TradingView classical pivot point script

TradingView script for Daily Pivot Points. Solid coloured lines for resistance/support points, Red for resistance, purple for central pivot, yellow for support. Alerts when these point have been met. Lines to update daily.

Pivot point formula

Pivot point (PP) = (High + Low + Close) / 3

First resistance (R1) = (2 x PP) – Low

First support (S1) = (2 x PP) – High

Second resistance (R2) = PP + (High – Low)

Second support (S2) = PP – (High – Low)

Third resistance (R3) = High + 2 (PP – Low)

Third support (S3) = Low – 2 (High – PP)