OPEN-SOURCE SCRIPT
Simple Pivot Points with dots, not lines(automatic setup)

1. Why Pivot Point is popular
Because unlike most indicators, it's not lagging! It is forward-looking, it's real-time, it's just right there.
2. Why this script is created?
I don't like many indicator lines crossing my screen everywhere, just as some Pivot Point indicators did. So I wrote this script to keep my screen as clean/neat as possible.
3. About the other “manual setup” version.
I'm a E-mini S&P500 future trader, and I found the close prices on Daily chart is different from the ones on lower timeframe occasionally.
So I asked some TradingView staff and the reply was:
The closing price of a daily bar on TradingView is based on a Settle price from the exchange. The exchanges, at times, send this value before the close of the trading day, which leads to the situation when the price for daily-based resolutions does not change after receiving this Settle value, while the price changes still occur at smaller resolutions, since the construction of intraday bars is based on the actual trades produced.
So, if you found the same problem also occurs on your tickers, you can search the "Simple Pivot Points with dots, not lines(manually setup)" version, in which
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If you want the dots stay a little further from your bars, you can adjust the "offset" parameter in the code. The larger the number is, the further the dot stays.
Because unlike most indicators, it's not lagging! It is forward-looking, it's real-time, it's just right there.
2. Why this script is created?
I don't like many indicator lines crossing my screen everywhere, just as some Pivot Point indicators did. So I wrote this script to keep my screen as clean/neat as possible.
3. About the other “manual setup” version.
I'm a E-mini S&P500 future trader, and I found the close prices on Daily chart is different from the ones on lower timeframe occasionally.
So I asked some TradingView staff and the reply was:
The closing price of a daily bar on TradingView is based on a Settle price from the exchange. The exchanges, at times, send this value before the close of the trading day, which leads to the situation when the price for daily-based resolutions does not change after receiving this Settle value, while the price changes still occur at smaller resolutions, since the construction of intraday bars is based on the actual trades produced.
So, if you found the same problem also occurs on your tickers, you can search the "Simple Pivot Points with dots, not lines(manually setup)" version, in which
- I replace the D(representing the Daily timeframe ) with 1440(representing 1440 minutes) in the script, making the daily Pivot Points more accurate.
- You can set the "last week/month close" in the "script settings" MANUALLY to ensure the weekly/monthly Pivot Point is the most accurate.
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If you want the dots stay a little further from your bars, you can adjust the "offset" parameter in the code. The larger the number is, the further the dot stays.
开源脚本
秉承TradingView的精神,该脚本的作者将其开源,以便交易者可以查看和验证其功能。向作者致敬!您可以免费使用该脚本,但请记住,重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神,该脚本的作者将其开源,以便交易者可以查看和验证其功能。向作者致敬!您可以免费使用该脚本,但请记住,重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。