Pivot Points mura vision

1. Sept.

What it is
A clean, single-set pivot overlay that lets you choose the pivot type (Traditional/Fibonacci), the anchor timeframe (Daily/Weekly/Monthly/Quarterly, or Auto), and fully customize colors, line width/style, and labels. The script never draws duplicate sets—exactly one pivot pack is displayed for the chosen (or auto-detected) anchor.

How it works

• Pivots are computed with ta.pivot_point_levels() for the selected anchor timeframe.
  
• The script supports the standard 7 levels: P, R1/S1, R2/S2, R3/S3.
  
• Lines span exactly one anchor period forward from the current bar time.
  
• Label suffix shows the anchor source: D (Daily), W (Weekly), M (Monthly), Q (Quarterly).
  

Auto-anchor logic

• Intraday ≤ 15 min → Daily pivots (D)
• Intraday 20–120 min → Weekly pivots (W)
• Intraday > 120 min (3–4 h) → Monthly pivots (M)
• Daily and above → Quarterly pivots (Q)

This keeps the chart readable while matching the most common trader expectations across timeframes.

Inputs

• Pivot Type — Traditional or Fibonacci.
  
• Pivots Timeframe — Auto, Daily (1D), Weekly (1W), Monthly (1M), Quarterly (3M).
  
• Line Width / Line Style — width 1–10; style Solid, Dashed, or Dotted.
  
• Show Labels / Show Prices — toggle level tags and price values.
  
• Colors — user-selectable colors for P, R*, S*.
  

How to use

1. Pick a symbol/timeframe.
   
2. Leave Pivots Timeframe = Auto to let the script choose; or set a fixed anchor if you prefer.
   
3. Toggle labels and prices to taste; adjust line style/width and colors for your theme.
   
4. Read the market like a map:
   

• P often acts as a mean/rotation point.
  
• R1/S1 are common first reaction zones; R2/S2 and R3/S3 mark stronger extensions.
  
• Confluence with S/R, trendlines, session highs/lows, or volume nodes improves context.
  

Good practices

• Use Daily pivots for intraday scalps (≤15m).
  
• Use Weekly/Monthly for swing bias on 1–4 h.
  
• Use Quarterly when analyzing on Daily and higher to frame larger cycles.
  
• Combine with trend filters (e.g., EMA/KAMA 233) or volatility tools for entries and risk.
  

Notes & limitations

• The script shows one pivot pack at a time by design (prevents clutter and duplicates).
  
• Historical values follow TradingView’s standard pivot definitions; results can vary across assets/exchanges.
  
• No alerts are included (levels are static within the anchor period).
  

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Versionshinweise

Minor update