OPEN-SOURCE SCRIPT
Pivot Points & Midlines with color selector
Updated
Adapted from Pinescript Manual's "Pivot Points Standard". Added extra levels and midlines as well as user inputs for color and a "show labels" on/off switch.
So this will show the Pivot level, the resulting levels R1,R2,R3,S1,S2,S3 and the midpoint lines between these.
User can choose the Higher timeframe period from which to calculate these pivot levels, as per the original script.
I like to add two of these to a chart, one for daily and one for weekly pivot levels.
If you don't need any particular level, just comment out the appropriate lines (one from each of the second last and third last blocks in the script).
So this will show the Pivot level, the resulting levels R1,R2,R3,S1,S2,S3 and the midpoint lines between these.
User can choose the Higher timeframe period from which to calculate these pivot levels, as per the original script.
I like to add two of these to a chart, one for daily and one for weekly pivot levels.
If you don't need any particular level, just comment out the appropriate lines (one from each of the second last and third last blocks in the script).
Release Notes
~added Previous day's high and Previous day's low~limited the number of historical levels as much as possible (you can tweak these by editing up the numbers in line 8; unfortunately, if you try to make them lower than 26, it throws an error)
Release Notes
~allow to show Previous day's highs & lows ONLY
~allow to show Pivot& midlines lines ONLY
(default is show all)
Release Notes
-show/hide previous day levels; added user option toggle on/off. Default is not show.Release Notes
-Added option to print price labels-Cleaned up code
Release Notes
-added label position choice (left or right).-added offset bars for current day's labels (offset +(right) or -(left) of last bar index. Only applies when label position is set to 'right'.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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BTC: 3JrhUwNRnKyqhaa1n1AXKeAubNeEFoch6S
ETH erc20: 0x4b0400B1c18503529ab69611e82a934DDe4Ab038
ETH bep20: 0x1F0f03F184079bb1085F8C9dF3a8191C9f5869B3
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