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🌐 Indicator Pivot and Wick Boxes with Break Signals v2 for TradingView 👑

⭐️ The "Pivot and Wick Boxes with Break Signals v2" is an advanced Pine Script® technical analysis tool that identifies pivot points (highs and lows) on the chart and draws customizable boxes based on the wicks of pivot candles. It is ideal for traders using price action strategies, helping to identify key support and resistance levels and potential breakout trading opportunities. With flexible settings, a volume filter, and label grouping, the indicator ensures clarity and precision on the chart.

👉 CONCEPTS
The indicator modifies how zones are drawn, displaying boxes on the latest candle rather than extending from the zones based on pivot candle wicks. This approach prevents visual clutter on the chart, allowing simultaneous use of other indicators without sacrificing clarity.
Why are wicks important?Wicks of pivot candles indicate significant market reactions in key areas. Depending on the context, they may signal rejection, testing, or absorption of support or resistance levels. Long wicks often appear where large players are active, and the marked zones are frequently retested. The indicator enables quick identification and observation of their impact on future price movements.

✔️ Instructions how to install are inside archive 😀

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🕯 WyattsPivots MT5 Indicator

⚙️ Pivot point-based indicator to help traders identify key price levels in the market for support, resistance, and trend bias.

🎚 Indicator Plots:-

➡️ Pivot Point (PP) – The central price level for the day (Yellow line).

➡️ Support Levels (S1, S2, S3) – Below PP (Blue lines).

➡️ Resistance Levels (R1, R2, R3) – Above PP (Red lines).

➡️ Mid-levels – Intermediate zones for finer entries and exits.

➡️ Highlighted Zones – Potential reversal or high-volume zones (Pink/Green areas).
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📈 How to Use It for Trading

↗️ Determine Market Bias

🔼If the price is trading above the Pivot Point (PP) → Market bias is Bullish.

🔽If the price is trading below the Pivot Point (PP) → Market bias is Bearish.

✍️ Plan Entries & Targets

⬆️ Bullish Scenario:
When the price breaks above PP, aim for R1 → R2 → R3 as your take-profit targets.
Use the closest support (PP or S1) as a stop-loss.

⬇️ Bearish Scenario:
When the price falls below PP, aim for S1 → S2 → S3 as your take-profit targets.
Use the closest resistance (PP or R1) as a stop-loss.