# CM_Hourly Pivots

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Simple Code for Hourly Pivot Points Requested by user pippo

Inputs Tab:
Turn On/Off Pivots
Turn On/Off R3/S3
```//created by ChrisMoody by request for pippo
//Hourly Pivots
study(title="CM_Hourly_Pivots", shorttitle="CM_Hourly_Pivots", overlay=true)
sh = input(true, title="Show Hourly Pivots?")
sh3 = input(false, title="Show R3 & S3?")

//Classic Pivot Calculations
pivot = (high + low + close ) / 3.0
r1 = pivot + (pivot - low)
s1 = pivot - (high - pivot)
r2 = pivot + (high - low)
s2 = pivot - (high - low)
r3 = sh3 and r1 + (high - low) ? r1 + (high - low) : na
s3 = sh3 and s1 - (high - low) ? s1 - (high - low) : na

//Daily Pivots
htime_pivot = security(tickerid, '60', pivot[1])
htime_r1 = security(tickerid, '60', r1[1])
htime_s1 = security(tickerid, '60', s1[1])
htime_r2 = security(tickerid, '60', r2[1])
htime_s2 = security(tickerid, '60', s2[1])
htime_r3 = security(tickerid, '60', r3[1])
htime_s3 = security(tickerid, '60', s3[1])

plot(sh and htime_pivot ? htime_pivot : na, title="Hourly Pivot",style=circles, color=fuchsia,linewidth=3)
plot(sh and htime_r1 ? htime_r1 : na, title="Hourly R1",style=circles, color=#DC143C,linewidth=3)
plot(sh and htime_s1 ? htime_s1 : na, title="Hourly S1",style=circles, color=lime,linewidth=3)
plot(sh and htime_r2 ? htime_r2 : na, title="Hourly R2",style=circles, color=maroon,linewidth=3)
plot(sh and htime_s2 ? htime_s2 : na, title="Hourly S2",style=circles, color=#228B22,linewidth=3)
plot(sh and htime_r3 ? htime_r3 : na, title="Hourly R3",style=circles, color=#FA8072,linewidth=3)
plot(sh and htime_s3 ? htime_s3 : na, title="Hourly S3",style=circles, color=#CD5C5C,linewidth=3)```

## Commentaires

Very interesting indicator. is there a way to turn off the historical pivot and only keep the last? Thanks!!
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Hi sir, can you do one but with the fibonnaci pivot point 4h and 1h,
I tried to find, and unfortunately i didn't find and I do not know how to script, i would really appreciate if you can help me
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Chris, how do you keep the chart view from compressing when adding your PP indicator?
Typically use 3 or 5 min.

Thanks
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Major New Release for Pivots Indicator

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Dear Chris, thank you very much indeed for the hourly pivot points. It took you soo little time to make it. Have you a code for Elliott Wave counts, as I choice the points on the chart and it gives the count?
Kindest regards.
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pippo
It actually took me less than two minutes....I had the formula for Daily and above...I only had to change one word...So it was no problem at all.
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Was it the same for the daily that you publisher recently?
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2use
I've published one that does Daily, Weekly, Monthly, Quarterly, Yearly. I tried to add the hourly to that script but the script was too long...So I had to Create a new Version...
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ChrisMoody
That one was really awesome
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