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Pivot Lines

5

Description

Pivot Lines is a universal color multicurrency/multisymbol indicator of the Pivot Points levels systems. You can select one of its three versions: Standard Old, Standard New and Fibo. It plots pivot levels for financial instruments in both windows simultaneously.

The system will automatically calculate the Pivot Point on the basis of market data for the previous day (PERIOD_D1) or week (PERIOD_W1) and the system of support and resistance levels, three in each. It can also display price tags for each level.

You can color the indicator lines.

The only difference between Standard New and Standard Old version is the method of calculation of the third level of support (S3) and resistance (R3).


Inputs

  1. Currency_Name - the name of the financial instrument.
  2. Calc_Method - the Pivot Points calculation method:
    • Standard Old.
    • Standard New.
    • Fibonacci.
  3. Calc_Period - the Pivot Points calculation method:
    • Daily.
    • Weekly.
  4. Style - style of the line:
    • solid line (by default).
    • dashed line.
    • dotted line.
    • dashed and dotted line.
    • dashed and double dotted line.
  5. Width - width of the line (allowable values - 1, 2, 3, 4 and 5).
  6. Symbol_Right_Price - permission to display price tags.
  7. Bars_Number - the number of bars to be displayed in a separate window.
  8. Bars_Flag - a flag to allow display of the number of bars specified in the Bars_Number parameter:
    1. true - according to Bars_Number.
    2. false - maximum available bars in the history.
  9. Bulls_Color - the color of the bullish candlestick.
  10. Bears_Color - the color of the bearish candlestick.
  11. Bid_Line_Color - color of the Bid line.


Purpose

The indicator can be used for manual or automated trading in an Expert Advisor. Values of indicator buffers of the double type can be used for automated trading:

  1. Main Window:
    • Pivot Point - buffer 0.
    • Support level 1 - buffer 1.
    • Support level 2 - buffer 2.
    • Support level 3 - buffer 3.
    • Resistance level 1 - buffer 4.
    • Resistance level 2 - buffer 5.
    • Resistance level 3 - buffer 6.
  2. Separate Window:
    • Pivot Point - buffer 8.
    • Support level 1 - buffer 9.
    • Support level 2 - buffer 10.
    • Support level 3 - buffer 11.
    • Resistance level 1 - buffer 12.
    • Resistance level 2 - buffer 13.
    • Resistance level 3 - buffer 14.

Depending on the timeframe of the chart, on which the indicator is used, values of the indicator buffers towards the depth of the history should be requested with a shift relative to the zero bar and the same step on the following principle:

  1. Calc_Period - Daily:
    • PERIOD_M1: the shift and the step = 1 440.
    • PERIOD_M5: the shift and the step = 288.
    • PERIOD_M15: the shift and the step = 96.
    • PERIOD_M30: the shift and the step = 48.
    • PERIOD_H1: the shift and the step = 24.
    • PERIOD_H4: the shift and the step = 6.
    • PERIOD_D1: the shift and the step = 1.
  2. Calc_Period - Weekly:
    • PERIOD_M1: the shift and the step = 7 200.
    • PERIOD_M5: the shift and the step = 1 440.
    • PERIOD_M15: the shift and the step = 480.
    • PERIOD_M30: the shift and the step = 240.
    • PERIOD_H1: the shift and the step = 120.
    • PERIOD_H4: the shift and the step = 30.
    • PERIOD_D1: the shift and the step = 5.
    • PERIOD_W1: the shift and the step = 1.


Limitations

Chart for each financial instrument cannot be displayed in a separate window more than twice. Otherwise, you receive an error message related to its re-use and will be offered to select another financial instrument.


Recommendations

It is recommended to use the indicator with Bars_Number parameter not exceeding the number of bars that can be shown in one window (about 250 bars).


Notes

In case of loss of connection with the trading server, when connection is restored and data is downloaded, the chart will be redrawn from the beginning to the number of bars specified by Bars_Number and Bars_Flag.

