AUTO PIVOTS INDICATOR:
AutoPivots are very important resistance and support lines that are set at the beginning of each day and are based on the high, low, open and close of the previous day. There is nothing magic about it, but the market does acknowledge the levels very often. Sometimes it pushes through the level without hesitation, but ofter will stop exactly on the line or in the area around the line. Then price reverses. Knowing where these lines are is important to your trading.
I did not create this indicator. But it did have an error when the day starts. During the first bar it would draw the lines in the wrong place. Then you have to refresh it and if the first bar has passed, you would be ok. This modification draws the lines in the right place as you pass though the day's end and start of a new day.
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