Pivot Trendlines v2: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

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

198 lines of Pine Script v5 from Tradingview/pivot-trendlines-v2.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

pivot-trendlines-v2.pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © goodgains


//@version=5
indicator("Pivot Trendlines_v2", overlay = true)

// @keywords: pivot-trendlines-v2, pivot-high-low, horizontal-support-resistance, diagonal-trendlines, three-trendline-groups, extend-trendline-options, pivot-length-config, support-resistance-lines, valuewhen-pivots, trendline-styles, multi-pivot-length, horizontal-resistance, horizontal-support, sloping-resistance, sloping-support, line-extend-modes, pivot-based-lines, configurable-line-style, three-pivot-groups, overlay-trendlines

trendline_options = input.string("Extend", title = 'Trendline Extending', options = ['Extend', 'Extend Horizontal', 'No Extend'])

n  = input.int(1, title = 'Pivot Length', inline = '1', group = 'Trendline Group 1', minval = 1)
hs_color1 = input.color(color.gray, title = "Horizontal Support    ", inline = '2', group = 'Trendline Group 1')
hr_color1 = input.color(color.gray, title = "Horizontal Resistance  ", inline = '3', group = 'Trendline Group 1')
ts_color1 = input.color(color.gray, title = "Trendline Support     ", inline = '4', group = 'Trendline Group 1')
tr_color1 = input.color(color.gray, title = "Trendline Resistance  ", inline = '5', group = 'Trendline Group 1')

_style_hs1  = input.string('Solid', title = '', options = ['Solid', 'Dotted', 'Dashed'], group = 'Trendline Group 1', inline = '2')
_style_hr1   = input.string('Solid', title = '', options = ['Solid', 'Dotted', 'Dashed'], group = 'Trendline Group 1', inline = '3')
_style_ts1   = input.string('Solid', title = '', options = ['Solid', 'Dotted', 'Dashed'], group = 'Trendline Group 1', inline = '4')
_style_tr1   = input.string('Solid', title = '', options = ['Solid', 'Dotted', 'Dashed'], group = 'Trendline Group 1', inline = '5')

style_hs1 = _style_hs1 == "Solid" ? line.style_solid : _style_hs1 == "Dotted" ? line.style_dotted : line.style_dashed
style_hr1 = _style_hr1 == "Solid" ? line.style_solid : _style_hr1 == "Dotted" ? line.style_dotted : line.style_dashed
style_ts1 = _style_ts1 == "Solid" ? line.style_solid : _style_ts1 == "Dotted" ? line.style_dotted : line.style_dashed
style_tr1 = _style_tr1 == "Solid" ? line.style_solid : _style_tr1 == "Dotted" ? line.style_dotted : line.style_dashed


n2 = input.int(2, title = 'Pivot Length', inline = '1', group = 'Trendline Group 2', minval = 1)
hs_color2 = input.color(color.gray, title = "Horizontal Support    ", inline = '2', group = 'Trendline Group 2')
hr_color2 = input.color(color.gray, title = "Horizontal Resistance  ", inline = '3', group = 'Trendline Group 2')
ts_color2 = input.color(color.gray, title = "Trendline Support     ", inline = '4', group = 'Trendline Group 2')
tr_color2 = input.color(color.gray, title = "Trendline Resistance  ", inline = '5', group = 'Trendline Group 2')

_style_hs2  = input.string('Solid', title = '', options = ['Solid', 'Dotted', 'Dashed'], group = 'Trendline Group 2', inline = '2')
_style_hr2   = input.string('Solid', title = '', options = ['Solid', 'Dotted', 'Dashed'], group = 'Trendline Group 2', inline = '3')
_style_ts2   = input.string('Solid', title = '', options = ['Solid', 'Dotted', 'Dashed'], group = 'Trendline Group 2', inline = '4')
_style_tr2   = input.string('Solid', title = '', options = ['Solid', 'Dotted', 'Dashed'], group = 'Trendline Group 2', inline = '5')

style_hs2 = _style_hs2 == "Solid" ? line.style_solid : _style_hs2 == "Dotted" ? line.style_dotted : line.style_dashed
style_hr2 = _style_hr2 == "Solid" ? line.style_solid : _style_hr2 == "Dotted" ? line.style_dotted : line.style_dashed
style_ts2 = _style_ts2 == "Solid" ? line.style_solid : _style_ts2 == "Dotted" ? line.style_dotted : line.style_dashed
style_tr2 = _style_tr2 == "Solid" ? line.style_solid : _style_tr2 == "Dotted" ? line.style_dotted : line.style_dashed


