4H Pivot Levels

26 בדצמ׳ 2025

# 4-Hour Pivot Levels - Quick Guide

## What It Does
Displays 4-hour pivot support and resistance levels on any timeframe chart with clear BUY (green) and SELL (red) labels.

## Installation
1. Open TradingView Pine Editor
2. Paste the script code
3. Save and "Add to Chart"

## Understanding the Levels

**Pivot Point (P)** - Yellow line, central reference point
- Price above = bullish bias
- Price below = bearish bias

**Support Levels (S1, S2, S3)** - Green "BUY" labels
- Demand zones where price may bounce up
- Use as long entry targets or short exit points
- S1 strongest, S3 weakest

**Resistance Levels (R1, R2, R3)** - Red "SELL" labels
- Supply zones where price may reverse down
- Use as short entry targets or long exit points
- R1 strongest, R3 weakest

## How to Use

**For Longs:**
- Buy near green support levels
- Target red resistance levels or pivot
- Stop loss below the support level

**For Shorts:**
- Sell near red resistance levels
- Target green support levels or pivot
- Stop loss above the resistance level

**For Ranging Markets:**
- Buy support, sell resistance
- Use pivot as mid-range guide

## Settings

**Display:** Toggle pivot point, support, or resistance on/off

**Line Extension:** Adjust how far lines project forward (default: 50 bars)

**Colors:** Customize pivot (yellow), support (green), resistance (red)

**Style:** Change line width (1-5) and style (solid/dashed/dotted)

## Tips

- Works on any timeframe but best on 15min-4H charts
- R1/S1 are typically the strongest levels
- Always use with price action confirmation and stop losses
- Levels update every 4 hours based on previous 4H candle
- Combine with volume and other indicators for best results

## Quick Strategy
1. Identify the trend (above/below pivot)
2. Wait for price to approach a level
3. Look for confirmation (candlestick pattern, volume)
4. Enter with stop beyond the level
5. Target next level or pivot point

3 בינו׳

הערות שחרור

# 4-Hour Pivot Levels - Quick Guide

## ✨ New Features

**Label Toggle** - Turn labels on/off for a cleaner chart while keeping color-coded lines visible

**Timeframe Consistency Fix** - Pivot levels now display identically across all timeframes (15min, 45min, 1H, etc.)

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## What It Does
Displays 4-hour pivot support and resistance levels on any timeframe chart with clear BUY (green) and SELL (red) labels.

## Installation
1. Open TradingView Pine Editor
2. Paste the script code
3. Save and "Add to Chart"

## Understanding the Levels

**Pivot Point (P)** - Yellow line, central reference point
- Price above = bullish bias
- Price below = bearish bias

**Support Levels (S1, S2, S3)** - Green "BUY" labels
- Demand zones where price may bounce up
- Use as long entry targets or short exit points
- S1 strongest, S3 weakest

**Resistance Levels (R1, R2, R3)** - Red "SELL" labels
- Supply zones where price may reverse down
- Use as short entry targets or long exit points
- R1 strongest, R3 weakest

## How to Use

**For Longs:**
- Buy near green support levels
- Target red resistance levels or pivot
- Stop loss below the support level

**For Shorts:**
- Sell near red resistance levels
- Target green support levels or pivot
- Stop loss above the resistance level

**For Ranging Markets:**
- Buy support, sell resistance
- Use pivot as mid-range guide

## Settings

**Display:**
- Toggle pivot point, support, or resistance on/off
- **Toggle labels on/off** for a cleaner chart view (lines remain color-coded)

**Line Extension:** Adjust how far lines project forward (default: 50 bars)

**Colors:** Customize pivot (yellow), support (green), resistance (red)

**Style:** Change line width (1-5) and style (solid/dashed/dotted)

## Tips

- Works on any timeframe but best on 15min-4H charts
- **Levels are identical across all timeframes** (15min, 45min, 1H, etc.) - fixed!
- R1/S1 are typically the strongest levels
- Always use with price action confirmation and stop losses
- Levels update every 4 hours based on previous 4H candle
- Combine with volume and other indicators for best results
- Turn off labels if your chart looks cluttered (you'll still see color-coded lines)

## Quick Strategy
1. Identify the trend (above/below pivot)
2. Wait for price to approach a level
3. Look for confirmation (candlestick pattern, volume)
4. Enter with stop beyond the level
5. Target next level or pivot point

## Troubleshooting

**Different levels on different timeframes?**
- This has been fixed - all timeframes now show identical levels
- If you still see differences, refresh your chart or re-add the indicator

**Too many labels cluttering the chart?**
- Turn off "Show Labels" in Display Settings to see just the color-coded lines