OPEN-SOURCE SCRIPT

Pivot Levels Real-Time Latest Bar (Skip Current, With Zones)dd

Pivot Levels Real-Time Indicator with Shaded Zones
Author: Ammar Hasan

Overview
The Pivot Levels Real-Time Indicator is a TradingView Pine Script (v5) indicator that plots classic pivot levels using the most recently confirmed bar while skipping the currently forming bar.

It enhances the chart with shaded zones between pivot levels to help visualize potential support, resistance, and price reaction areas.

Key Features

Uses the latest confirmed bar only (no repainting)
Plots Pivot, S1, S2, S3 and R1, R2, R3
Displays shaded zones between levels
Automatically removes old drawings to keep the chart clean
Lightweight and suitable for lower timeframes
No labels for a clean visual layout

Pivot Level Calculations

Pine Script®

Support Levels

Pine Script®

Resistance Levels

Pine Script®

All values are calculated using the last confirmed candle to ensure stable, non-repainting levels.

Visual Components

Lines
The pivot line is drawn in yellow and slightly thicker for emphasis.
Support lines are drawn in red.
Resistance lines are drawn in green.

Shaded Zones

Resistance Zones

R3 to R2
R2 to R1
R1 to Pivot

Support Zones

Pivot to S1
S1 to S2
S2 to S3

These zones help visualize supply and demand areas and potential price reaction zones.

Use Cases

Intraday trading
Scalping
Support and resistance analysis
Price action confirmation

Notes and Limitations

Levels update once per confirmed candle
Zones are drawn only for a short forward range by default
This indicator is not intended to be used as a standalone trading system

Conclusion
The Pivot Levels Real-Time Indicator with Shaded Zones provides a clean and reliable visualization of key market levels while avoiding repainting. The shaded zones add depth and context, helping traders better understand price behavior around important levels.

Developed by Ammar Hasan

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.

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Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.

Open-source Skript

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