Calculating Dynamic Pivot Levels on Higher Time Frames

Summary

This document describes a pivot indicator that can calculate levels from a selected time frame, provided that time frame is higher than the chart’s. It offers an original calculation attributed to Austin Passamonte and an alternate mode that is more oriented toward support and resistance. The indicator is intended to be used like other pivot tools, so traders can watch its levels as potential reference points when analyzing price.

The text provides no formula, chart examples, market tests, or rules for entering and exiting trades. It also does not establish whether either calculation predicts reversals or breaks, or how to handle differing instruments and sessions. The note about updating only the latest bar on new ticks describes implementation efficiency, not evidence of trading performance; the document is therefore a brief description of an indicator rather than a tested strategy.

Key ideas

• The indicator calculates pivot levels using a time frame higher than the chart time frame.
• It provides an original calculation attributed to Austin Passamonte and an alternate support-resistance-oriented mode.
• The levels are intended as references to use alongside other pivot tools.
• The document gives no formulas, trading rules, or performance evidence.
• Updating only the latest bar on new ticks is presented as an efficiency feature.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.