The provided Pine Script is an indicator that allows users to display pivot points for various timeframes, such as 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, and monthly, on the chart. The script includes input options for users to choose which pivot points to display for each timeframe.
The script calculates pivot points for different timeframes using the formula (high + low + close) / 3 and then plots the pivot points on the chart with different colors for each timeframe.
This indicator provides flexibility in displaying pivot points for different timeframes based on user preferences.