Indicator · Pine Script v5 · On the chart

MES + XSP Busby Pivot

by majohnst

This indicator draws Busby-style pivot levels on the price chart for XSP, using a selectable MES or ES futures symbol.

View on GitHub

GitHub stars1on the repository
Pine versionv5runs as is
Lines of code189
Settings8inputs
LicenceNone stated
Last update3 months ago1 Jul 2026

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

MES + XSP Busby Pivot stores New York premarket highs, lows, and closes on the chart and on a 15-minute MES series, then builds an opening-range box after the regular-session open. Multipliers scale two level distances, a percentage band marks MES as neutral, and an option can snap levels to the nearest option strike. Labels can show the open and an entry reference. It is not a strategy and does not set stops or exits.

Details

Published by

majohnst on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

Category

Support & resistance, Sessions & time

Markets

Indices

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
MES / ES SymbolsymbolCME_MINI:ES1!mesSymbol
Snap levels to nearest option strikebooltruesnapEnabled
MES neutral band (%)float0.10sentThresh
Level 1 multiplierfloat0.25lvl1Mult
Level 2 multiplierfloat0.50lvl2Mult
Show Opening Range boxbooltrueshowOR
Opening Range (minutes)int15orMins
Show open label + entry referencebooltrueshowLabels
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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