🟪Mali Pivots

For those who prefer video tutorials, this breaks down the Mali Pivots Indicator:

The Mali Pivots indicator is a tool that is able to highlight support and resistance levels in relation to the 9,10,11,12,13 and extended counts of the trending price action. While numerous traders trade these counts, this tool is unique in that it continues counting past these base levels and will mark extended runs coming to an end with a vertical Red or Green Column.

The indicator identifies levels based on both 9,10,11,12,13 and extended counts, but splits them into both Support and Resistance levels and marks each level with a horizontal pivot. The level being Support/Resistance can be determined by the colors of the pivot. In addition, this tool Note that these styles of pivots and colors can be edited in the tool settings.

This calculation is based on the value of the current close compared to the close that happened 4 candles back.

Condition: MaliCount:= close > close[4]

When this condition is true for 9,10,11,12 or 13 consecutive closes in a row, the indicator will mark the candle with the current number count as well as drawing a horizontal pivot to indicate the importance of the price level.

Mali Counts

Mali Pivots

Extended Trends Ending/Exhausting

Annotated Chart

Scalp Trading Zone

Settings

Standard Liquidation Levels

Liquidations On/Off - Toggles the tool on and off.

Dark Mode On/Off - Allows users to use settings for light/dark backgrounds.

Mali Pivots - General Settings

Pivots Toggle - Toggles the Mali Pivots on and off.

Candle Color Toggle - Toggles the Candle Marker on and off.

Mali Pivots - Count Settings

9/10/11/12/13 Number Toggle - Allows traders to turn off and on specific number displays on their chart.

Mali Pivots - Extended Run Exhaustion

Extended Bearish/Bullish Trend Stop Toggle - Allows traders to control which extended run markers they want displayed on their chart.

Mali Pivots - Color Settings

All Color Options - Allows traders to customize the coloring of the tool to match their specific requirements.

If you are still having issues or have questions, please feel free to reach out to us at [e-mail] or message us in the Rainbow Trends Discord.