SteynTrade

Pivots Daily Weekly Monthly Yearly

Daily, Weekly, Monthly and yearly pivot lines
Just the pivot lines without the support and resistance lines
Remove from Favorite Scripts Add to Favorite Scripts
//@Pivots Daily, Weekly, Monthly, Yearly


study(title="Pivot line", shorttitle="Pivots", overlay=true)

sd = input(true, title="Show Daily Pivots?")
sw = input(true, title="Show Weekly Pivots?")
sm = input(true, title="Show Monthly Pivots?")
sy = input(true, title="Show Yearly Pivots?")

dopen = security(tickerid, "D", open[1])
dhigh = security(tickerid, "D", high[1])
dlow = security(tickerid, "D" , low[1])

dcolor=dopen != dopen[1] ? na : black
dpivot = (dopen + dhigh + dlow ) / 3.0 
plot(sd and dpivot ? dpivot:na,title="Daily Pivot", style=line, color=dcolor, linewidth=2)

wopen = security(tickerid, "W", open[1])
whigh = security(tickerid, "W", high[1])
wlow = security(tickerid, "W", low[1])

wcolor=wopen != wopen[1] ? na : blue
wpivot = (wopen + whigh + wlow ) / 3.0 
plot(sw and wpivot ? wpivot:na,title="Weekly Pivot", style=line, color=wcolor, linewidth=2)

mopen = security(tickerid, "M", open[1])
mhigh = security(tickerid, "M", high[1])
mlow = security(tickerid, "M", low[1])

mcolor=mopen != mopen[1] ? na : black
mpivot = (mopen + mhigh + mlow ) / 3.0 
plot(sm and mpivot ? mpivot:na,title="Monthly Pivot", style=line, color=mcolor, linewidth=2)

yopen = security(tickerid, "12M", open[1])
yhigh = security(tickerid, "12M", high[1])
ylow = security(tickerid, "12M", low[1])

ycolor=yopen != yopen[1] ? na : red
ypivot = (yopen + yhigh + ylow ) / 3.0 
plot(sm and ypivot ? ypivot:na,title="Yearly Pivot", style=line, color=ycolor, linewidth=2)
Please note these pivots are calculated on the open price of the previous period and not the close as is the standard methodology.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out