Daily Pivot Points: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above, or the copy button on the code below.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

135 lines of Pine Script v4 from pivots/dailypivots.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

dailypivots.pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © tista

//@version=4
study("Daily Pivot Points", shorttitle="DailyPivots", overlay=true)

ret() => [high[1], low[1], close[1]]
[h, l, c] = security(syminfo.tickerid, "D", ret(), lookahead=true)

pp = (h + l + c) / 3

r4 = pp + (h - l) * 3
r3 = pp + (h - l) * 2
r2 = pp + (h - l)
r1 = 2 * pp - l
mpr0 = (pp + r1) / 2
mpr1 = (r1 + r2) / 2
mpr2 = (r2 + r3) / 2
mpr3 = (r3 + r4) / 2

s1 = 2 * pp - h
s2 = pp - (h - l)
s3 = pp - (h - l) * 2
s4 = pp - (h - l) * 3
mps0 = (pp + s1) / 2
mps1 = (s1 + s2) / 2
mps2 = (s2 + s3) / 2
mps3 = (s3 + s4) / 2

var line ppline = na
var line r1line = na
var line r2line = na
var line r3line = na
var line r4line = na
var line mpr0line = na
var line mpr1line = na
var line mpr2line = na
var line mpr3line = na
var line s1line = na
var line s2line = na
var line s3line = na
var line s4line = na
var line mps0line = na
var line mps1line = na
var line mps2line = na
var line mps3line = na

if pp[1] != pp
    line.set_x2(ppline, bar_index)
    line.set_x2(r1line, bar_index)
    line.set_x2(r2line, bar_index)
    line.set_x2(r3line, bar_index)
    line.set_x2(r4line, bar_index)
    line.set_x2(mpr0line, bar_index)
    line.set_x2(mpr1line, bar_index)
    line.set_x2(mpr2line, bar_index)
    line.set_x2(mpr3line, bar_index)
    line.set_x2(s1line, bar_index)
    line.set_x2(s2line, bar_index)
    line.set_x2(s3line, bar_index)
    line.set_x2(s4line, bar_index)
    line.set_x2(mps0line, bar_index)
    line.set_x2(mps1line, bar_index)
    line.set_x2(mps2line, bar_index)
    line.set_x2(mps3line, bar_index)
    line.set_extend(ppline, extend.none)
    line.set_extend(r1line, extend.none)
    line.set_extend(r2line, extend.none)
    line.set_extend(r3line, extend.none)
    line.set_extend(r4line, extend.none)
    line.set_extend(mpr0line, extend.none)
    line.set_extend(mpr1line, extend.none)
    line.set_extend(mpr2line, extend.none)
    line.set_extend(mpr3line, extend.none)
    line.set_extend(s1line, extend.none)
    line.set_extend(s2line, extend.none)
    line.set_extend(s3line, extend.none)
    line.set_extend(s4line, extend.none)
    line.set_extend(mps0line, extend.none)
    line.set_extend(mps1line, extend.none)
    line.set_extend(mps2line, extend.none)
    line.set_extend(mps3line, extend.none)
    r4line := line.new(bar_index, r4, bar_index, r4, width=1, extend=extend.right, color=#ffffff80)
    r3line := line.new(bar_index, r3, bar_index, r3, width=1, extend=extend.right, color=#ffffff80)
    r2line := line.new(bar_index, r2, bar_index, r2, width=1, extend=extend.right, color=#ffffff80)
    r1line := line.new(bar_index, r1, bar_index, r1, width=1, extend=extend.right, color=#ffffff80)
    mpr3line := line.new(bar_index, mpr3, bar_index, mpr3, width=1, extend=extend.right, color=#ffffff40)
    mpr2line := line.new(bar_index, mpr2, bar_index, mpr2, width=1, extend=extend.right, color=#ffffff40)
    mpr1line := line.new(bar_index, mpr1, bar_index, mpr1, width=1, extend=extend.right, color=#ffffff40)
    mpr0line := line.new(bar_index, mpr0, bar_index, mpr0, width=1, extend=extend.right, color=#ffffff40)
    ppline := line.new(bar_index, pp, bar_index, pp, width=2, extend=extend.right, color=color.blue)
    mps0line := line.new(bar_index, mps0, bar_index, mps0, width=1, extend=extend.right, color=#ffffff40)
    mps1line := line.new(bar_index, mps1, bar_index, mps1, width=1, extend=extend.right, color=#ffffff40)
    mps2line := line.new(bar_index, mps2, bar_index, mps2, width=1, extend=extend.right, color=#ffffff40)
    mps3line := line.new(bar_index, mps3, bar_index, mps3, width=1, extend=extend.right, color=#ffffff40)
    s1line := line.new(bar_index, s1, bar_index, s1, width=1, extend=extend.right, color=#ffffff80)
    s2line := line.new(bar_index, s2, bar_index, s2, width=1, extend=extend.right, color=#ffffff80)
    s3line := line.new(bar_index, s3, bar_index, s3, width=1, extend=extend.right, color=#ffffff80)
    s4line := line.new(bar_index, s4, bar_index, s4, width=1, extend=extend.right, color=#ffffff80)
    label.new(bar_index, r4, "R4", style=label.style_none, textcolor=color.white)
    label.new(bar_index, r3, "R3", style=label.style_none, textcolor=color.white)
    label.new(bar_index, r2, "R2", style=label.style_none, textcolor=color.white)
    label.new(bar_index, r1, "R1", style=label.style_none, textcolor=color.white)
    label.new(bar_index, mpr3, "MP", style=label.style_none, textcolor=#ffffff40)
    label.new(bar_index, mpr2, "MP", style=label.style_none, textcolor=#ffffff40)
    label.new(bar_index, mpr1, "MP", style=label.style_none, textcolor=#ffffff40)
    label.new(bar_index, mpr0, "MP", style=label.style_none, textcolor=#ffffff40)
    label.new(bar_index, pp, "PP", style=label.style_none, textcolor=color.white)
    label.new(bar_index, mps0, "MP", style=label.style_none, textcolor=#ffffff40)
    label.new(bar_index, mps1, "MP", style=label.style_none, textcolor=#ffffff40)
    label.new(bar_index, mps2, "MP", style=label.style_none, textcolor=#ffffff40)
    label.new(bar_index, mps3, "MP", style=label.style_none, textcolor=#ffffff40)
    label.new(bar_index, s1, "S1", style=label.style_none, textcolor=color.white)
    label.new(bar_index, s2, "S2", style=label.style_none, textcolor=color.white)
    label.new(bar_index, s3, "S3", style=label.style_none, textcolor=color.white)
    label.new(bar_index, s4, "S4", style=label.style_none, textcolor=color.white)

