Pivot Pulse [BreakoutOrFakeout]

Pivot Pulse [BreakoutOrFakeout]
What It Does
Automatically identifies and visualizes key support and resistance levels using pivot point analysis. Creates clean, professional zones where price is likely to react, making it easy to spot potential reversals and breakouts at a glance.
Key Features
🎯 Smart Pivot Detection

Automatically finds significant highs and lows
Adjustable sensitivity for different trading styles
No manual drawing required

📊 Dynamic Zone Visualization

Clean gradient zones show bounce ranges
Red zones for resistance, green for support
Adjustable zone width for precision control

⚡ Breakout Alerts

Yellow triangles mark zone breakouts
Bar highlighting on breakout candles
Built-in alert conditions

✨ Minimalist Design

Shows only the most relevant levels
Ultra-clean visual presentation
Works seamlessly on all timeframes

How to Use

Zone Trading: Enter trades when price touches zones, exit at opposite zone
Breakout Confirmation: Wait for yellow signals when price breaks zones
Risk Management: Place stops just outside zone boundaries
Multi-Timeframe: Check higher timeframes for stronger levels

Settings

Pivot Sensitivity (5-20): Lower = more sensitive, more frequent levels
Zone Width (0.1-1.0%): Adjust for market volatility
Visual Options: Toggle zones, lines, and breakout signals

Best Practices
✅ Works best in ranging markets for zone bounces
✅ Combine with volume for breakout confirmation
✅ Use higher timeframes for stronger levels
✅ Watch for multiple touches (stronger levels)
Visual Guide

🔴 Red = Resistance Zone (potential selling area)
🟢 Green = Support Zone (potential buying area)
🟡 Yellow = Breakout Signal (momentum shift)

Why This Indicator?
Unlike complex indicators that clutter your chart, Pivot Pulse focuses on what matters: clear levels where price actually reacts. The zone-based approach accounts for real market behavior where support and resistance are areas, not exact prices.
Perfect for:

Day traders needing quick level identification
Swing traders planning entries and exits
Beginners learning support/resistance concepts
Anyone wanting cleaner, more professional charts


⚠️ DISCLAIMER: For educational purposes only. Trading involves substantial risk of loss. Past performance does not guarantee future results. Always use proper risk management and never risk more than you can afford to lose.