Pivot Points Standard
Pivots Traditional with Alerts is an indicator that calculates standard (Traditional) Pivot Point levels and provides alerts when price interacts with these levels.
What the indicator does
• Calculates the main Pivot level (P) and support/resistance levels (S1, S2, S3, R1, R2, R3) using the previous period’s High, Low, and Close (HLC).
• Updates automatically when a new pivot period begins (e.g., new day, week, or month depending on the selected Pivot Timeframe).
• Visually plots the pivot levels on the chart for easy reference.
Alerts
The indicator allows alerts for:
• Price touching a pivot level
• Price breaking above or below a pivot level
Alerts can be enabled individually for each level (P, S1–S3, R1–R3).
Inputs
• Pivot Timeframe — timeframe used for pivot calculations (Daily, Weekly, Monthly, etc.).
• Number of Pivots Back — how many previous pivot sets to display.
• Show Labels/Prices — toggle level labels and price values.
• Enable/disable specific pivot levels (P, S1–S3, R1–R3).
Calculation (Traditional formula)
P = (High + Low + Close) / 3
R1 = 2*P − Low
S1 = 2*P − High
R2 = P + (High − Low)
S2 = P − (High − Low)
R3 = High + 2*(P − Low)
S3 = Low − 2*(High − P)
Usage
Traditional pivots are commonly used to identify potential intraday or swing support/resistance areas, reversals, and price targets. Alerts allow you to monitor these levels without constantly watching the chart.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact BaldB directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact BaldB directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.