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pivot_script_pine

Pine ScriptPinePivots

INSTALLATION

$python -c "exec(open('pivot_script_pine.py').read())"

#or paste directly into your Claude Code terminal

[ ABOUT ]

A complete Pine Script v5 indicator that plots the classic pivot point (PP), first resistance (R1), and first support (S1) on the chart using prior-day OHLC data. Values are computed using the standard floor trader pivot formula and rendered as horizontal lines using `plot()` with distinct colors.

Pivot points in Pine Script update automatically at the start of each new day, so the indicator stays current without any manual recalculation. Add additional levels (R2, R3, S2, S3) by computing `R2 = PP + (High_prev - Low_prev)` and `S2 = PP - (High_prev - Low_prev)` and plotting them similarly — each adds incremental context about institutional price targets.

[ USAGE EXAMPLE ]

example.py

// Add to TradingView chart
// PP line: orange, weight 2
// R1: red, S1: green
// Updates automatically at session open

[ FULL CODE ]

pivot_script_pine.py

// @version=5 indicator("Pivot Points", overlay=true) pp = (high[1]+low[1]+close[1])/3 r1 = 2*pp - low[1] s1 = 2*pp - high[1] plot(pp, "PP", color.orange, 2) plot(r1, "R1", color.red) plot(s1, "S1", color.green)

[ METADATA ]

CategoryPine Script

ComplexityAdvanced

LanguagePython 3.10+

TagsPine, Pivots

[ ASK CLAUDE ]

Ask AI about this skill before installing it.

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