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PZ Pivot Points

This indicator displays pivot points in the chart, including historical vales, and supports many calculation modes for Pivot Points and S/R levels.

[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • It plots historical levels for backtesting purposes
  • It allows you to select the reference timeframe
  • It implements different Pivot Point calculation modes
  • It implements different SR calculation modes
  • It implements customizable colors and sizes

Calculation Modes

The indicator implements different calculation modes for the pivot point.
  • (H+L+C)/3
  • (H+L+O)/3
  • (H+L+C+O)/4
  • (H+L+C+C)/4
  • (H+L+O+O)/4
  • (H+L)/2
  • (H+C)/2
  • (L+C)/2

It also implements many different calculation modes for SR Levels:

  1. Classic Formula
    • R4 = R3 + (High – Low)
    • R3 = R2 + (High – Low)
    • R2 = PP + (High – Low)
    • R1 = (2 * PP) – Low
    • S1 = (2 * PP) – High
    • S2 = PP – (High – Low)
    • S3 = S2 – (High – Low)
    • S4 = S3 – (High – Low)

  2. Woodie Pivot Points
    • R4 = R3 + (High – Low)
    • R3 = High + 2 * (PP – Low)
    • R2 = PP + (High – Low)
    • R1 = (2 * PP) – Low
    • S1 = (2 * PP) – HIGH
    • S2 = PP – (High – Low)
    • S3 = Low – 2 * (High – PP)
    • S4 = S3 – (High – Low)

  3. Camarilla Pivot Points
    • R4 = PP + (High – Low) * 1.1/2
    • R3 = PP + (High – Low) * 1.1/4
    • R2 = PP + (High – Low) * 1.1/6
    • R1 = PP + (High – Low) * 1.1/12
    • S1 = PP – (High – Low) * 1.1/12
    • S2 = PP – (High – Low) * 1.1/6
    • S3 = PP – (High – Low) * 1.1/4
    • S4 = PP – (High – Low) * 1.1/2

Input Parameters

  • PP Calculation Mode: Select the Pivot Points calculation mode desired
  • S/R Calculation Mode: Select the SR calculation mode desired
  • Timeframe: Choose the timeframe to calculate pivot points from
  • Mid Points: Display or hide mid points between SR levels
  • Display Labels: Display or hide name and price labels
  • Color of S levels: Color of support levels
  • Color of R levels: Color of resistance levels
  • Color of P level: Color of pivot point levels
  • Font size: Font size for name and price labels

Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

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Version 4.0 2019.08.10
- Added mid points
- Added price labels
- Added different calculation modes for Pivot Points
(H+L+C)/3
(H+L+O)/3
(H+L+C+O)/4
(H+L+C+C)/4
(H+L+O+O)/4
(H+L)/2
(H+C)/2
(L+C)/2

- Added different calculation modes for SR
> Classic Formula
R4 = R3 + (High – Low)
R3 = R2 + (High – Low)
R2 = PP + (High – Low)
R1 = (2 * PP) – Low
S1 = (2 * PP) – High
S2 = PP – (High – Low)
S3 = S2 – (High – Low)
S4 = S3 – (High – Low)
> Woodie Pivot Points
R4 = R3 + (High – Low)
R3 = High + 2 * (PP – Low)
R2 = PP + (High – Low)
R1 = (2 * PP) – Low
S1 = (2 * PP) – HIGH
S2 = PP – (High – Low)
S3 = Low – 2 * (High – PP)
S4 = S3 – (High – Low)
> Camarilla Pivot Points
R4 = PP + (High – Low) * 1.1/2
R3 = PP + (High – Low) * 1.1/4
R2 = PP + (High – Low) * 1.1/6
R1 = PP + (High – Low) * 1.1/12
S1 = PP – (High – Low) * 1.1/12
S2 = PP – (High – Low) * 1.1/6
S3 = PP – (High – Low) * 1.1/4
S4 = PP – (High – Low) * 1.1/2


Version 2.0 2016.08.19
- Added mid points calculations