OPEN-SOURCE SCRIPT
Updated Pivot Points Standard w/ Future Pivots
Pivot Points Standard with Future Projections
This indicator displays traditional pivot point levels with an added feature to project future pivot levels based on the current period's price action.
Key Features:
Future Pivot Options:
The unique future pivot feature calculates what the next period's support and resistance levels would be using the current period's High, Low, Open, and either the current price or a custom price you specify for the closing value. Future pivots are displayed with customizable line styles (solid, dashed, dotted) and opacity to distinguish them from historical levels.
Use Cases:
Works on all timeframes and instruments.
This indicator displays traditional pivot point levels with an added feature to project future pivot levels based on the current period's price action.
Key Features:
- Multiple Pivot Types: Choose from Traditional, Fibonacci, Woodie, Classic, DM, and Camarilla pivot calculations
- Flexible Timeframes: Auto-detect or manually select Daily, Weekly, Monthly, Quarterly, Yearly, and multi-year periods
- Future Pivot Projections: Visualize potential pivot levels for the next period based on current price movement
- Custom Price Scenarios: Test "what-if" scenarios by entering a custom close price to see resulting pivot levels
- Customizable Display: Adjust line styles, colors, opacity, and label positioning for both historical and future pivots
- Historical Pivots: View up to 200 previous pivot periods for context
Future Pivot Options:
The unique future pivot feature calculates what the next period's support and resistance levels would be using the current period's High, Low, Open, and either the current price or a custom price you specify for the closing value. Future pivots are displayed with customizable line styles (solid, dashed, dotted) and opacity to distinguish them from historical levels.
Use Cases:
- Plan entries and exits based on projected support/resistance
- Scenario analysis with custom price targets
- Identify key levels before the period closes
- Multi-timeframe pivot analysis
Works on all timeframes and instruments.
Release Notes
Updated: Bug fixed that caused certain asset charts on timeframes not to calculate future pivots accurately.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.