If you're trading with MetaTrader 5, you might want to check out this nifty indicator inspired by Austin Passamonte's concepts. It’s designed to calculate dynamic pivots across any time frame—just make sure the selected time frame is higher than the one you’re viewing on your chart.
This indicator offers two distinct calculation modes:
- Original Mode: Follows Austin Passamonte's original calculation method.
- Alternate Mode: This mode leans more towards identifying support and resistance levels.
- Utilize it just like any other pivot points in your trading strategy.
- The code is optimized to only calculate the last bar on new ticks, making it easy to integrate with other scripts using iCustom().
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