Zone Flow Support and Resistance Strategy Using Pivot Zones

Summary

This document presents a Pine Script strategy organized around support and resistance zones generated from pivot calculations. Its visible settings allow daily, weekly, monthly, quarterly, or yearly pivot periods and several pivot formulas, including Classic, Fibonacci, Woodie, Camarilla, and DeMark. Zone width can be defined as a percentage, an ATR multiple, or a fixed amount. The script notes that its defaults are calibrated for gold against the US dollar on a 15-minute chart, and includes chart-history and trade-display limits.

The supplied excerpt is incomplete: it cuts off during the zone settings and does not show the actual entry, exit, or position-management rules. Although it includes strategy configuration such as pyramiding, costs, and slippage, it provides no performance report or results in the excerpt. The available information therefore describes how the zones may be configured, but is insufficient to assess the trading logic, validate the stated market calibration, or draw conclusions about profitability.

Key ideas

• The strategy generates support and resistance zones from pivot calculations over selectable timeframes.
• It offers several pivot formulas and zone-width methods, including ATR-based sizing.
• The displayed defaults are described as calibrated for gold on a 15-minute chart.
• The excerpt omits entry and exit rules, so the trading method cannot be fully evaluated.
• No performance evidence is included in the provided text.

Tags

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