Bewertungen 1
pnutfx503
1522
pnutfx503 2017.04.27 07:36 
 

Great service everyone shoud be using pivots

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Utilitys
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Utilitys
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Utilitys
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Utilitys
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Utilitys
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3.5 (4)
Utilitys
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4.73 (11)
Utilitys
The Expert Advisor will help you forward all pop-up alert with screenshot from  MetaTrader 4 to Telegram channel/ group, also forward all notifications to Telegram. Parameters  -  Telegram Bot Token - create bot on Telegram and get token.  -  Telegram Chat ID  - input your Telegram user ID,  group / channel ID  -  Forward Alert - default true, to forward alert.  -  Send message as caption of Screenshot - default false, set true to send message below Screenshot  How to setup and guide  - Telegram
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5 (5)
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MACD Divergence Scanner is a multi-timeframe and multi-symbol dashboard and alert that checks all timeframes and symbols to find regular and hidden divergences between price chart and MACD indicator. This divergence scanner is integrated with support and resistance zones so you can check the MACD divergences in the most important areas of the chart to find trend reversals in the price chart. Download demo version   (works on M 1,M5,M30,W1   timeframes) Full description of scanner parameters ->  
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5 (24)
Utilitys
Dieses Produkt filtert alle Expert Advisors und manuelle Charts während der Nachrichtenzeit, sodass Sie sich keine Sorgen um plötzliche Preisschwankungen machen müssen, die Ihre manuellen Handels-Setups oder Trades, die von anderen Expert Advisors eingegeben wurden, zerstören könnten. Dieses Produkt wird auch mit einem vollständigen Order-Management-System geliefert, das Ihre offenen Positionen und ausstehenden Aufträge vor der Veröffentlichung von Nachrichten bearbeiten kann. Sobald Sie The New
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5 (1)
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ADAM EA Special Version for FTMO  Our 1st EA created using ChatGPT technology Trade only GOOD and checked PROP FIRMS  Default parameters for Challenge $100,000 Tested on EURUSD and GBPUSD only  Use 15MIN Time Frame Close all deals and Auto-trading  before Weekend at 12:00 GMT+3  Friday For Prop Firms MUST use special Protector  https://www.mql5.com/en/market/product/94887 ---------------------------------------------------------------------------------------------------------------------------
Price Action Toolkit
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4.6 (5)
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Das Price Action Toolkit EA ist in erster Linie für Scalper konzipiert, kann aber in allen Zeitrahmen verwendet werden, um schnell in den Markt mit korrekt berechneter Losgröße auf der Grundlage Ihres Stop-Levels einzutreten. Es ermöglicht Ihnen den schnellen Einstieg in Trades (sofort oder bei Kerzenhochs und -tiefs mit Pending Orders) und dann Stops anpassen und Gewinne mitnehmen, wenn sich der Markt bewegt. Für eine vollständige Liste aller Funktionen, Einstellungen und Best-Practice-Strat
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Kaijun Wang
5 (12)
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Description A colored universal multicurrency/multi-symbol indicator ZigZag to be drawn in a separate window below the main financial instrument. The indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrument is unknown (does not exist).  The indicator can
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Description A colored channel indicator Price Channel to be drawn on the main chart of a financial symbol. It can color bullish and bearish moods based on the middle line of the indicator, as well as change the color of the upper and lower lines of the channel. Purpose The indicator can be used for manual or automated trading in an Expert Advisor. Values of indicator buffer of the double type can be used for automated trading:  The middle line of the indicator - buffer 4. The upper line of the
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Igor Semyonov
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Description Candlesticks is a colored multicurrency/multy-symbol indicator. It shows a financial instrument as a candlestick chart in a separate window below the chart of the main financial symbo. The indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrume
Candlestick Tools
Igor Semyonov
Indikatoren
Description Candlestick Tools  is a colored multicurrency/multy-symbol indicator. It shows one of four standard indicators as a candlestick chart in a separate window below the chart of the main financial symbol. The indicator is calculated based on one of two indicators included in the standard package of the МetaТrader 4 terminal: CCI - Commodity Channel Index. RSI - Relative Strength Index. The default indicator is Commodity Channel Index. The indicator may be used with any broker, irrespecti
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Igor Semyonov
Indikatoren
Description Pivot Pro  is a universal color indicator of the  Pivot Points  levels systems. You can select one of its three versions:  Standard   Old , Standard New  and  Fibo . The system will automatically calculate the  Pivot Point  on the basis of market data for the previous day ( PERIOD_D1 ) and the system of support and resistance levels, three in each. It can also display price tags for each level. You can color the indicator lines. Only a method of calculation of the third level of supp
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Igor Semyonov
Indikatoren
Description The indicator is intended for labeling the chart using horizontal levels and/or half-round prices. The indicator works on any financial instrument regardless of the name and the number of digits. A user can choose colors for the indicator lines. Input Parameters Calc_Method - method of calculation of the lines: levels of round prices. levels of half-round prices. Digits_Accepted - flag for calculating the levels according to number of decimal places in the quotes of a financial ins
MACD Line Smart
Igor Semyonov
Indikatoren
Description A colored universal multicurrency/multi-symbol indicator MACD Line Smart (the indicator moving average convergence divergence is displayed as a histogram) based on double or triple moving average .  Comparing to the standard MACD this indicator is more sensitive to what allows generating advance signals. he indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a
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pnutfx503
1522
pnutfx503 2017.04.27 07:36 
 

Great service everyone shoud be using pivots

Antwort auf eine Rezension
Version 1.31 2020.04.01
Updating
Version 1.30 2017.03.30
The indicator algorithm is brought into compliance with the requirements of the latest MQL4 language version as of the current publication date.