Indicator · Pine Script v5 · On the chart

Pivot Points Standard

by bfoura

This indicator plots standard pivot points on the price chart using prior high, low, and close.

View on GitHub

Repaints

GitHub stars4on the repository
Pine versionv5runs as is
Lines of code377
Settings20inputs
LicenceNone stated
Last update4 years ago15 Oct 2022

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

Pivot Points Standard supports Traditional, Fibonacci, Woodie, Classic, Demark, and Camarilla calculations and can show daily, weekly, and monthly levels together. Users choose how many past pivots to keep, whether values use daily-based data, and which pivot and support or resistance pairs to display. Optional labels sit left or right of the lines. The code reads higher-timeframe data with lookahead enabled.

Details

Published by

bfoura on GitHub

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

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

Settings

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

SettingTypeDefaultVariable
TypestringTraditionalkind
Show Daily Pivotsbooltrueshow_daily_pivots
Show Weekly Pivotsbooltrueshow_weekly_pivots
Show Monthly Pivotsbooltrueshow_monthly_pivots
Number of Pivots Backint15look_back
Use Daily-based Valuesbooltrueis_daily_based
Show Labelsbooltrueshow_labels
position_labelsstringLeftposition_labels
P‏ ‏ ‏ ‏ ‏ ‏ ‏ ‏booltruep_show
p_colorcolorDEF_COLORp_color
S1/R1booltrues1r1_show
s1r1_colorcolorDEF_COLORs1r1_color
Show all 20 settings
SettingTypeDefaultVariable
S2/R2booltrues2r2_show
s2r2_colorcolorDEF_COLORs2r2_color
S3/R3booltrues3r3_show
s3r3_colorcolorDEF_COLORs3r3_color
S4/R4booltrues4r4_show
s4r4_colorcolorDEF_COLORs4r4_color
S5/R5booltrues5r5_show
s5r5_colorcolorDEF_COLORs5r5_color
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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