Pivot points are price levels that are calculated based on previous high, low, and close values. Pivot point levels include the pivot, 4 resistance levels (R1, R2, R3, R4), and 4 support levels (S1, S2, S3, S4). Pivot points are used as support and resistance levels.
This indicator includes the following pivot points: *
Nice script, but could there be a way you could add labels to the levels. I would do it, but the script is protected. Would help greatly to know which s/r level and period, as remembering all the colors and timeframes they are attached to gets confusing. Thanks mate!