if not na(ppline) and line.get_x2(ppline) != bar_index
    line.set_x2(r4line, bar_index)
    line.set_x2(r3line, bar_index)
    line.set_x2(r2line, bar_index)
    line.set_x2(r1line, bar_index)
    line.set_x2(mpr3line, bar_index)
    line.set_x2(mpr2line, bar_index)
    line.set_x2(mpr1line, bar_index)
    line.set_x2(mpr0line, bar_index)
    line.set_x2(ppline, bar_index)
    line.set_x2(mps0line, bar_index)
    line.set_x2(mps1line, bar_index)
    line.set_x2(mps2line, bar_index)
    line.set_x2(mps3line, bar_index)
    line.set_x2(s1line, bar_index)
    line.set_x2(s2line, bar_index)
    line.set_x2(s3line, bar_index)
    line.set_x2(s4line, bar_index)

Overview

The indicator draws horizontal line objects directly on the main price chart, updating dynamically at the start of each new daily trading session. It provides structural key levels for identifying intraday support and resistance zones. Note that the script uses a higher-timeframe security call with lookahead enabled to retrieve daily session data.

Standard daily pivot levels with R1-R4 and S1-S4
Mid-pivot calculation between main pivot zones
Dynamic line drawings for daily support and resistance

Details

Published by

tistaharahap on GitHub

Code credit

tista, as written in the script's header

Type

Indicator, Pine Script v4

Draws

On the price chart

Markets

Any symbol

Timeframes

M1-M5, M15-H1

Risk Notes

Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time

File

pivots/dailypivots.pine

Repository

github.com/tistaharahap/tradingview-scripts. See its other scripts in the library

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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