OPEN-SOURCE SCRIPT
Updated Daily Pivot Points - Classic ( S&R Levels )
Daily Pivot Points [v6]
Classic daily pivot point levels — P, R1, R2, S1, S2 — calculated automatically from the prior session's High, Low, and Close. Levels update at the start of each new trading day and are labeled directly on the right edge of the chart with their exact prices, so you always know where you stand without doing any math.
Levels included:
P — Central pivot (orange)
R1 / R2 — Resistance zones (red)
S1 / S2 — Support zones (green)
R3 / S3 — Extended levels (optional, off by default)
Features:
Right-edge price labels on every level — no guessing
Soft zone fill between R1→R2 and S1→S2 for a clean visual bias
Works on any intraday timeframe (1m, 5m, 15m, 30m, 1H)
Built-in alerts for R1, R2, S1, S2 crosses
Fully customizable colors and line width
How to use:
Pivots are one of the most widely used levels in intraday trading. Price tends to react at these zones — use P as the neutral line, R1/R2 as overhead resistance targets, and S1/S2 as downside support. Watch for rejection or breakout at each level to time your entries and exits.
Lightweight, no repainting, no clutter. Just the levels that matter.
Added concise inline comments explaining:
why lookahead_on + [1] is used (locks levels to prior day at open)
the floor-trader pivot formula logic
why stepline style prevents diagonal artifacts
how the var label + delete-and-redraw pattern keeps the label count clean
the barstate.islast gate
No bloat — just enough for a reader to follow the logic without re-deriving it.
Classic daily pivot point levels — P, R1, R2, S1, S2 — calculated automatically from the prior session's High, Low, and Close. Levels update at the start of each new trading day and are labeled directly on the right edge of the chart with their exact prices, so you always know where you stand without doing any math.
Levels included:
P — Central pivot (orange)
R1 / R2 — Resistance zones (red)
S1 / S2 — Support zones (green)
R3 / S3 — Extended levels (optional, off by default)
Features:
Right-edge price labels on every level — no guessing
Soft zone fill between R1→R2 and S1→S2 for a clean visual bias
Works on any intraday timeframe (1m, 5m, 15m, 30m, 1H)
Built-in alerts for R1, R2, S1, S2 crosses
Fully customizable colors and line width
How to use:
Pivots are one of the most widely used levels in intraday trading. Price tends to react at these zones — use P as the neutral line, R1/R2 as overhead resistance targets, and S1/S2 as downside support. Watch for rejection or breakout at each level to time your entries and exits.
Lightweight, no repainting, no clutter. Just the levels that matter.
Added concise inline comments explaining:
why lookahead_on + [1] is used (locks levels to prior day at open)
the floor-trader pivot formula logic
why stepline style prevents diagonal artifacts
how the var label + delete-and-redraw pattern keeps the label count clean
the barstate.islast gate
No bloat — just enough for a reader to follow the logic without re-deriving it.
Release Notes
New chartOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.