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
62 lines of Pine Script v6 from lib/reversals/pivotext/pivotext.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
Pivot Points (Extended) takes the prior high, low, and close of a selected daily, weekly, or monthly timeframe and calculates the central pivot plus five resistance levels and five support levels. Each level can be shown or hidden, and the pivot, resistance, and support colors are adjustable. Levels are drawn as steplines. It does not generate trade entries, exits, or stops.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Pivot Timeframe
timeframe
D
i_timeframe
Show Pivot Point
bool
true
i_show_pp
Show R1
bool
true
i_show_r1
Show R2
bool
true
i_show_r2
Show R3
bool
true
i_show_r3
Show R4
bool
true
i_show_r4
Show R5
bool
true
i_show_r5
Show S1
bool
true
i_show_s1
Show S2
bool
true
i_show_s2
Show S3
bool
true
i_show_s3
Show S4
bool
true
i_show_s4
Show S5
bool
true
i_show_s5
Show all 15 settings
Setting
Type
Default
Variable
PP Color
color
color.yellow
i_color_pp
Resistance Color
color
color.red
i_color_r
Support Color
color
color.green
i_color_s
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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