# Pivot Point

23860 visningar
Pivot points simply took the high, low, and closing price from the previous period and
divided by 3 to find the pivot . From this pivot , traders would then base their
calculations for three support, and three resistance levels. The calculation for the most
basic flavor of pivot points , known as ‘floor-trader pivots’, along with their support and
resistance levels.
```////////////////////////////////////////////////////////////
//  Copyright by HPotter v1.0 10/07/2014
// Pivot points simply took the high, low, and closing price from the previous period and
// divided by 3 to find the pivot. From this pivot, traders would then base their
// calculations for three support, and three resistance levels. The calculation for the most
// basic flavor of pivot points, known as ‘floor-trader pivots’, along with their support and
// resistance levels.
////////////////////////////////////////////////////////////
study(title="Pivot Point", shorttitle="Pivot Point", overlay = true)
width = input(2, minval=1)
xHigh  = security(tickerid,"D", high[1])
xLow   = security(tickerid,"D", low[1])
xClose = security(tickerid,"D", close[1])
vPP = (xHigh+xLow+xClose) / 3
vR1 = vPP+(vPP-xLow)
vS1 = vPP-(xHigh - vPP)
vR2 = vPP + (xHigh - xLow)
vS2 = vPP - (xHigh - xLow)
vR3 = xHigh + 2 * (vPP - xLow)
vS3 = xLow - 2 * (xHigh - vPP)
plot(vS1, color=#ff0000, title="S1", style = circles, linewidth = width)
plot(vS2, color=#ff002a, title="S2", style = circles, linewidth = width)
plot(vS3, color=#ff014a, title="S3", style = circles, linewidth = width)
plot(vR1, color=#009600, title="R1", style = circles, linewidth = width)
plot(vR2, color=#006F00, title="R2", style = circles, linewidth = width)
plot(vR3, color=#004900, title="R3", style = circles, linewidth = width)
```
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## Kommentarer

Hello,

I know this is a stupid question, but how can I add this to my charts? Haha

Thanks a lot!
Svara
Hi, Can I load this into MT4 indicators and how is that done exactly I'm not sure as I thought copy and paste.
Will I have to make a new folder within my indicators.
John
Svara
I think it is not possible.
Svara
HPotter
@HPotter,

This works great on intraday charts. Is there anyway I can get the weekly or monthly pivots plotted when viewing the daily chart for example?
Svara
this example looks completely different from what it actually appears when added to my chart. very confusing.
Svara
FloFX
@FloFX, What kind of different and what a symbol and TF?
Svara
there is no version with pivot point and middle support and resistance ?
Svara
YOURE A WIZARD HARRY
Svara
how do you adjust this to weekly / monthly pivots?
Svara
andrewwhittle
@andrewwhittle, I guess you'll change TickerId from "D" to "W"?
Svara