// Licensed under the Apache License, Version 2.0 // © mihakralj //@version=6 indicator("Pivot Points (Extended)", "PIVOTEXT", overlay=true) //@function Calculates extended traditional pivot points with R4-R5 and S4-S5 levels //@param tf Timeframe for pivot calculation ("D", "W", "M") //@returns Tuple [pp, r1, r2, r3, r4, r5, s1, s2, s3, s4, s5] with pivot levels //@references Extended floor trader pivot formula pivotext(simple string tf) => [hi, lo, cl] = request.security(syminfo.tickerid, tf, [high[1], low[1], close[1]], lookahead=barmerge.lookahead_on) if na(hi) or na(lo) or na(cl) [na, na, na, na, na, na, na, na, na, na, na] else float pp = (hi + lo + cl) / 3.0 float hl_range = hi - lo float r1 = 2.0 * pp - lo float s1 = 2.0 * pp - hi float r2 = pp + hl_range float s2 = pp - hl_range float r3 = hi + 2.0 * (pp - lo) float s3 = lo - 2.0 * (hi - pp) float r4 = hi + 3.0 * (pp - lo) float s4 = lo - 3.0 * (hi - pp) float r5 = hi + 4.0 * (pp - lo) float s5 = lo - 4.0 * (hi - pp) [pp, r1, r2, r3, r4, r5, s1, s2, s3, s4, s5] // ---------- Main loop ---------- // Inputs i_timeframe = input.timeframe("D", "Pivot Timeframe", options=["D", "W", "M"]) i_show_pp = input.bool(true, "Show Pivot Point") i_show_r1 = input.bool(true, "Show R1") i_show_r2 = input.bool(true, "Show R2") i_show_r3 = input.bool(true, "Show R3") i_show_r4 = input.bool(true, "Show R4") i_show_r5 = input.bool(true, "Show R5") i_show_s1 = input.bool(true, "Show S1") i_show_s2 = input.bool(true, "Show S2") i_show_s3 = input.bool(true, "Show S3") i_show_s4 = input.bool(true, "Show S4") i_show_s5 = input.bool(true, "Show S5") i_color_pp = input.color(color.yellow, "PP Color") i_color_r = input.color(color.red, "Resistance Color") i_color_s = input.color(color.green, "Support Color") // Calculation [pp, r1, r2, r3, r4, r5, s1, s2, s3, s4, s5] = pivotext(i_timeframe) // Plot plot(i_show_pp ? pp : na, "PP", color=i_color_pp, linewidth=2, style=plot.style_stepline) plot(i_show_r1 ? r1 : na, "R1", color=i_color_r, linewidth=1, style=plot.style_stepline) plot(i_show_r2 ? r2 : na, "R2", color=i_color_r, linewidth=1, style=plot.style_stepline) plot(i_show_r3 ? r3 : na, "R3", color=i_color_r, linewidth=1, style=plot.style_stepline) plot(i_show_r4 ? r4 : na, "R4", color=i_color_r, linewidth=1, style=plot.style_stepline) plot(i_show_r5 ? r5 : na, "R5", color=i_color_r, linewidth=1, style=plot.style_stepline) plot(i_show_s1 ? s1 : na, "S1", color=i_color_s, linewidth=1, style=plot.style_stepline) plot(i_show_s2 ? s2 : na, "S2", color=i_color_s, linewidth=1, style=plot.style_stepline) plot(i_show_s3 ? s3 : na, "S3", color=i_color_s, linewidth=1, style=plot.style_stepline) plot(i_show_s4 ? s4 : na, "S4", color=i_color_s, linewidth=1, style=plot.style_stepline) plot(i_show_s5 ? s5 : na, "S5", color=i_color_s, linewidth=1, style=plot.style_stepline)