This indicator was done for a friend of mine (Waldir)

It works but I am sure someone here can improve on it. (I am sharing it anyway)

Waldir1:=LastValue(((Typical()-((2*Typical())+H-L))*-1));
Waldir2:=LastValue( ((2*Typical())-L));
Waldir3:=LastValue(Typical());
Waldir4:= LastValue(((2*Typical())-H));
Waldir5:= LastValue(((Typical()-((2*Typical())-H+L))*-1));
ValueWhen(1,Cum(1)=LastValue(Cum(1)),Waldir1);
ValueWhen(1,Cum(1)=LastValue(Cum(1)),Waldir2);
ValueWhen(1,Cum(1)=LastValue(Cum(1)),Waldir3);
ValueWhen(1,Cum(1)=LastValue(Cum(1)),Waldir4);
ValueWhen(1,Cum(1)=LastValue(Cum(1)),Waldir5);

Bulli

hey bulli.... thats neat, thanks for sharing..... i have something similar and when coded into a expert it lets you look back and see how the pivots preformed.... the s's are support and r's are resistance.... when using dots and coloring appropriately , past preformance can be seen.... and of course the expert can be applied with or without the indicator itself..... it plots daily with alerts.....h

pivot:=(H + L + C)/3;
r1:= (2 * pivot - L);
s1:= (2 * pivot - H);
r2:= (pivot - s1 + r1);
s2:= (pivot - (r1 - s1));
r3:= (2 * (pivot - L) + H);
s3:= (L - (2 * (H - pivot)));
pivot;r1;s1;r2;s2;r3;s3

Can I ask a question?

Why you just did not say

pivot:=typical();