# Weekly and Monthly Pivots Indicator for ThinkorSwim #### BenTen

Staff
VIP
Warehouse
Here is an indicator that plot daily, weekly, and monthly pivot point along with some support and resistance lines on your ThinkorSwim chart. In addition to the three mentioned timeframes, you can also select from 4hr, hourly, etc. This indicator is extremely powerful and useful. thinkScript Code
Rich (BB code):
``````# WeeklyMonthlyPivots_TS
# http://thinkscripter.wordpress.com
# [email protected]
# Last Update 20 APR 2009

input timeFrame = {default WEEK, MONTH};
input showOnlyToday = no;

def H = high(period = timeFrame);
def L = low(period = timeFrame);
def C = close(period = timeFrame);

def calc_PP = (H + L + C) / 3;
def calc_R1 =  (2 * calc_PP) - L;
def calc_R2 = calc_PP + H - L;
def calc_R3 = H + 2 * (calc_PP - L);

def calc_S1 = (2 * calc_PP) - H;
def calc_S2 = calc_PP - H + L;
def calc_S3 = L - 2 * (H - calc_PP);

plot R3;
plot R2;
plot R1;
plot PP;
plot S1;
plot S2;
plot S3;

if (showOnlyToday and !IsNaN(close(period = timeFrame)[-1])) or
(getAggregationPeriod() > if timeframe == timeframe.WEEK then AggregationPeriod.WEEK else AggregationPeriod.MONTH)

then {

R1 = Double.NaN;

R2 = Double.NaN;

R3 = Double.NaN;

PP = Double.NaN;

S1 = Double.NaN;

S2 = Double.NaN;

S3 = Double.NaN;

}
else {

R1 = calc_R1;

R2 = calc_R2;

R3 = calc_R3;

PP = calc_PP;

S1 = calc_S1;

S2 = calc_S2;

S3 = calc_S3;

}

R1.SetDefaultColor(color.red);
R2.SetDefaultColor(color.red);
R3.SetDefaultColor(color.red);
S1.SetDefaultColor(color.green);
S2.SetDefaultColor(color.green);
S3.SetDefaultColor(color.green);

R1.SetStyle(Curve.POINTS);R2.SetStyle(Curve.POINTS);
R3.SetStyle(Curve.POINTS);
S1.SetStyle(Curve.POINTS);
S2.SetStyle(Curve.POINTS);
S3.SetStyle(Curve.POINTS);

PP.DefineColor("Color", Color.CYAN);
PP.AssignValueColor(PP.color("Color"));
PP.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);``````
http://tos.mx/xRWpT3

Last edited:
• korygill and J007RMC
S

#### San

##### Member
VIP
@BenTen, Some reason its not shows 1day 1 hr time frame. One more is that possible to set time frame 1mts.

Last edited: #### BenTen

Staff
VIP
Warehouse
@San This indicator only support weekly and monthly pivots point.

Last edited: #### netarchitech

##### Well-known member
VIP
Warehouse
@BenTen I've enhanced the Pivot Point Indicator by adding Daily Pivot Points, so now you can put Daily Pivots on a Hourly chart I would suggest a longer time period than 1 day...perhaps 10 or 20 days... Rich (BB code):
``````# DailyWeeklyMonthlyPivots_TS
# http://thinkscripter.wordpress.com
# [email protected]
# Last Update 11 MAY 2019

input timeFrame = {DAY, default WEEK, MONTH};
input showOnlyToday = no;

def H = high(period = timeFrame);
def L = low(period = timeFrame);
def C = close(period = timeFrame);

def calc_PP = (H + L + C) / 3;
def calc_R1 =  (2 * calc_PP) - L;
def calc_R2 = calc_PP + H - L;
def calc_R3 = H + 2 * (calc_PP - L);

def calc_S1 = (2 * calc_PP) - H;
def calc_S2 = calc_PP - H + L;
def calc_S3 = L - 2 * (H - calc_PP);

plot R3;
plot R2;
plot R1;
plot PP;
plot S1;
plot S2;
plot S3;

if (showOnlyToday and !IsNaN(close(period = timeFrame)[-1])) or
(getAggregationPeriod() > if timeframe == timeframe.DAY
then AggregationPeriod.DAY
else if timeframe == timeframe.WEEK
then AggregationPeriod.WEEK
else AggregationPeriod.MONTH)

then {

R1 = Double.NaN;

R2 = Double.NaN;

