Auto-Pivot-P TradingView

Currency Pairs: Any

Timeframes:  Any

Minimum Deposit: Any

Recommended Account Type: ECN or Raw Spread

Leverage: From 1:30 to 1:1000

Recommend broker: Roboforex
Recommend Vps: GoVPSFX
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Auto-Pivot-P is a modern and functional indicator for the TradingView platform, designed to automatically detect key pivot points on the chart. This tool is ideal for traders who want to simplify market analysis and improve the accuracy of their trading decisions. The indicator automatically calculates and displays support and resistance levels based on price data, making it an indispensable assistant for intraday trading, scalping and swing trading.

How it works:
Auto-Pivot-P analyzes price data for a selected period (for example, the previous day or week) and calculates a basic Pivot Point, as well as support and resistance levels. These levels are displayed on the chart as horizontal lines, which help traders identify:
– Pivot Zones: If the price approaches the R1/R2 (resistance) or S1/S2 (support) levels, this may signal a possible reversal.
– Breakthroughs: A breakout of R1 or S1 often indicates a continuation of the trend, which can be used to enter a trade.
– Trading Targets: Pivot Points help set Take Profit and Stop Loss based on key price zones.
Conclusion:
Auto-Pivot-P for TradingView is a reliable and user-friendly tool that helps traders find key support and resistance levels, predict reversals and breakouts, and manage risks effectively. Thanks to its automation and flexible settings, it is suitable for both beginners and experienced traders. However, like any indicator, it is not a universal solution and requires confirmation of signals by other methods of analysis. Use Auto-Pivot-P as part of a well-thought-out trading system, and it will become a valuable addition to your arsenal of tools.