n3 = input.int(3, title = 'Pivot Length', inline = '1', group = 'Trendline Group 3', minval = 1)
hs_color3 = input.color(color.gray, title = "Horizontal Support    ", inline = '2', group = 'Trendline Group 3')
hr_color3 = input.color(color.gray, title = "Horizontal Resistance  ", inline = '3', group = 'Trendline Group 3')
ts_color3 = input.color(color.gray, title = "Trendline Support     ", inline = '4', group = 'Trendline Group 3')
tr_color3 = input.color(color.gray, title = "Trendline Resistance  ", inline = '5', group = 'Trendline Group 3')

_style_hs3  = input.string('Solid', title = '', options = ['Solid', 'Dotted', 'Dashed'], group = 'Trendline Group 3', inline = '2')
_style_hr3   = input.string('Solid', title = '', options = ['Solid', 'Dotted', 'Dashed'], group = 'Trendline Group 3', inline = '3')
_style_ts3   = input.string('Solid', title = '', options = ['Solid', 'Dotted', 'Dashed'], group = 'Trendline Group 3', inline = '4')
_style_tr3   = input.string('Solid', title = '', options = ['Solid', 'Dotted', 'Dashed'], group = 'Trendline Group 3', inline = '5')

style_hs3 = _style_hs3 == "Solid" ? line.style_solid : _style_hs3 == "Dotted" ? line.style_dotted : line.style_dashed
style_hr3 = _style_hr3 == "Solid" ? line.style_solid : _style_hr3 == "Dotted" ? line.style_dotted : line.style_dashed
style_ts3 = _style_ts3 == "Solid" ? line.style_solid : _style_ts3 == "Dotted" ? line.style_dotted : line.style_dashed
style_tr3 = _style_tr3 == "Solid" ? line.style_solid : _style_tr3 == "Dotted" ? line.style_dotted : line.style_dashed



f_calculate_and_draw_lines(p_length, 
 _h_resistance, _h_resistancestyle, _h_support, _h_supportstyle, 
 _t_resistance, _t_resistancestyle, _t_support, _t_supportstyle) =>

    ph = ta.pivothigh(high, 0, p_length) and high[p_length] == ta.highest(high[p_length], p_length) 
    pl = ta.pivotlow(low, 0, p_length)   and low[p_length]   == ta.lowest(low[p_length], p_length) 

    csh = ta.valuewhen(ph, high[p_length], 0)
    csl = ta.valuewhen(pl, low[p_length], 0)
    psh = ta.valuewhen(ph, high[p_length], 1)
    psl = ta.valuewhen(pl, low[p_length], 1)

    csh_time = ta.valuewhen(ph, bar_index[p_length], 0)
    csl_time  = ta.valuewhen(pl, bar_index[p_length], 0)
    psh_time  = ta.valuewhen(ph, bar_index[p_length], 1)
    psl_time  = ta.valuewhen(pl, bar_index[p_length], 1)

    var line hl_resistance = na
    var line hl_resistance2 = na
    var line hl_support = na
    var line hl_support2 = na
    var line tl_resistance = na
    var line tl_support = na

    resistance_1 = csh
    resistance_2 = psh
    support_1 = csl
    support_2 = psl

    resistance_slope = (csh - psh) / (csh_time - psh_time)
    support_slope = (csl - psl) / (csl_time - psl_time)

    resistance_tl = resistance_slope*(bar_index-csh_time) + csh
    support_tl = support_slope*(bar_index-csl_time) + csl

    if not na(ph)
        line.delete(hl_resistance[1])
        line.delete(hl_resistance2[1])
        line.delete(tl_resistance[1])

        hl_resistance := line.new(x1=csh_time, y1=csh, x2=bar_index, y2=csh, xloc=xloc.bar_index,
         color=_h_resistance, style = _h_resistancestyle, extend= trendline_options == 'Extend' ? extend.right : extend.none)
        hl_resistance2 := line.new(x1=psh_time, y1=psh, x2=bar_index, y2=psh, xloc=xloc.bar_index,
         color=_h_resistance, style = _h_resistancestyle, extend= trendline_options == 'Extend' ? extend.right : extend.none)
        tl_resistance := line.new(x1=psh_time, y1=psh, x2=bar_index, y2=resistance_tl, xloc=xloc.bar_index,
         color=_t_resistance, style = _t_resistancestyle, extend= trendline_options == 'Extend' ? extend.right : extend.none)

