OPEN-SOURCE SCRIPT
Institutional Pivot Zones & Multi-Touch S/R [v6]
Institutional Pivot Zones & Multi-Touch S/R is an advanced intraday trading script written in Pine Script v6. Unlike generic Support and Resistance indicators that clutter your charts by marking every minor fractal peak, this script uses high-precision mathematical filtering to isolate true institutional pivot zones (Flipping Levels) and heavy multi-touch historical areas.
Designed specifically for active intraday pairs like EURUSD, GBPUSD, EURJPY, and GBPJPY, it plots dynamic zone ranges (boxes) based on real market interaction rather than lagging mathematical averages.
How the Logic Works
The indicator scans the market using a customizable fractal lookback period to identify strong structural swing highs and lows. It then processes these key levels through a strict multi-touch filter:
Zone Consolidation: It searches for price levels where institutions have repeatedly accumulated orders or triggered reversals.
Pip Tolerance Detection: Instead of looking for a single, unrealistic price point, it calculates a structural area (in pips) where the price has reacted via wicks or candle closures.
Flipping Levels (SR Flip): It highlights key areas where an old ceiling (resistance) is broken and effectively turns into a new floor (support), tracking the real institutional order flow.
Key Settings & Optimization for Intraday (M5 / M15)
To get the sharpest "Sniper" entries on a 5-minute or 15-minute chart, use the following optimized parameters in the settings panel:
Fractal Lookback Period (Periodo para detectar picos): Set to 15 to capture fresh intraday structures from the current and previous sessions (London/New York).
Minimum Touches (Mínimo de testeos): Set to 2 for fast intraday action. This activates the zone immediately after the first retest, letting you capture the move on the 3rd touch.
Zone Tolerance in Pips (Tolerancia de la zona): Set between 2.5 to 3.5 pips for major currency pairs like EURUSD to perfectly box the rejection wicks without creating overly wide zones.
How to Trade with this Indicator
Sniper Buy Trigger: Look for the price to drop into a lower support zone. Wait for a clear wick rejection (stop hunt/liquidity grab) on M15. Execute on the candle close with your Stop Loss safely tucked just below the rejection wick.
Sniper Sell Trigger: Watch for the price to rally into a resistance zone. Wait for a prominent upper wick rejection. Execute the sell position with a tight Stop Loss right above the high of that candle, targeting the next structural zone below.
Disclaimer: This indicator is designed for structural analysis and price action context. Always combine it with proper risk management and session timing.
Designed specifically for active intraday pairs like EURUSD, GBPUSD, EURJPY, and GBPJPY, it plots dynamic zone ranges (boxes) based on real market interaction rather than lagging mathematical averages.
How the Logic Works
The indicator scans the market using a customizable fractal lookback period to identify strong structural swing highs and lows. It then processes these key levels through a strict multi-touch filter:
Zone Consolidation: It searches for price levels where institutions have repeatedly accumulated orders or triggered reversals.
Pip Tolerance Detection: Instead of looking for a single, unrealistic price point, it calculates a structural area (in pips) where the price has reacted via wicks or candle closures.
Flipping Levels (SR Flip): It highlights key areas where an old ceiling (resistance) is broken and effectively turns into a new floor (support), tracking the real institutional order flow.
Key Settings & Optimization for Intraday (M5 / M15)
To get the sharpest "Sniper" entries on a 5-minute or 15-minute chart, use the following optimized parameters in the settings panel:
Fractal Lookback Period (Periodo para detectar picos): Set to 15 to capture fresh intraday structures from the current and previous sessions (London/New York).
Minimum Touches (Mínimo de testeos): Set to 2 for fast intraday action. This activates the zone immediately after the first retest, letting you capture the move on the 3rd touch.
Zone Tolerance in Pips (Tolerancia de la zona): Set between 2.5 to 3.5 pips for major currency pairs like EURUSD to perfectly box the rejection wicks without creating overly wide zones.
How to Trade with this Indicator
Sniper Buy Trigger: Look for the price to drop into a lower support zone. Wait for a clear wick rejection (stop hunt/liquidity grab) on M15. Execute on the candle close with your Stop Loss safely tucked just below the rejection wick.
Sniper Sell Trigger: Watch for the price to rally into a resistance zone. Wait for a prominent upper wick rejection. Execute the sell position with a tight Stop Loss right above the high of that candle, targeting the next structural zone below.
Disclaimer: This indicator is designed for structural analysis and price action context. Always combine it with proper risk management and session timing.
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.