TradingView classical pivot point script
TradingView script for Daily Pivot Points. Solid coloured lines for resistance/support points, Red for resistance, purple for central pivot, yellow for support. Alerts when these point have been met. Lines to update daily.
Pivot point formula
Pivot point (PP) = (High + Low + Close) / 3
First resistance (R1) = (2 x PP) – Low
First support (S1) = (2 x PP) – High
Second resistance (R2) = PP + (High – Low)
Second support (S2) = PP – (High – Low)
Third resistance (R3) = High + 2 (PP – Low)
Third support (S3) = Low – 2 (High – PP)
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