Nice indicator! But I like to draw the S/R levels manually! In this case, I use Fibo, horizontal line and channel. Yes, I know trend is our friend! That’s way I always try to follow the market trend.
I used multiple trading systems on EMA crossover trading system! But I got best accuracy with the combination of EMA 20 & 50! This is why, now I make my technical analysis based on these 2 trading tools.
I see, pivot point is very much useful tool; it works as like the support & resistant levels! By the way, I like to use only daily pivot point instead of the weekly!
I see, your trading indicator is looks like the moving average trading tool! Yes, I mostly use the MA trading tool in my live chart and I think, this is one of the most useful trading indicator to identify the market trend.
Thank you very much for your contribution! But I think, till now moving average is the best tool for indentifying the swing points! Yes I use EMA 200 in my live trading chart.