Rounded Weekly Pivot (by ChartArt)

Trade with the trend. This is an overlay indicator which shows the weekly pivot (rounded) either as line or circle drawing, select-able by the user. The width of the pivot line (or circle) overlay is also adjustable.

In addition the bars can be colored by the trend, depending if the close price is above or below both the weekly and monthly pivots. If the close price is neither above or below both the weekly and monthly pivot prices the trend color is neutral blue.

The weekly pivot indicator with the optional setting that the pivot price is drawn as circles instead of a line:


And here with the pivot drawing disabled, showing only the pivot bar trend color