing trades.
• Position traders looking for precise levels to plan medium and long term trades.
• Investors looking for precise levels to plan long term investments.

Reference

The methodology behind these pivot calculations is inspired by the work of Frank Ochoa, whose teachings provide a foundation for this tool. This indicator is independently developed and optimized for ProRealTime.