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Pine Script for a TradingView indicator: Pivot Points
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| // @version=3 | |
| // | |
| // Pivot Points indicator, calculated in the "traditional" way, also called "floor-trader pivots". | |
| // | |
| // Additionally, and optional to the user, the halves between the key levels are also shown. | |
| // | |
| // The Default chosen Time Frame to calculate the pivot points is: | |
| // Daily (D) if within intraday | |
| // Weekly (W) if within daily chart | |
| // Monthly (M) if within weekly chart | |
| // 3 Months (3M) if within monthly chart | |
| // | |
| // | |
| // # Advantages over TV's indicator "Pivot Points Standard" | |
| // 1. Show pivot lines for all history, which lets you gauge trading strategies throughout time | |
| // 2. More sensible Default/Auto time frame; e.g. on intradays only and always the market values of yesterday's Day are used | |
| // 3. The halves between the key levels are also shown, which it's useful for some trading strategies | |
| // 4. Arguably out-of-the-box nicer interface | |
| // | |
| // | |
| // | |
| // Author: Juan Miguel Cejuela (@juanmirocks) | |
| // Source: https://gist.github.com/juanmirocks/c914bd78dd43e910c5e76f12ceb875f4 | |
| // Updated: 2019-05-16 | |
| // | |
| study(title="Pivot Points, by @juanmirocks", shorttitle="PP", overlay=true) | |
| defaultTimeFrame = ((isintraday) ? "D" : ((isdaily) ? "W" : ((isweekly) ? "M" : "3M"))) | |
| inputTimeFrame = input(title="Time Frame", type=string, defval="Default") | |
| chosenTimeFrame = (inputTimeFrame == "Default") ? defaultTimeFrame : inputTimeFrame | |
| getSeries(e) => security(tickerid, chosenTimeFrame, e, lookahead=barmerge.lookahead_on) | |
| H = getSeries(high[1]) | |
| L = getSeries(low[1]) | |
| C = getSeries(close[1]) | |
| // Main Pivot | |
| P = (H + L + C) / 3 | |
| // Resistence Levels | |
| R3 = H + 2*(P - L) | |
| R2 = P + (H - L) | |
| R1 = (P * 2) - L | |
| // Support Levels | |
| S1 = (P * 2) - H | |
| S2 = P - (H - L) | |
| S3 = L - 2*(H - P) | |
| // Optional Halves between levels | |
| R2_5 = (R2 + R3) / 2 //aka R2.5 | |
| R1_5 = (R1 + R2) / 2 //aka R1.5 | |
| R0_5 = (P + R1) / 2 //aka R0.5 | |
| // | |
| S0_5 = (P + S1) / 2 //aka S0.5 | |
| S1_5 = (S1 + S2) / 2 //aka S1.5 | |
| S2_5 = (S2 + S3) / 2 //aka S2.5 | |
| //UX Input Arguments | |
| pColor = #ffa100 | |
| rColor = green | |
| sColor = red | |
| myWidthMainLevels = input(title="Line width for Main levels", type=integer, defval=3, minval=1) | |
| myWidthHalfLevels = input(title="Line width for Half levels", type=integer, defval=1, minval=1) | |
| myStyle = linebr | |
| plot(R3, title="R3", color=rColor, linewidth=myWidthMainLevels, style=myStyle) | |
| plot(R2_5, title="R2.5", color=rColor, linewidth=myWidthHalfLevels, style=myStyle) | |
| plot(R2, title="R2", color=rColor, linewidth=myWidthMainLevels, style=myStyle) | |
| plot(R1_5, title="R1.5", color=rColor, linewidth=myWidthHalfLevels, style=myStyle) | |
| plot(R1, title="R1", color=rColor, linewidth=myWidthMainLevels, style=myStyle) | |
| plot(R0_5, title="R0.5", color=rColor, linewidth=myWidthHalfLevels, style=myStyle) | |
| plot(P, title="P", color=pColor, linewidth=myWidthMainLevels, style=myStyle) | |
| plot(S0_5, title="S0.5", color=sColor, linewidth=myWidthHalfLevels, style=myStyle) | |
| plot(S1, title="S1", color=sColor, linewidth=myWidthMainLevels, style=myStyle) | |
| plot(S1_5, title="S1.5", color=sColor, linewidth=myWidthHalfLevels, style=myStyle) | |
| plot(S2, title="S2", color=sColor, linewidth=myWidthMainLevels, style=myStyle) | |
| plot(S2_5, title="S2.5", color=sColor, linewidth=myWidthHalfLevels, style=myStyle) | |
| plot(S3, title="S3", color=sColor, linewidth=myWidthMainLevels, style=myStyle) |
fikira12
commented
Jan 2, 2021
via email
Hi,
I'm not an IT person too 😁😉
Just see what for example R1 and S1 is, what the difference is, and where
R1 and S1 is used further in the script.
When you figure this out, you can create a separate 0.236 & 0.786 level
(for example R4 , S4 & R5, S5)
Good luck!
Op vr 1 jan. 2021 om 17:54 schreef dockapil <notifications@github.com>:
… ***@***.**** commented on this gist.
------------------------------
Hi,
I wanted to add 5 levels to Pivot Point Standard - Fibonacci but currently
there are only 3 levels.
Can you please help me out with pine script as I am not an IT person?
I found some code on Trading view about Fibonacci pivots but I don't know
how to add two more levels which are 0.236 and 0.786
PP = (HIGHprev + LOWprev + CLOSEprev) / 3
R1 = PP + 0.382 * (HIGHprev - LOWprev)
S1 = PP - 0.382 * (HIGHprev - LOWprev)
R2 = PP + 0.618 * (HIGHprev - LOWprev)
S2 = PP - 0.618 * (HIGHprev - LOWprev)
R3 = PP + (HIGHprev - LOWprev)
S3 = PP - (HIGHprev - LOWprev)
Thanks
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hello do you have the code to remove pivot history cordially
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