This helps in monitoring the support and resistance of the current day and plan for tomorrow's support and resistance. The formula for creating the indicator is as below.
Pivot Point (P) = (High + Low + Close)/3
Support 1 (S1) = (P x 2) - High
Support 2 (S2) = P - (High - Low)
Resistance 1 (R1) = (P x 2) - Low
Resistance 2 (R2) = P + (High - Low)
Floor Pivots are one of the classic pivot ranges and helps us in trading based on pivot values. This indicator that I have built is also capable of predicting tomorrow's support and resistance up to 3 levels i.e. R1, R2, R3 and S1, S2 and S3. This is the only indicator available in trading view which does the same. Thats the only reason of making a separate indicator.
In this indicator we have also added some symbols to identify the reversal patterns based on candle. This is best if used in 15 min candle. This plots engulfing pattern, shooting star, hammer and bullish and bearish reversals.
Please use it and provide feedback for changes. If i would change anything it would be available automatically anyway.
I have not added Fibonacci Pivots as its generally available in many sites out of box. How ever if you want to code you can use the below formula.
Pivot Point (P) = (High + Low + Close)/3
Support 1 (S1) = P - {.382 * (High - Low)}
Support 2 (S2) = P - {.618 * (High - Low)}
Support 3 (S3) = P - {1 * (High - Low)}
Resistance 1 (R1) = P + {.382 * (High - Low)}
Resistance 2 (R2) = P + {.618 * (High - Low)}
Resistance 3 (R3) = P + {1 * (High - Low)}