OPEN-SOURCE SCRIPT
Mis à jour Pivot Point - Standard
Overview
This indicator plots classic "Floor Trader" Standard Pivot Points (P, R1-R3, S1-S3) on your intraday charts. However, unlike traditional pivot indicators, it is specifically engineered to solve the "Settlement Close vs. Last Traded Price (LTP)" discrepancy that plagues traders in the Indian markets (NSE/BSE) or anyone trying to sync their TradingView charts with brokerages using the ChartIQ engine (like Zerodha, Upstox, etc.).
The Problem It Solves
Most standard TradingView pivot indicators use the daily Last Traded Price (LTP) as the daily Close. In markets like India, the official daily close is not the LTP, but a 30-minute Volume Weighted Average Price (VWAP) settlement. Because TradingView captures the final LTP spike at 15:30, traditional pivot math gets skewed, causing your TradingView support and resistance lines to completely mismatch the lines generated by your broker's platform.
How It Works
To bypass the LTP spike and replicate the official settlement price, this indicator features an Auto Time-Capture system.
Instead of looking at the daily timeframe for the close, it silently captures the closing price of a specific intraday candle right before the market closes (Default: 15:25 exchange time). This 15:25 close acts as a highly accurate proxy for the official VWAP settlement price. It pairs this captured close with the official daily High and Low to calculate mathematically perfect ChartIQ-style pivot levels for the next day.
Key Features:
Auto Time-Capture: Automatically grabs the closing price at a user-defined time (default 15:25) to avoid post-market LTP spikes.
True Pivot UI: Draws clean, horizontal lines for the current day only. It does not draw ugly diagonal lines connecting yesterday's levels to today's levels.
Full Floor Trader Math: Calculates the main Pivot (P), plus 3 levels of Support and Resistance (R1, R2, R3 / S1, S2, S3).
Fully Customizable: Users can adjust the specific hour and minute they want the script to capture the closing price via the settings menu.
How to Use:
Apply this to an intraday timeframe (e.g., 1-minute, 5-minute, or 15-minute). Note: The timeframe must be small enough that your chosen capture time (like 15:25) actually exists as a candle close.
The indicator will automatically capture the price at the designated time and use it to project the standard pivot levels when the next trading day begins.
This indicator plots classic "Floor Trader" Standard Pivot Points (P, R1-R3, S1-S3) on your intraday charts. However, unlike traditional pivot indicators, it is specifically engineered to solve the "Settlement Close vs. Last Traded Price (LTP)" discrepancy that plagues traders in the Indian markets (NSE/BSE) or anyone trying to sync their TradingView charts with brokerages using the ChartIQ engine (like Zerodha, Upstox, etc.).
The Problem It Solves
Most standard TradingView pivot indicators use the daily Last Traded Price (LTP) as the daily Close. In markets like India, the official daily close is not the LTP, but a 30-minute Volume Weighted Average Price (VWAP) settlement. Because TradingView captures the final LTP spike at 15:30, traditional pivot math gets skewed, causing your TradingView support and resistance lines to completely mismatch the lines generated by your broker's platform.
How It Works
To bypass the LTP spike and replicate the official settlement price, this indicator features an Auto Time-Capture system.
Instead of looking at the daily timeframe for the close, it silently captures the closing price of a specific intraday candle right before the market closes (Default: 15:25 exchange time). This 15:25 close acts as a highly accurate proxy for the official VWAP settlement price. It pairs this captured close with the official daily High and Low to calculate mathematically perfect ChartIQ-style pivot levels for the next day.
Key Features:
Auto Time-Capture: Automatically grabs the closing price at a user-defined time (default 15:25) to avoid post-market LTP spikes.
True Pivot UI: Draws clean, horizontal lines for the current day only. It does not draw ugly diagonal lines connecting yesterday's levels to today's levels.
Full Floor Trader Math: Calculates the main Pivot (P), plus 3 levels of Support and Resistance (R1, R2, R3 / S1, S2, S3).
Fully Customizable: Users can adjust the specific hour and minute they want the script to capture the closing price via the settings menu.
How to Use:
Apply this to an intraday timeframe (e.g., 1-minute, 5-minute, or 15-minute). Note: The timeframe must be small enough that your chosen capture time (like 15:25) actually exists as a candle close.
The indicator will automatically capture the price at the designated time and use it to project the standard pivot levels when the next trading day begins.
Notes de version
Upgraded UINotes de version
Added EMA and Updated UI.Notes de version
Pivot Points & Dual EMAThis indicator provides a clean, highly customizable chart overlay combining structural support and resistance levels with dynamic moving averages. It is designed to be a lightweight, all-in-one utility for traders who need precise daily levels and flexible EMAs without cluttering their workspace.
🌟 Key Features
[] Optimized for Indian Markets (NSE/BSE): Standard pivot point scripts often use the absolute final tick of the trading day, which can skew the data. This indicator features custom logic that specifically captures the 15:25 closing price for NSE/BSE tickers. This ensures your next-day Pivot, Support, and Resistance levels are accurately calibrated to true market settlement.
[] Comprehensive S/R Levels: Automatically calculates and plots the main daily Pivot (P) along with 5 Support (S1-S5) and 5 Resistance (R1-R5) levels.
[] Multi-Timeframe (MTF) Dual EMAs: Includes two fully independent Exponential Moving Averages. Both EMAs support custom timeframes, custom lengths, and offset adjustments, allowing you to seamlessly plot higher-timeframe moving averages directly onto your lower-timeframe execution charts.
[] Complete Visual Control: Keep your chart as clean as you need. You have full control to toggle individual S/R levels on or off, adjust label positions (left or right), show or hide exact price tags, and strictly limit the number of historical pivots drawn to maintain top rendering performance.
A perfect foundational tool for intraday and swing traders who rely on precise structural levels and moving average confluence for their daily charting.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.