A trading signal that calculates pivot points, support and resistance levels, and integrates momentum indicators like RSI and MACD to help traders identify market trends and potential entry/exit points.
Explore complementary indicator rolesHow it works
The signal starts by calculating the Pivot Point as an average of high, low, and closing prices, which serves as a central reference point. Support and resistance levels are dynamically determined by tracking the lowest and highest prices over a specified lookback period.
Momentum is assessed through RSI, which measures price change velocity over 14 bars, and MACD, which compares short and long-term moving averages. Simple moving averages (SMA 20 and SMA 50) are plotted to provide additional trend insights. Lines are drawn dynamically to update with each new price bar
Why it may be useful
This comprehensive signal provides traders with multiple analytical perspectives to make informed decisions. By combining pivot points, support/resistance levels, and momentum indicators, traders can gain a holistic view of market dynamics.
The RSI helps identify potential overbought or oversold conditions, while MACD reveals trend momentum and potential trend reversals. Simple moving averages offer additional trend confirmation and smoothing of price action. These integrated indicators help traders reduce guesswork and improve trading precision
When to explore it
The signal is most effective in trending markets with clear directional movements. It works best for traders seeking to confirm trend strength, identify potential entry and exit points, and manage risk. During periods of high market volatility, the multiple indicators can provide robust signals.
It is particularly useful for day and swing traders who require comprehensive market analysis. Traders should use this signal in conjunction with other technical and fundamental analysis tools for more reliable trading decisions
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