    if not na(pl)
        line.delete(hl_support[1])
        line.delete(hl_support2[1])
        line.delete(tl_support[1])

        hl_support := line.new(x1=csl_time, y1=csl, x2=bar_index, y2=csl, xloc=xloc.bar_index,
         color=_h_support, style = _h_supportstyle, extend= trendline_options == 'Extend' ? extend.right : extend.none)
        hl_support2 := line.new(x1=psl_time, y1=psl, x2=bar_index, y2=psl, xloc=xloc.bar_index,
         color=_h_support, style = _h_supportstyle, extend= trendline_options == 'Extend' ? extend.right : extend.none)
        tl_support := line.new(x1=psl_time, y1=psl, x2=bar_index, y2=support_tl, xloc=xloc.bar_index,
         color=_t_support, style = _t_supportstyle, extend= trendline_options == 'Extend' ? extend.right : extend.none)


    var line hl_resistance_extend = na
    var line hl_resistance2_extend  = na
    var line hl_support_extend  = na
    var line hl_support2_extend  = na
    var line tl_resistance_extend  = na
    var line tl_support_extend  = na
    if trendline_options == 'Extend Horizontal' and barstate.islast
        line.delete(hl_resistance_extend[1])
        line.delete(hl_resistance2_extend[1])
        line.delete(tl_resistance_extend[1])

        hl_resistance := line.new(x1=bar_index, y1=csh, x2=bar_index+200, y2=csh, xloc=xloc.bar_index,
         color=_h_resistance, style = _h_resistancestyle, extend= extend.right)
        hl_resistance2 := line.new(x1=bar_index, y1=psh, x2=bar_index+200, y2=psh, xloc=xloc.bar_index,
         color=_h_resistance, style = _h_resistancestyle, extend= extend.right)
        tl_resistance := line.new(x1=bar_index, y1=resistance_tl, x2=bar_index+200, y2=resistance_tl, xloc=xloc.bar_index,
         color=_t_resistance, style = _t_resistancestyle, extend= extend.right)

        line.delete(hl_support_extend[1])
        line.delete(hl_support2_extend[1])
        line.delete(tl_support_extend[1])

        hl_support := line.new(x1=bar_index, y1=csl, x2=bar_index+5, y2=csl, xloc=xloc.bar_index,
         color=_h_support, style = _h_supportstyle, extend= extend.right)
        hl_support2 := line.new(x1=bar_index, y1=psl, x2=bar_index+5, y2=psl, xloc=xloc.bar_index,
         color=_h_support, style = _h_supportstyle, extend= extend.right)
        tl_support := line.new(x1=bar_index, y1=support_tl, x2=bar_index+5, y2=support_tl, xloc=xloc.bar_index,
         color=_t_support, style = _t_supportstyle, extend= extend.right)

    [resistance_1, resistance_2, resistance_tl, support_1, support_2, support_tl]




[r1_1, r1_2, tl_resistance1, s1_1, s1_2, tl_support1] = f_calculate_and_draw_lines(n, 
 hr_color1, style_hr1, hs_color1, style_hs1, 
 tr_color1, style_tr1, ts_color1, style_ts1)

[r2_1, r2_2, tl_resistance2, s2_1, s2_2, tl_support2] = f_calculate_and_draw_lines(n2, 
 hr_color2, style_hr2, hs_color2, style_hs2, 
 tr_color2, style_tr2, ts_color2, style_ts2)

