Indicator · Pine Script v5 · On the chart

Floor Trader Pivots

by JoeTonDev

An overlay that plots classic floor trader pivot levels: a pivot point, with support and resistance pairs one to three, as circles.

View on GitHub

GitHub stars1on the repository
Pine versionv5runs as is
Lines of code189
Settings8inputs
LicenceNone stated
Last update2 years ago11 Aug 2024

Add It to Your TradingView Chart

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

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

The inputs come from the previous day, the previous week or the previous custom intraday session, chosen in a menu. Toggles show or hide the pivot point and each level pair, a session time range can be highlighted, and labels are optional. Daily and weekly data are requested with a one-bar offset so values are known at the start of the period.

Details

Published by

JoeTonDev on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

Category

Support & resistance, Sessions & time

Markets

Any symbol

Timeframes

M15-H1

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Pivot TypestringDailypivotType
Plot PPbooltrueplotPP
Plot S1 and R1booltrueplotS1R1
Plot S2 and R2booltrueplotS2R2
Plot S3 and R3boolfalseplotS3R3
Trading Sessionsession0800-1600sessRange
Highlight Session?boolfalseshowSess
Show Labels?boolfalseshowLabels
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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