This indicator calculates and plots standard pivot points along with multiple support (S1-S5) and resistance (R1-R5) levels directly on the price chart.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
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
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
Users can select from several calculation methods, including Traditional, Fibonacci, Woodie, Classic, DeMark, and Camarilla, anchored to automated or explicit higher timeframes ranging from daily to multi-year cycles. Inputs allow toggling individual level visibility, adjusting line widths, configuring colors, and displaying customizable price labels on the left or right. Higher-timeframe data references may include lookahead behavior across historical periods.
Multiple calculation methods including Traditional, Fibonacci, Woodie, and Camarilla
Configurable anchor timeframes from intraday to multi-year intervals
Customizable support and resistance levels up to S5 and R5
Adjustable level labels, prices, line widths, and color schemes
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Type
string
Traditional
pivotTypeInput
Pivots Timeframe
string
Auto
pivotAnchorInput
Number of Pivots Back
int
15
maxHistoricalPivotsInput
Use Daily-based Values
bool
true
isDailyBasedInput
Show Labels
bool
true
showLabelsInput
Show Prices
bool
true
showPricesInput
Labels Position
string
Left
positionLabelsInput
Line Width
int
1
linewidthInput
P
color
DEFAULT_COLOR
pColorInput
pShowInput
bool
true
pShowInput
S1
color
DEFAULT_COLOR
s1ColorInput
s1ShowInput
bool
true
s1ShowInput
Show all 40 settings
Setting
Type
Default
Variable
R1
color
DEFAULT_COLOR
r1ColorInput
r1ShowInput
bool
true
r1ShowInput
S2
color
DEFAULT_COLOR
s2ColorInput
s2ShowInput
bool
true
s2ShowInput
R2
color
DEFAULT_COLOR
r2ColorInput
r2ShowInput
bool
true
r2ShowInput
S3
color
DEFAULT_COLOR
s3ColorInput
s3ShowInput
bool
true
s3ShowInput
R3
color
DEFAULT_COLOR
r3ColorInput
r3ShowInput
bool
true
r3ShowInput
S4
color
DEFAULT_COLOR
s4ColorInput
s4ShowInput
bool
true
s4ShowInput
R4
color
DEFAULT_COLOR
r4ColorInput
r4ShowInput
bool
true
r4ShowInput
S5
color
DEFAULT_COLOR
s5ColorInput
s5ShowInput
bool
true
s5ShowInput
R5
color
DEFAULT_COLOR
r5ColorInput
r5ShowInput
bool
true
r5ShowInput
Setup - Require price flip for initiation
bool
true
priceFlipRequired
Setup - Show Buy Setup
bool
true
showBuySetup
Setup - Show Sell Setup
bool
true
showSellSetup
Setup - Show Only Completed Nines
bool
false
showOnlySetupNine
Setup Trend - Show Resistance Lines
bool
true
showResistance
Setup Trend - Show Support Lines
bool
true
showSupport
Countdown - Show Buy Countdown
bool
true
showBuyCountdown
Countdown - Show Sell Countdown
bool
true
showSellCountdown
Risk Lines - Show (Beta)
bool
false
showRiskLines
Swing Detection Lookback
int
14
length
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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