OPEN-SOURCE SCRIPT
Multi-Timeframe Pivot Points: Support & Resistance Levels
Multi-Timeframe Pivot Points draws the classic pivot levels (PP, R1-R3, S1-S3) on your chart for up to five timeframes at the same time. Use it for weekly pivot points, daily, monthly, hourly or any custom timeframe such as 4h, 8h or 15m, and see the support and resistance levels of each one on a single chart.
How it works
Each slot in the settings has an on/off switch, a timeframe and a colour. The levels are calculated from the previous completed bar of the selected timeframe (for example, the previous week for W, or the previous 4-hour bar for 4h). The lines are drawn across the whole period from its first bar, so the levels are visible in advance.
Formulas
P = (H + L + C) / 3
R1 = 2P - L; R2 = P + (H - L); R3 = H + 2(P - L)
S1 = 2P - H; S2 = P - (H - L); S3 = L - 2(H - P)
Features
- Up to 5 timeframes at once, each with its own colour
- Any timeframe from the dropdown, including custom values
- Each of the 7 levels can be switched on or off
- Option to show only the current period or keep previous periods
- Optional price and timeframe in every label, with adjustable decimals
- Bold labels
Notes
The selected timeframe cannot be smaller than the chart timeframe. Such a slot is hidden and a warning appears in the bottom-right corner. TradingView limits a script to 500 lines, so the more timeframes you enable, the fewer previous periods are shown.
This script is for educational purposes and is not financial advice.
How it works
Each slot in the settings has an on/off switch, a timeframe and a colour. The levels are calculated from the previous completed bar of the selected timeframe (for example, the previous week for W, or the previous 4-hour bar for 4h). The lines are drawn across the whole period from its first bar, so the levels are visible in advance.
Formulas
P = (H + L + C) / 3
R1 = 2P - L; R2 = P + (H - L); R3 = H + 2(P - L)
S1 = 2P - H; S2 = P - (H - L); S3 = L - 2(H - P)
Features
- Up to 5 timeframes at once, each with its own colour
- Any timeframe from the dropdown, including custom values
- Each of the 7 levels can be switched on or off
- Option to show only the current period or keep previous periods
- Optional price and timeframe in every label, with adjustable decimals
- Bold labels
Notes
The selected timeframe cannot be smaller than the chart timeframe. Such a slot is hidden and a warning appears in the bottom-right corner. TradingView limits a script to 500 lines, so the more timeframes you enable, the fewer previous periods are shown.
This script is for educational purposes and is not financial advice.
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。