Daily Dynamic Pivot Line with Alerts

This Pine Script is a Daily Dynamic Pivot Line Indicator with Alerts for TradingView. It calculates and plots pivot points and support/resistance levels based on the previous day's high, low, and close prices. Additionally, it provides alerts when the price crosses these levels. Below is a detailed breakdown of the script:
Key Features:

Pivot Calculation:

The script calculates pivot points and support/resistance levels using the previous day's high, low, and close prices.

It supports four types of pivot calculations:

Standard

Fibonacci

Woodie

Camarilla

Dynamic Levels:

The pivot point and support/resistance levels are dynamically updated at the start of each new trading day.

Plotting:

The pivot point and support/resistance levels are plotted on the chart.

Labels are added to the chart to indicate the pivot point (P), resistance levels (R1, R2), and support levels (S1, S2).

Alerts:

The script includes alert conditions for when the price crosses:

The pivot point (above or below).

Resistance levels (R1 and R2).

Support levels (S1 and S2).

Alerts are triggered once per bar close to avoid duplicate alerts.

Customizable Inputs:

Users can select the type of pivot calculation (Standard, Fibonacci, Woodie, or Camarilla) via an input option.