A comprehensive multi-strategy technical analysis tool that combines pivot point analysis with advanced indicators to identify key price levels and market conditions.
#### Overview This indicator integrates pivot points with popular technical analysis tools including Moving Averages, Bollinger Bands, MACD, and RSI. It automatically detects and draws support/resistance levels based on pivot points, while providing additional confirmation signals through multiple technical indicators.
#### Key Features
• Dynamic Pivot Point Detection - Automated high/low pivot identification - Volume and ATR filtering capabilities - Customizable pivot lookback period - Adjustable line extension and appearance
• Technical Analysis Integration - Dual EMA system (8 & 21 defaults for scalping/intraday) - Bollinger Bands with customizable parameters - MACD crossover signals - RSI overbought/oversold levels
• Pattern Recognition System - Multiple candlestick pattern detection - Auto-labeling of detected patterns - Pattern confirmation with technical indicators
• General Settings - Pivot Length: Analysis window for pivot detection (2-20) - Line Length: Extension of drawn lines (10-500) - Maximum Lines: Number of levels displayed per side (1-50)
• Filter Settings - Volume Filter: Optional volume confirmation - ATR Filter: Volatility-based filtering - Custom multipliers for both filters
• Technical Indicators - Moving Averages: Periods, colors, and width - Bollinger Bands: Period, multiplier, and visibility - MACD: Fast, slow, and signal periods - RSI: Period and threshold levels
#### Usage Notes
1. Configuration Tips: - Start with default settings for initial analysis - Adjust pivot length based on your timeframe - Use filters for higher-quality signals - Customize line appearance for better visibility
2. Signal Interpretation: - Strong levels: Multiple indicators align - Pattern confirmation: Check technical indicators - Trend direction: Use MA crossovers - Volatility: Monitor BB width
3. Best Practices: - Use on multiple timeframes for confirmation - Combine with volume analysis - Monitor pattern formations at key levels - Use alerts for real-time notifications
#### Alerts
Built-in alerts for: - Pivot points formation - MA crossovers - BB breakouts - RSI threshold crosses - MACD signal line crosses - Pattern completions
#### Version Notes v1.0 - Initial release • Full technical indicator suite • Pattern recognition system • Multiple visualization options
#### Disclaimer This technical indicator is for information purposes only. Always combine with other analysis methods and proper risk management.