Multi-TF Fibonacci Pivot Points V4.5.3

📊 MULTI-TIMEFRAME FIBONACCI PIVOT POINTS

Display Fibonacci-based pivot points from multiple timeframes simultaneously on any chart. Perfect for identifying key support/resistance levels, confluences, and high-probability trade zones.

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✨ KEY FEATURES

🎯 MULTI-TIMEFRAME DISPLAY
• View pivots from up to 6 different timeframes at once
• 4HR, Daily, Weekly, Monthly, Quarterly, and Yearly support
• Automatic timeframe validation prevents invalid combinations
• Smart label placement reduces chart clutter

📈 FIBONACCI LEVELS
• S3: -0.618 (Deep support)
• S2: -0.382 (Intermediate support)
• S1: -0.236 (Shallow support)
• Pivot Point: 0.000 (Central pivot)
• R1: +0.236 (Shallow resistance)
• R2: +0.382 (Intermediate resistance)
• R3: +0.618 (Deep resistance)
• Optional additional Fibonacci levels available in settings

🎨 HIGHLY CUSTOMIZABLE
• Individual color control for each timeframe
• Show/hide specific levels (S3, S2, S1, P, R1, R2, R3)
• Adjustable line width and transparency
• Optional price labels
• Compact or detailed label formats

🔔 ALERT SYSTEM
• Long Signal: Price crosses above pivot point
• Short Signal: Price crosses below pivot point
• Customizable alert messages
• Works with webhooks for automated trading

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💡 HOW TO USE

**CONFLUENCE TRADING:**
When multiple timeframe pivots align at the same price level, it creates a strong confluence zone. These areas often act as significant support/resistance.

Example:
• Daily R1, Weekly P, and Monthly S1 all near $90,000
• This creates a high-probability resistance zone
• Consider taking profits or shorting at this confluence

**TREND IDENTIFICATION:**
• Price above all pivots = Strong uptrend
• Price below all pivots = Strong downtrend
• Price between pivots = Range-bound or transitional

**SUPPORT/RESISTANCE:**
• Fibonacci levels act as dynamic support/resistance
• S1/R1: First line of support/resistance (shallow retracements)
• S2/R2: Intermediate zones (common reversal points)
• S3/R3: Deep retracements (high-probability bounce areas)

**ENTRY/EXIT STRATEGIES:**
• Buy at support levels (S1, S2, S3) in uptrends
• Sell at resistance levels (R1, R2, R3) in downtrends
• Use pivot point as dynamic stop loss or take profit target
• Combine with your preferred indicators for confirmation

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🎓 PRACTICAL EXAMPLE: Confluence Zone Reversal

**Setup:**
• BTC in downtrend, approaching $84,000
• Daily S2, Weekly S1, and Monthly Pivot all converge at $84,000
• Strong 3-timeframe confluence = high-probability support zone

**Entry Signal:**
• Wait for price to test the $84,000 confluence level
• Look for reversal confirmation (reversal pattern, bullish engulfing, RSI divergence, volume spike etc)
• Enter long position above confluence at $84,100

**Risk Management:**
• Stop loss: $83,500 (below S2 support level – generally recommended to use same TF although for better R:R you could consider using a different TF support level)
• Initial target: $86,000 (Daily R1 resistance)
• Risk/Reward: ~$500 risk for $1,900 profit potential = 1:3.8 ratio

**Why It Works:**
When multiple timeframes agree on a support level, it creates strong buyer interest at that price zone. Professional traders and algorithms often place orders at these confluence areas. When the support holds, the reversal moves are typically swift and powerful as trapped short sellers cover positions and new buyers enter.

This same principle works in reverse for resistance confluences (shorting opportunities) and can be applied across any timeframe or asset class.

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⚙️ SETTINGS GUIDE

**TIMEFRAME CONFIGURATION:**
• Enable/disable each timeframe independently
• Set 4HR, Daily, Weekly, Monthly, Quarterly, Yearly periods
• Warning system prevents invalid timeframe combinations

**LEVEL VISIBILITY:**
• Toggle individual Fibonacci levels on/off
• Hide levels you don't trade to reduce clutter
• Keep only the levels relevant to your strategy
• Enable optional additional Fibonacci levels if needed

**VISUAL CUSTOMIZATION:**
• Choose colours that match your charting style
• Adjust line width for visibility (1-3 recommended)
• Set transparency for background levels (20-40% typical)
• Enable/disable price labels based on preference

**ALERTS:**
• Set up alerts for pivot point crosses
• Receive notifications when price tests key levels
• Use webhook URLs for automated trade execution
• Customize alert messages for different scenarios

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📚 UNDERSTANDING FIBONACCI PIVOTS

**What are Fibonacci Pivot Points?**
Traditional pivot points use simple averages (High + Low + Close) / 3. Fibonacci pivot points enhance this by applying Fibonacci ratios (0.236, 0.382, 0.618) to calculate support and resistance levels.

**Why Fibonacci Ratios?**
These ratios appear frequently in nature and financial markets:
• 0.236 (23.6%) - Shallow retracement
• 0.382 (38.2%) - Common retracement zone
• 0.618 (61.8%) - Golden ratio, deep retracement

Markets often respect these levels due to trader psychology and self-fulfilling prophecy.

