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Pivot Gauge Cluster Indicator
The Pivot Gauge Cluster Indicator is designed to give traders a clear visual map of the most important price levels across timeframes, combined with automatic cluster zones that highlight areas where the market is most likely to react. It simplifies the chart by showing only relevant levels and grouping them into meaningful zones of confluence.
The indicator displays levels from four major timeframes: Daily, Weekly, Monthly, and Quarterly. For each of these timeframes, it can plot the open, high, low, previous high, previous low, midpoint, quarter and three-quarter levels, classic pivot levels (P, S1–S3, R1–R3), and Fibonacci 0.618 and 0.382 retracements. All levels are optional and can be turned on or off. They are color-coded based on whether current price is above or below the level, so market bias is easy to read.
The indicator can also show round-number levels (big round numbers), such as 50s, 100s, or 1000s, depending on the instrument. You can configure the spacing, color, and how many levels to show above and below the current price. These round levels also feed into the cluster detection system.
Cluster Zones are the core of the indicator. A cluster is created when multiple significant levels from higher timeframes sit close together in price. Instead of forcing the trader to interpret many overlapping lines, the indicator automatically detects these overlaps and draws a yellow zone across the chart. These zones often become important reaction areas, support or resistance, liquidity pockets, or turning points. The zones are recalculated every bar, so they are always accurate and never static. You can adjust how tight a cluster must be and how many levels are required to form one.
There is an optional SMA trend filter. When enabled, the indicator uses a user-selectable SMA (default 200) to hide clusters that do not align with the trend direction. If price is above the SMA, only clusters below price are shown as potential support. If price is below the SMA, only clusters above price are shown as potential resistance. This keeps the chart focused on the most relevant zones.
The indicator has two alert types. The first is “Cluster Zone Formed,” which triggers when a new cluster is created. This alert only fires on future cluster formations and does not trigger for existing historical clusters when the alert is added. The second is “Cluster Zone Touch,” which alerts instantly when price touches a cluster zone. Both alerts are optimized so they do not repeatedly fire for the same zone within the same bar.
Overall, the Pivot Gauge Indicator gives a structured and simplified view of the market by combining higher-timeframe structure, psychological levels, and automated confluence zones. It helps intraday traders, scalpers, and swing traders quickly identify high-probability reaction points, support and resistance, trend-aligned zones, and key areas for entries or exits. It is fully customizable, allowing the user to enable the exact timeframes, level types, colors, cluster sensitivity, round numbers, trend filters, and alert preferences they want.
Enjoy!
The indicator displays levels from four major timeframes: Daily, Weekly, Monthly, and Quarterly. For each of these timeframes, it can plot the open, high, low, previous high, previous low, midpoint, quarter and three-quarter levels, classic pivot levels (P, S1–S3, R1–R3), and Fibonacci 0.618 and 0.382 retracements. All levels are optional and can be turned on or off. They are color-coded based on whether current price is above or below the level, so market bias is easy to read.
The indicator can also show round-number levels (big round numbers), such as 50s, 100s, or 1000s, depending on the instrument. You can configure the spacing, color, and how many levels to show above and below the current price. These round levels also feed into the cluster detection system.
Cluster Zones are the core of the indicator. A cluster is created when multiple significant levels from higher timeframes sit close together in price. Instead of forcing the trader to interpret many overlapping lines, the indicator automatically detects these overlaps and draws a yellow zone across the chart. These zones often become important reaction areas, support or resistance, liquidity pockets, or turning points. The zones are recalculated every bar, so they are always accurate and never static. You can adjust how tight a cluster must be and how many levels are required to form one.
There is an optional SMA trend filter. When enabled, the indicator uses a user-selectable SMA (default 200) to hide clusters that do not align with the trend direction. If price is above the SMA, only clusters below price are shown as potential support. If price is below the SMA, only clusters above price are shown as potential resistance. This keeps the chart focused on the most relevant zones.
The indicator has two alert types. The first is “Cluster Zone Formed,” which triggers when a new cluster is created. This alert only fires on future cluster formations and does not trigger for existing historical clusters when the alert is added. The second is “Cluster Zone Touch,” which alerts instantly when price touches a cluster zone. Both alerts are optimized so they do not repeatedly fire for the same zone within the same bar.
Overall, the Pivot Gauge Indicator gives a structured and simplified view of the market by combining higher-timeframe structure, psychological levels, and automated confluence zones. It helps intraday traders, scalpers, and swing traders quickly identify high-probability reaction points, support and resistance, trend-aligned zones, and key areas for entries or exits. It is fully customizable, allowing the user to enable the exact timeframes, level types, colors, cluster sensitivity, round numbers, trend filters, and alert preferences they want.
Enjoy!
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.