#### BenTen

##### Administrative

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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

Shareable Link

http://tos.mx/xRWpT3

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)[1];
def L = low(period = timeFrame)[1];
def C = close(period = timeFrame)[1];
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: