An overlay that draws two sets of pivot levels from the previous day's range: a classic pivot with first resistance and support, and a close-based pivot with levels half a range above and below.
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
The range comes from daily data, or weekly or monthly on higher chart timeframes, with special session handling for Istanbul exchange symbols. Options show or hide each set, color levels on breakout, invert colors and choose line, cross or circle styles. Inputs and comments are partly in Turkish.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Show/Hide PHL1?
bool
true
ShowPHL1
Show/Hide PHL2?
bool
true
ShowPHL2
Breakout Colors?
bool
true
Breakout
Invert Colors?
bool
false
InvertCL
PVT1
color
color.blue
pvt1_col
PVT2
color
color.orange
pvt2_col
R1
color
color.green
r1_col
S1
color
color.red
s1_col
R2
color
color.green
r2_col
S2
color
color.red
s2_col
Box-Up
color
color.green
box_up_col
Box-Down
color
color.orange
box_down_col
Show all 16 settings
Setting
Type
Default
Variable
Resistance Zone
color
color.red
invertr_col
Support Zone
color
color.green
inverts_col
Line Type
string
Line
i_style
Linewidth
int
1
i_width
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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