RicardoSantos

[RS]Shifted Pivots V1

update: added weekly and monthly pivots , the offset is a average approximation so there may be inconsistency on the date forecasted to be end of week/month.
(using diferent sessions or limited time intervals is not possible).

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?
//@version=2
study(title='[RS]Shifted Pivots V1', shorttitle='SP', overlay=true)
//  ||-----------------------------------------------------------------------------------------------------------------------------||
//  ||  Inputs:
DISPLAY_D = input(title='Show Dayly Pivot Lines?', type=bool, defval=true)
DISPLAY_W = input(title='Show Weekly Pivot Lines?', type=bool, defval=true)
DISPLAY_M = input(title='Show Monthly Pivot Lines?', type=bool, defval=true)

//  ||-----------------------------------------------------------------------------------------------------------------------------||
//  ||  Timeframe Offset:
d_shift = period == '1' ? 1440 :
         period == '3' ? 480 :
         period == '5' ? 288 :
         period == '15' ? 96 :
         period == '30' ? 48 :
         period == '45' ? 32 :
         period == '60' ? 24 :
         period == '120' ? 12 :
         period == '180' ? 8 :
         period == '240' ? 6 :
         period == '480' ? 3 :
         period == '720' ? 2 :
         0

w_shift = period == '1' ? 5 * 1440 :
         period == '3' ? 5 * 480 :
         period == '5' ? 5 * 288 :
         period == '15' ? 5 * 96 :
         period == '30' ? 5 * 48 :
         period == '45' ? 5 * 32 :
         period == '60' ? 5 * 24 :
         period == '120' ? 5 * 12 :
         period == '180' ? 5 * 8 :
         period == '240' ? 5 * 6 :
         period == '480' ? 5 * 3 :
         period == '720' ? 5 * 2 :
         0

m_shift = period == '1' ? 22 * 1440 :
         period == '3' ? 22 * 480 :
         period == '5' ? 22 * 288 :
         period == '15' ? 22 * 96 :
         period == '30' ? 22 * 48 :
         period == '45' ? 22 * 32 :
         period == '60' ? 22 * 24 :
         period == '120' ? 22 * 12 :
         period == '180' ? 22 * 8 :
         period == '240' ? 22 * 6 :
         period == '480' ? 22 * 3 :
         period == '720' ? 22 * 2 :
         0

