A pivot point is a technical analysis indicator, or calculation, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the high, low, and closing prices from the previous trading day.

This "KenvinZone Pivot Trend" indicator is built and customized based on the Pivot indicator platform and references synthesized from multiple sources. Its purpose is to display more accurate and user-friendly price charts, with more customization options and better visibility for common users.

It consists of four main features with display options:

1. Show Pivot Point: Displays the pivot point. (LOW/HIGH)
2. Show Buy/Sell label: Indicates buy/sell labels
3. Show PP center line: Shows the center line of the pivot point.
4. Show Support/Resistance: Displays support and resistance levels 

The default parameters have been tested and optimized, but users can still customize them according to their specific use cases.

Note: Use this indicator for research and educational purposes.

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KENVINZONE ULTIMATE FOLLOWTREND STRATEGY V1 by KenvinZone on TradingView.com