Floor Trader Pivots

hace 18 horas

Generated by: Claude Sonnet 4.5

Pine Script that draws Floor Trader Pivots using 'daily' price levels with configurable options.

Key Features:

Pivot Calculation: Uses the classic formula: Pivot = (High + Low + Close) / 3

Resistance levels: R1, R2, R3
Support levels: S1, S2, S3
Optional mid-pivots between main levels


Configurable Settings:

Timeframe: Choose Daily, Weekly, or Monthly pivots
Display toggles: Show/hide individual levels
Colors: Customize each level's color
Line style: Solid, dashed, or dotted
Line width: 1-5 pixels
Extension: None, right, or both directions
Labels: Show/hide with left or right positioning


Calculations:

R1 = 2×Pivot - Low
R2 = Pivot + (High - Low)
R3 = R1 + (High - Low)
S1 = 2×Pivot - High
S2 = Pivot - (High - Low)
S3 = S1 - (High - Low)

Uses daily price levels specifically.

Added daily-specific data fetching: The script now explicitly fetches both current day and previous day's high, low, and close prices
Calculations use daily data: All pivot calculations now use prevDailyH, prevDailyL, and prevDailyC (previous day's high, low, close)
Kept the timeframe input: You can still change it if you want weekly or monthly pivots, but it now defaults to and emphasizes daily calculations

The Floor Trader Pivots will now always be based on the previous day's price action, which is the traditional method floor traders use. This is particularly useful for intraday trading as these levels update daily and provide key support/resistance zones.

hace 9 horas

Notas de prensa

Added 'ShowDaysBack' as configurable parameter to control the number of days going back for the indicator to be shown.