**Multi-Timeframe Advantage:**
Higher timeframe pivots carry more weight:
• Yearly/Quarterly pivots: Major support/resistance (long-term positioning)
• Monthly pivots: Significant levels (swing trades)
• Weekly pivots: Intermediate zones (position trades)
• Daily pivots: Short-term levels (day trades)
• 4HR/Lower timeframes: Intraday precision (scalping)

When pivots from multiple timeframes align, the confluence creates stronger support/resistance that professional traders watch closely.

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⚡ INTEGRATION WITH STRATEGY BUILDING

This indicator works seamlessly with strategy builders and backtesting tools. The alert system provides clean signals that can be used as entry/exit conditions.

These signals can be incorporated into automated strategies or used as confluence filters with your existing trading system.

**Compatible with:**
• TradingView's Strategy Tester
• Most strategy building tools
• Webhook-based automation platforms
• Custom Pine Script strategies

Simply reference the indicator's signals in your strategy logic or use the visual levels for manual discretionary trading.



⚠️ IMPORTANT NOTES

**Timeframe Rules:**
• Current chart timeframe must be LOWER than indicator timeframes
• Example: Can't display Daily pivots on Weekly chart
• Invalid combinations will show warning in label
• Solution: Switch to lower chart timeframe or adjust indicator settings

**Performance Considerations:**
• Displaying 6 timeframes with all levels = 42 lines on chart
• Disable unused timeframes to reduce visual clutter
• Hide levels you don't actively trade (e.g., keep only S1, P, R1)
• Use transparency to make background levels less prominent

**Alert Best Practices:**
• Test alerts on paper trading account first
• Understand alert fires when bar CLOSES (not on wick)
• Pivot point crosses generate signals, not individual S/R levels
• Combine with other confluence factors (don't trade alerts blindly)

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📖 PRACTICE SUGGESTIONS

1. Observe how price respects pivot levels (especially HTF ones)
2. If available, use the Replay feature to identify how price reacts to different pivot levels (try to check in bullish, bearish and flat markets)
3. Use additional confluence for trades (previous S/R, momentum indicators etc)
4. Backtest your strategy before live trading
5. Keep a trading journal of pivot-based trades
6. Gradually add more timeframes as you gain experience

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📈 BUILDING COMPLETE TRADING SYSTEMS

Multi-Timeframe Fibonacci Pivots excels at identifying high-probability price levels and confluence zones. For traders looking to develop complete trading strategies around these signals, the natural progression involves:

**1. Signal Identification** (This Indicator)
Identify key support/resistance levels and confluence zones across multiple timeframes

**2. Strategy Development**
Test and validate trading rules around these pivot levels using backtesting tools

**3. Trade Management**
Implement proper entry execution, exit management, position sizing, and risk controls

This indicator integrates seamlessly with strategy testing and trade management systems. For traders serious about building robust, professional-grade trading approaches, explore the additional indicators/strategies I will be publishing soon.

The goal is always the same: transform good trading ideas into consistently executable strategies with proper risk management.



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🎯 QUICK START CHECKLIST

Getting started with MTF Fibonacci Pivots:

[ ] Add indicator to chart (lower timeframe than pivots you want to see)
[ ] Enable 1-2 timeframes initially (e.g., Daily + Weekly)
[ ] Customize colours to match your chart theme
[ ] Hide levels you don't trade (optional: keep only S1, P, R1)
[ ] Identify current confluence zones
[ ] Mark key levels you'll watch for the session/day/week
[ ] Set up alerts for pivot crosses (optional)
[ ] Practice identifying setups before taking real trades

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🌟 ENJOY TRADING WITH MTF FIBONACCI PIVOTS!

Whether you're a day trader looking for intraday levels, a swing trader seeking major support/resistance zones, or a long-term investor identifying key price areas, Multi-Timeframe Fibonacci Pivots provides the levels you need at a glance.

Happy trading! 📈

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🔐 RISK DISCLAIMER

This indicator is for educational
and informational purposes only. It does not constitute financial advice.

**Remember:**
• No indicator is 100% accurate
• Always use proper risk management (stop losses, position sizing)
• Past performance does not guarantee future results
• Combine with your own analysis and trading plan
• Never risk more than you can afford to lose
• Test thoroughly on paper trading before using real capital

Trading carries significant risk. Ensure you understand these risks before trading.


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💬 FEEDBACK & SUPPORT

**Found a bug?** Please report via comments with:
• Chart timeframe, asset, and indicator settings
• Description of issue and expected behavior

**Feature requests?** I'm always looking to improve! Let me know:
• What additional functionality would help your trading?
• Which features do you use most/least?
• How can the indicator be more user-friendly?

**Success story?** Share how you're using MTF Fibonacci Pivots! Community feedback helps guide future development.

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🙏 CREDITS & ACKNOWLEDGMENTS

**Original Concept:**
This indicator is based on the excellent "Fibonacci Extension / Retracement / Pivot Points" script by dgtrd. The original script provided a solid foundation for calculating Fibonacci-based pivot levels.

**Changes in This Version:**
• Multi-timeframe capability (display up to 6 timeframes simultaneously)
• Optional additional Fibonacci levels
• Enhanced customization (colors, widths, transparency per timeframe)
• Improved label system (compact/detailed formats, smart placement)
• Timeframe validation and warnings
• Optimized performance for multiple timeframes

**Attribution:**
Original script by dgtrd: [Fibonacci Extension / Retracement / Pivot Points by DGT]
Enhancements and multi-timeframe implementation with the support of Al

If you find value in this indicator, please also check out dgtrd's original work and other excellent pivot point indicators in the TradingView community.