[r3_1, r3_2, tl_resistance3, s3_1, s3_2, tl_support3] = f_calculate_and_draw_lines(n3, 
 hr_color3, style_hr3, hs_color3, style_hs3, 
 tr_color3, style_tr3, ts_color3, style_ts3)


plot(r1_1, color = hr_color1, title = 'Group 1 R1', show_last = 1)
plot(r2_1, color = hr_color2, title = 'Group 2 R1', show_last = 1)
plot(r3_1, color = hr_color3, title = 'Group 3 R1', show_last = 1)
plot(s1_1, color = hs_color1, title = 'Group 1 S1', show_last = 1)
plot(s2_1, color = hs_color2, title = 'Group 2 S1', show_last = 1)
plot(s3_1, color = hs_color3, title = 'Group 3 S1', show_last = 1)

plot(r1_2, color = hr_color1, title = 'Group 1 R1', show_last = 1)
plot(r2_2, color = hr_color2, title = 'Group 2 R2', show_last = 1)
plot(r3_2, color = hr_color3, title = 'Group 3 R2', show_last = 1)
plot(s1_2, color = hs_color1, title = 'Group 1 R2', show_last = 1)
plot(s2_2, color = hs_color2, title = 'Group 2 R2', show_last = 1)
plot(s3_2, color = hs_color3, title = 'Group 3 R2', show_last = 1)

plot(tl_resistance1,    color = tr_color1, title = 'Group 1 TL R1', show_last = 1)
plot(tl_support1,       color = ts_color1, title = 'Group 1 TL S1', show_last = 1)
plot(tl_resistance2,    color = tr_color2, title = 'Group 2 TL R2', show_last = 1)
plot(tl_support2,       color = ts_color2, title = 'Group 2 TL S2', show_last = 1)
plot(tl_resistance3,    color = tr_color3, title = 'Group 3 TL R3', show_last = 1)
plot(tl_support3,       color = ts_color3, title = 'Group 3 TL S3', show_last = 1)


// f_extend_to_current_bar() =>


// ph = ta.pivothigh(high, 0, n) and high[n] == ta.highest(high[n], n) 
// pl = ta.pivotlow(low, 0, n)   and low[n]   == ta.lowest(low[n], n) 
// barcolor(ph?color.red : pl?color.green : na, offset = -n)

Overview

Pivot Trendlines v2 provides three independent groups of pivot length settings, allowing traders to monitor short-term and long-term key levels simultaneously. Users can customize line extension modes, colors, and line styles for each level type. Pivot points rely on historical confirmation bars, introducing a slight delay before new trendlines appear.

Three configurable pivot length groups
Horizontal support and resistance lines
Sloping diagonal trendlines
Configurable line extension options
Customizable line colors and styles

Details

Published by

g-moe on GitHub

Code credit

goodgains, as written in the script's header

Type

Indicator, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

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.

File

Tradingview/pivot-trendlines-v2.pine

Repository

github.com/g-moe/Trading-Indicators. See its other scripts in the library

Settings

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

Setting	Type	Default	Variable
Trendline Extending	`string`	`Extend`	`trendline_options`
Pivot Length	`int`	`1`	`n`
Horizontal Support	`color`	`color.gray`	`hs_color1`
Horizontal Resistance	`color`	`color.gray`	`hr_color1`
Trendline Support	`color`	`color.gray`	`ts_color1`
Trendline Resistance	`color`	`color.gray`	`tr_color1`
_style_hs1	`string`	`Solid`	`_style_hs1`
_style_hr1	`string`	`Solid`	`_style_hr1`
_style_ts1	`string`	`Solid`	`_style_ts1`
_style_tr1	`string`	`Solid`	`_style_tr1`
Pivot Length	`int`	`2`	`n2`
Horizontal Support	`color`	`color.gray`	`hs_color2`

Show all 28 settings

Setting	Type	Default	Variable
Horizontal Resistance	`color`	`color.gray`	`hr_color2`
Trendline Support	`color`	`color.gray`	`ts_color2`
Trendline Resistance	`color`	`color.gray`	`tr_color2`
_style_hs2	`string`	`Solid`	`_style_hs2`
_style_hr2	`string`	`Solid`	`_style_hr2`
_style_ts2	`string`	`Solid`	`_style_ts2`
_style_tr2	`string`	`Solid`	`_style_tr2`
Pivot Length	`int`	`3`	`n3`
Horizontal Support	`color`	`color.gray`	`hs_color3`
Horizontal Resistance	`color`	`color.gray`	`hr_color3`
Trendline Support	`color`	`color.gray`	`ts_color3`
Trendline Resistance	`color`	`color.gray`	`tr_color3`
_style_hs3	`string`	`Solid`	`_style_hs3`
_style_hr3	`string`	`Solid`	`_style_hr3`
_style_ts3	`string`	`Solid`	`_style_ts3`
_style_tr3	`string`	`Solid`	`_style_tr3`

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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