The following script helps you instantly plot yearly and monthly plots for indices, equities, commodities etc. This can help you know the major monthly and yearly resistances and support. The pivots described in the book are discussed in " Secrets of a Pivot Boss" by Franklin O. Ochoa.
---------------------------------------------------------------------------------------------------------------------------------------- Yearly Pivots : Floor pivots - The yearly pivots are labelled for quick reference. YR1 - Yearly Resistance 1 - Black line YR2 - Yearly Resistance 2 - Black line YPP - Yearly CPR - Blue circles YS1 - Yearly Support 1 - Green line
Note : S2 and S3 are not plotted as they are rarely touched over the course of a year.
Camarilla pivots - YH3,YH4 - Fuchsia line YL3,YL4 - Orange line
---------------------------------------------------------------------------------------------------------------------------------------- Monthly Pivots : The monthly pivots have same color code as yearly pivots. Floor pivots - The following are plotted :- R1,R2,R3,R4,S1,S2 - step_line CPR - cross
Constructive feedback appreciated. Disclaimer : The indicators, strategies, columns, articles and all other features discussed here are for educational purposes only and should not be construed as investment and/or trading advice/tips.
Can you add mid points R1 and pivot and S1 and pivot?
Basileus
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Thank you for your work and a wonderful script, the best implementation ever! Was wondering if you'd also add yearly H5/L5 as they are missing somehow? Thank you!
Mohammadekhlaque
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Can you please add Yearly S2 pivot in it?
SaiKamesh
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hello sir , if you don't mind can you share the pine script of this indicator . I am trying to merge some of the indicators . It will be useful if you share the pine script of this indicator
Thanks & regards
raghavs1ngh
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Updated color code so that it can be used in dark mode :
Yearly resistance - White
Monthly resistance - Red