This is just experimenal zigzag
The zigzag % is adaptation of Ricardo santos old Zigzag %
the pivot are from pine script manual
So it try to cross them together
I think it need much work
but as i idea i put it for anypne who is interested
I'm testing this indicator too for my scalping system and this r1 which I circle light blue just formed nicely in front of my eyes which was an older high which I have also circle in the same color to the left of the chart.
@RafaelZioni, You did some great stuff buddy. Keep it up! By the way, can it work as our pivot point standard script? The advanced version of this script will be to able to use Fibonacci or other pivot points types and it will be good if the formula for pivot points are used depending on its type (like Fibonacci using its own formula and traditional using its own formula) and it will be great if you add R2 and R3 as well. Hope you will update it as short term version of pivot point standard I mean there we can use only daily, weekly and monthly (Long term pivots) but this one of yours will be on 1min to hourly (short term pivots) which will be fantastic :)