Dynamic Pivot Levels Across Higher Time Frames

Summary

This indicator calculates pivot levels from a selected time frame that must be higher than the chart’s time frame. It is based on an idea attributed to Austin Passamonte and is presented as a way to apply pivot analysis across time frames.

Two calculation modes are described: an original mode following the attributed approach and an alternate mode intended to emphasize support and resistance. The description does not give the formulas, parameter settings, market examples, or performance evidence, so users cannot assess the modes or infer that either produces reliable signals from this text alone. It also does not specify how the levels should be used in a trading system; it only notes that the output can be used like a conventional pivot indicator.

Key ideas

• The indicator derives pivot levels from a time frame above the chart time frame.
• It offers an original calculation mode and an alternate mode with more support and resistance emphasis.
• The description provides no formulas, tested markets, or performance results.

Tags

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