OPEN-SOURCE SCRIPT
Cập nhật 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.
Phát hành các Ghi chú
Upgraded UIPhát hành các Ghi chú
Added EMA and Updated UI.Phát hành các Ghi chú
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.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.