indicator · on price · open source

Standard Pivot Points

Deepwick · @deepwickv1Updated 2 Oct 2026▲ 0 users

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About

Standard floor-trader pivots computed from the prior bar's high, low and close: PP is the central balance, R1/R2 the upside reaction levels, S1/S2 the downside ones.

Uses highest(high,1)[1] and lowest(low,1)[1] so the levels update only when a new reference bar prints.
Classic levels most platforms default to; pairs well with intraday timeframes.
Treat PP as fair value and R1/S1 as the first reaction zone.

Source code

//@version=5
indicator("Standard Pivot Points", overlay=true)
pp = (ta.highest(high, 1)[1] + ta.lowest(low, 1)[1] + close[1]) / 3
r1 = 2*pp - ta.lowest(low, 1)[1]
s1 = 2*pp - ta.highest(high, 1)[1]
r2 = pp + (ta.highest(high, 1)[1] - ta.lowest(low, 1)[1])
s2 = pp - (ta.highest(high, 1)[1] - ta.lowest(low, 1)[1])
p_PP = plot(pp, "PP", color=color.yellow, linewidth=2)
p_R1 = plot(r1, "R1", color=color.green, style=plot.style_linebr)
p_R2 = plot(r2, "R2", color=color.green, style=plot.style_linebr)
p_S1 = plot(s1, "S1", color=color.red, style=plot.style_linebr)
p_S2 = plot(s2, "S2", color=color.red, style=plot.style_linebr)
alertcondition(ta.crossover(close, r1), "Above R1", "Close crossed above R1")
alertcondition(ta.crossunder(close, s1), "Below S1", "Close crossed below S1")

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