Floor Trader PivotsGenerated by: Claude Sonnet 4.5
Pine Script that draws Floor Trader Pivots using 'daily' price levels with configurable options.
Key Features:
Pivot Calculation: Uses the classic formula: Pivot = (High + Low + Close) / 3
Resistance levels: R1, R2, R3
Support levels: S1, S2, S3
Optional mid-pivots between main levels
Configurable Settings:
Timeframe: Choose Daily, Weekly, or Monthly pivots
Display toggles: Show/hide individual levels
Colors: Customize each level's color
Line style: Solid, dashed, or dotted
Line width: 1-5 pixels
Extension: None, right, or both directions
Labels: Show/hide with left or right positioning
Calculations:
R1 = 2×Pivot - Low
R2 = Pivot + (High - Low)
R3 = R1 + (High - Low)
S1 = 2×Pivot - High
S2 = Pivot - (High - Low)
S3 = S1 - (High - Low)
Uses daily price levels specifically.
Added daily-specific data fetching: The script now explicitly fetches both current day and previous day's high, low, and close prices
Calculations use daily data: All pivot calculations now use prevDailyH, prevDailyL, and prevDailyC (previous day's high, low, close)
Kept the timeframe input: You can still change it if you want weekly or monthly pivots, but it now defaults to and emphasizes daily calculations
The Floor Trader Pivots will now always be based on the previous day's price action, which is the traditional method floor traders use. This is particularly useful for intraday trading as these levels update daily and provide key support/resistance zones.
Floor
math_utilsLibrary "math_utils"
Collection of math functions that are not part of the standard math library
num_of_non_decimal_digits(number) num_of_non_decimal_digits - The number of the most significant digits on the left of the dot
Parameters:
number : - The floating point number
Returns: number of non digits
num_of_decimal_digits(number) num_of_decimal_digits - The number of the most significant digits on the right of the dot
Parameters:
number : - The floating point number
Returns: number of decimal digits
floor(number, precision) floor - floor with precision to the given most significant decimal point
Parameters:
number : - The floating point number
precision : - The number of decimal places a.k.a the most significant decimal digit - e.g precision 2 will produce 0.01 minimum change
Returns: number floored to the decimal digits defined by the precision
ceil(number, precision) floor - ceil with precision to the given most significant decimal point
Parameters:
number : - The floating point number
precision : - The number of decimal places a.k.a the most significant decimal digit - e.g precision 2 will produce 0.01 minimum change
Returns: number ceiled to the decimal digits defined by the precision
clamp(number, lower, higher, precision) clamp - clamp with precision to the given most significant decimal point
Parameters:
number : - The floating point number
lower : - The lowerst number limit to return
higher : - The highest number limit to return
precision : - The number of decimal places a.k.a the most significant decimal digit - e.g precision 2 will produce 0.01 minimum change
Returns: number clamped to the decimal digits defined by the precision
