This Fibonacci pivot point indicator is for use in the Forex markets.  R1 & R2 are 38.2% and 61.8% extensions, R3 is 100% retrace.  Included is a daily 50% retrace to is take advantage of strong market moves by identifying a possible 50% daily retrace target.  Pivots are based on previous OHLC from the previous day

It can be used on Indices (Limited trading hours/cash markets). However, EOD pivots are more effective on index trading.

//HARKO Day Trading
//www.harkoltd.com
//Includes 50% retrace level to help with market pullbacks after a strong move
//Oct 20201

defparam drawonlastbaronly = true

P = UNDEFINED
S1 = UNDEFINED
S2 = UNDEFINED
S3 = UNDEFINED
S50 = UNDEFINED
R1 = UNDEFINED
Rr2 = UNDEFINED
R50 = UNDEFINED
R3 = UNDEFINED

// Daily Fibo pivots to identify support and sesistance levels
if today[0] = date[0] then
dh = DHigh(1)
dl = DLow(1)

P = (dh + dl + DClose(1))/3
S1 = P - .382 * (dh-dl)
S2 = P - .618 * (dh-dl)
S50 = P - .5 * (dh-dl)
S3 = P -  1 * (dh-dl)
R1 = P +  .382 * (dh-dl)
Rr2 = P +  .618 * (dh-dl)
R50 = P  +.5 * (dh-dl)
R3 = P + 1 * (dh-dl)

//vertical offset to draw text correctly over horizontal lines, the offset can been change as required
Voffset = 1*pipsize

//draw pivot points text
DRAWTEXT(" Daily Pivot",barindex-2,P+Voffset,SansSerif,Bold,10)
DRAWTEXT("S1",barindex-2,S1+Voffset,SansSerif,Bold,10)
DRAWTEXT("S2",barindex-2,S2+Voffset,SansSerif,Bold,10)
DRAWTEXT("S3",barindex-2,S3+Voffset,SansSerif,Bold,10)
DRAWTEXT("50%",barindex-2,S50+Voffset,SansSerif,Bold,10)
DRAWTEXT("R1",barindex-2,R1+Voffset,SansSerif,Bold,10)
DRAWTEXT("R2",barindex-2,RR2+Voffset,SansSerif,Bold,10)
DRAWTEXT("50%",barindex-2,R50+Voffset,SansSerif,Bold,10)
DRAWTEXT("R3",barindex-2,R3+Voffset,SansSerif,Bold,10)


ENDIF
RETURN P COLOURED(45,75,240) as "Pivot", S1 COLOURED (235,5,30) as "S1", S2 COLOURED (235,5,30) as "S2",S3 COLOURED (235,5,30) as "S3",S50 as "S50", R1 COLOURED(30,235,5) as "R1", Rr2 COLOURED(30,235,5) as "R2", R3 COLOURED(30,235,5) as "R3",R50 as "R50"