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
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
Support Zones
These zones help visualize supply and demand areas and potential price reaction zones.
Use Cases
Notes and Limitations
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
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
Support Levels
Resistance Levels
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
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.