OPEN-SOURCE SCRIPT
Aegis Pivot Trend & S/R Pro [wjdtks255]
Aegis Pivot Trend & S/R Pro [wjdtks255]
A precision technical analysis tool designed to visualize market structure. By automatically mapping key Support/Resistance levels and trendlines based on pivot point analysis, this indicator helps traders identify critical price zones and momentum shifts instantly.
[Key Features]
Auto-Horizontal S/R: Automatically plots recent Pivot Highs (Red) and Lows (Green) as key horizontal price levels.
Pivot-to-Pivot Trendlines: Draws stable, non-repainting diagonal trendlines (White/Yellow) to provide a clear view of market structure.
Clean Interface: Designed to keep your chart clutter-free while highlighting essential technical levels.
[How to Use]
Pivot Sensitivity: Adjust the 'Pivot Lookback' input to match your preferred timeframe and trading style (Default: 15).
Breakout & Reversal: Use the horizontal lines as entry/exit zones and observe price reactions at the diagonal trendlines for potential breakout or reversal signals.
Strategy Confirmation: Best used as a primary structural confirmation tool alongside your trend-following strategies.
A precision technical analysis tool designed to visualize market structure. By automatically mapping key Support/Resistance levels and trendlines based on pivot point analysis, this indicator helps traders identify critical price zones and momentum shifts instantly.
[Key Features]
Auto-Horizontal S/R: Automatically plots recent Pivot Highs (Red) and Lows (Green) as key horizontal price levels.
Pivot-to-Pivot Trendlines: Draws stable, non-repainting diagonal trendlines (White/Yellow) to provide a clear view of market structure.
Clean Interface: Designed to keep your chart clutter-free while highlighting essential technical levels.
[How to Use]
Pivot Sensitivity: Adjust the 'Pivot Lookback' input to match your preferred timeframe and trading style (Default: 15).
Breakout & Reversal: Use the horizontal lines as entry/exit zones and observe price reactions at the diagonal trendlines for potential breakout or reversal signals.
Strategy Confirmation: Best used as a primary structural confirmation tool alongside your trend-following strategies.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.