SteynTrade

Pivots Daily Weekly Monthly Yearly

Daily, Weekly, Monthly and yearly pivot lines
Just the pivot lines without the support and resistance lines
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//@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)
SteynTrade
4 months ago
Please note these pivots are calculated on the open price of the previous period and not the close as is the standard methodology.
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