R3 = Double.NaN;

PP = Double.NaN;

S1 = Double.NaN;

S2 = Double.NaN;

S3 = Double.NaN;

}
else {

R1 = calc_R1;

R2 = calc_R2;

R3 = calc_R3;

PP = calc_PP;

S1 = calc_S1;

S2 = calc_S2;

S3 = calc_S3;

}

R1.SetDefaultColor(color.red);
R2.SetDefaultColor(color.red);
R3.SetDefaultColor(color.red);
S1.SetDefaultColor(color.green);
S2.SetDefaultColor(color.green);
S3.SetDefaultColor(color.green);

R1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
R2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
R3.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
S1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
S2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
S3.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);;

PP.DefineColor("Color", CreateColor(0, 102, 204));
PP.AssignValueColor(PP.color("Color"));
PP.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);``````
Hope this helps...

Good Luck and Good Trading Last edited:
S

#### soary

##### Member
@BenTen I've enhanced the Pivot Point Indicator by adding Daily Pivot Points, so now you can put Daily Pivots on a Hourly chart I would suggest a longer time period than 1 day...perhaps 10 or 20 days... Rich (BB code):
``````# DailyWeeklyMonthlyPivots_TS
# http://thinkscripter.wordpress.com
# [email protected]
# Last Update 11 MAY 2019

input timeFrame = {DAY, default WEEK, MONTH};
input showOnlyToday = no;

def H = high(period = timeFrame);
def L = low(period = timeFrame);
def C = close(period = timeFrame);

def calc_PP = (H + L + C) / 3;
def calc_R1 =  (2 * calc_PP) - L;
def calc_R2 = calc_PP + H - L;
def calc_R3 = H + 2 * (calc_PP - L);

def calc_S1 = (2 * calc_PP) - H;
def calc_S2 = calc_PP - H + L;
def calc_S3 = L - 2 * (H - calc_PP);

plot R3;
plot R2;
plot R1;
plot PP;
plot S1;
plot S2;
plot S3;

if (showOnlyToday and !IsNaN(close(period = timeFrame)[-1])) or
(getAggregationPeriod() > if timeframe == timeframe.DAY
then AggregationPeriod.DAY
else if timeframe == timeframe.WEEK
then AggregationPeriod.WEEK
else AggregationPeriod.MONTH)

then {

R1 = Double.NaN;

R2 = Double.NaN;

R3 = Double.NaN;

PP = Double.NaN;

S1 = Double.NaN;

S2 = Double.NaN;

S3 = Double.NaN;

}
else {

R1 = calc_R1;

R2 = calc_R2;

R3 = calc_R3;

PP = calc_PP;

S1 = calc_S1;

S2 = calc_S2;

S3 = calc_S3;

}

R1.SetDefaultColor(color.red);
R2.SetDefaultColor(color.red);
R3.SetDefaultColor(color.red);
S1.SetDefaultColor(color.green);
S2.SetDefaultColor(color.green);
S3.SetDefaultColor(color.green);

R1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
R2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
R3.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
S1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
S2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
S3.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);;

PP.DefineColor("Color", CreateColor(0, 102, 204));
PP.AssignValueColor(PP.color("Color"));
PP.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);``````
Hope this helps...

Good Luck and Good Trading Thanks for the update to daily. You said, "I've enhanced the Pivot Point Indicator by adding Daily Pivot Points, so now you can put Daily Pivots on a Hourly chart I would suggest a longer time period than 1 day...perhaps 10 or 20 days... " How do you enter multiple days in the code? #### netarchitech

##### Well-known member
VIP
Warehouse
@soary The pivot points are dependent on the default timeframes included in TOS. As a result, you are limited to the added daily timeframe. With that said, you could go into the code and add 2 days, 3 days, and 4 days, as these are also default timeframes. 10 and 20 days are beyond the scope of the script and TOS...

Now that I think about it...you could do 20 days if you select the supplied Monthly timeframe Hope this helps...

Good Luck and Good Trading S

#### soary

##### Member
@soary The pivot points are dependent on the default timeframes included in TOS. As a result, you are limited to the added daily timeframe. With that said, you could go into the code and add 2 days, 3 days, and 4 days, as these are also default timeframes. 10 and 20 days are beyond the scope of the script and TOS...

Now that I think about it...you could do 20 days if you select the supplied Monthly timeframe Hope this helps...

Good Luck and Good Trading thanks for the response I will try it Indicators 0 Questions 10