OPEN-SOURCE SCRIPT
Updated Swiftedge Pivots
This indicator plots Monthly, Weekly and Daily Pivot Points on the chart using the classic standard formula.
It calculates the Central Pivot Point (PP) and up to 3 levels of Support (S1-S3) and Resistance (R1-R3) for each timeframe based on the previous period's High, Low and Close.
### Key Features
• Multi-timeframe pivots: Monthly + Weekly + Daily
• Individual color customization for every level and timeframe
• Toggle any level (PP, R1/S1, R2/S2, R3/S3) on or off
• Clean horizontal lines that extend right
• Works great on indices (GER40, US30, NAS100, etc.), forex and stocks
### How Pivot Points are Calculated
PP = (High + Low + Close) / 3
R1 = 2 × PP - Low
S1 = 2 × PP - High
R2 = PP + (High - Low)
S2 = PP - (High - Low)
R3 = PP + 2 × (High - Low)
S3 = PP - 2 × (High - Low)
Many traders use these levels as key support and resistance zones for the upcoming period. The indicator is especially useful for day traders and swing traders who want a clear framework of potential turning points across different timeframes.
### Settings
You can enable/disable each timeframe and each support/resistance level separately. All colors are fully customizable.
Feel free to adjust the colors to your own preference and combine with other tools such as moving averages, trend lines or volume.
Enjoy trading!
It calculates the Central Pivot Point (PP) and up to 3 levels of Support (S1-S3) and Resistance (R1-R3) for each timeframe based on the previous period's High, Low and Close.
### Key Features
• Multi-timeframe pivots: Monthly + Weekly + Daily
• Individual color customization for every level and timeframe
• Toggle any level (PP, R1/S1, R2/S2, R3/S3) on or off
• Clean horizontal lines that extend right
• Works great on indices (GER40, US30, NAS100, etc.), forex and stocks
### How Pivot Points are Calculated
PP = (High + Low + Close) / 3
R1 = 2 × PP - Low
S1 = 2 × PP - High
R2 = PP + (High - Low)
S2 = PP - (High - Low)
R3 = PP + 2 × (High - Low)
S3 = PP - 2 × (High - Low)
Many traders use these levels as key support and resistance zones for the upcoming period. The indicator is especially useful for day traders and swing traders who want a clear framework of potential turning points across different timeframes.
### Settings
You can enable/disable each timeframe and each support/resistance level separately. All colors are fully customizable.
Feel free to adjust the colors to your own preference and combine with other tools such as moving averages, trend lines or volume.
Enjoy trading!
Release Notes
Updated so everything is custimizableRelease Notes
Updatet table / dashboard for easy color remembering :)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.
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.