The Pivot Points are one of the most widely used technical analysis tools for identifying potential support and resistance levels. They are calculated using the high, low and closing prices of a previous period (usually daily, weekly or monthly).

Using Settings

Clicking on the indicator settings icon will open its configuration window, within which you can make several choices regarding the indicator's functionality.

Plot Settings

Configure the visual appearance of the indicator:

• Font Size: Set the font size for labels (default: 12.00)

• Line Width: Define the width of the pivot point lines (default: 1.00)

• Line Style: Choose the line style 

• Label Align: Set text alignment 

• Period to Show: Number of periods to display (default: 1)

Custom Reference - Timeframe

Set up custom reference parameters:

• Enable: Toggle custom reference on or off

• Param Type: Choose the time reference type 

• Param Value: Set the value for the selected parameter type

Color Settings

Customize the colors for each pivot level:

• Pivot Point Color: Color for the main pivot point

• R1 Color: Color for the first resistance level

• R2 Color: Color for the second resistance level

• S1 Color: Color for the first support level

• S2 Color: Color for the second support level

Custom Time - Market Timezone

Set custom time parameters based on market timezone:

• Enable: Toggle custom time settings on or off

• Ini Time: Set the start time for the period (default: 00:00:00)

• End Time: Set the end time for the period (default: 00:00:00)