//  ||-----------------------------------------------------------------------------------------------------------------------------||
//  ||  Request security data:
d_high  = not DISPLAY_D ? na : security(tickerid, 'D', high)
d_low   = not DISPLAY_D ? na : security(tickerid, 'D', low)
d_pivot = not DISPLAY_D ? na : security(tickerid, 'D', hlc3)
w_high  = not DISPLAY_W ? na : security(tickerid, 'W', high)
w_low   = not DISPLAY_W ? na : security(tickerid, 'W', low)
w_pivot = not DISPLAY_W ? na : security(tickerid, 'W', hlc3)
m_high  = not DISPLAY_M ? na : security(tickerid, 'M', high)
m_low   = not DISPLAY_M ? na : security(tickerid, 'M', low)
m_pivot = not DISPLAY_M ? na : security(tickerid, 'M', hlc3)
//  ||-----------------------------------------------------------------------------------------------------------------------------||
//  ||  Calculate pivots:
//  ||      SR1:
d_resistance1 = not DISPLAY_D ? na : (d_pivot * 2) - d_low
d_support1    = not DISPLAY_D ? na : (d_pivot * 2) - d_high
w_resistance1 = not DISPLAY_W ? na : (w_pivot * 2) - w_low
w_support1    = not DISPLAY_W ? na : (w_pivot * 2) - w_high
m_resistance1 = not DISPLAY_M ? na : (m_pivot * 2) - m_low
m_support1    = not DISPLAY_M ? na : (m_pivot * 2) - m_high
//  ||      SR2:
d_resistance2 = not DISPLAY_D ? na : (d_pivot - d_support1) + d_resistance1
d_support2    = not DISPLAY_D ? na : d_pivot - (d_resistance1 - d_support1)
w_resistance2 = not DISPLAY_W ? na : (w_pivot - w_support1) + w_resistance1
w_support2    = not DISPLAY_W ? na : w_pivot - (w_resistance1 - w_support1)
m_resistance2 = not DISPLAY_M ? na : (m_pivot - m_support1) + m_resistance1
m_support2    = not DISPLAY_M ? na : m_pivot - (m_resistance1 - m_support1)
//  ||      SR3:
d_resistance3 = not DISPLAY_D ? na : (d_pivot - d_support2) + d_resistance2
d_support3    = not DISPLAY_D ? na : d_pivot - (d_resistance2 - d_support2)
w_resistance3 = not DISPLAY_W ? na : (w_pivot - w_support2) + w_resistance2
w_support3    = not DISPLAY_W ? na : w_pivot - (w_resistance2 - w_support2)
m_resistance3 = not DISPLAY_M ? na : (m_pivot - m_support2) + m_resistance2
m_support3    = not DISPLAY_M ? na : m_pivot - (m_resistance2 - m_support2)
//  ||-----------------------------------------------------------------------------------------------------------------------------||
//  ||  Outputs:
//  ||      P:
plot(title='DP', series=d_pivot, color=change(d_pivot)!=0?na:black, linewidth=1, offset=d_shift)
plot(title='WP', series=w_pivot, color=change(w_pivot)!=0?na:black, linewidth=1, offset=w_shift)
plot(title='MP', series=m_pivot, color=change(m_pivot)!=0?na:black, linewidth=1, offset=m_shift)
//  ||      SR1:
plot(title='DR1', series=d_resistance1, color=change(d_resistance1)!=0?na:black, linewidth=1, offset=d_shift)
plot(title='DS1', series=d_support1   , color=change(d_support1)!=0?na:black   , linewidth=1, offset=d_shift)
plot(title='WR1', series=w_resistance1, color=change(w_resistance1)!=0?na:black, linewidth=1, offset=w_shift)
plot(title='WS1', series=w_support1   , color=change(w_support1)!=0?na:black   , linewidth=1, offset=w_shift)
plot(title='MR1', series=m_resistance1, color=change(m_resistance1)!=0?na:black, linewidth=1, offset=m_shift)
plot(title='MS1', series=m_support1   , color=change(m_support1)!=0?na:black   , linewidth=1, offset=m_shift)
//  ||      SR2:
plot(title='DR2', series=d_resistance2, color=change(d_resistance2)!=0?na:black, linewidth=1, offset=d_shift)
plot(title='DS2', series=d_support2   , color=change(d_support2)!=0?na:black   , linewidth=1, offset=d_shift)
plot(title='WR2', series=w_resistance2, color=change(w_resistance2)!=0?na:black, linewidth=1, offset=w_shift)
plot(title='WS2', series=w_support2   , color=change(w_support2)!=0?na:black   , linewidth=1, offset=w_shift)
plot(title='MR2', series=m_resistance2, color=change(m_resistance2)!=0?na:black, linewidth=1, offset=m_shift)
plot(title='MS2', series=m_support2   , color=change(m_support2)!=0?na:black   , linewidth=1, offset=m_shift)
//  ||      SR3:
plot(title='DR3', series=d_resistance3, color=change(d_resistance3)!=0?na:black, linewidth=1, offset=d_shift)
plot(title='DS3', series=d_support3   , color=change(d_support3)!=0?na:black   , linewidth=1, offset=d_shift)
plot(title='WR3', series=w_resistance3, color=change(w_resistance3)!=0?na:black, linewidth=1, offset=w_shift)
plot(title='WS3', series=w_support3   , color=change(w_support3)!=0?na:black   , linewidth=1, offset=w_shift)
plot(title='MR3', series=m_resistance3, color=change(m_resistance3)!=0?na:black, linewidth=1, offset=m_shift)
plot(title='MS3', series=m_support3   , color=change(m_support3)!=0?na:black   , linewidth=1, offset=m_shift)