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Mt5 Classic PivotPoints

The Classic Pivot Points indicator is fully configurable and can be adjusted to work in different ways. If you are a manual trader and prefer a clean chart, you can configure the indicator so that it only draws pivot points for the current session. Otherwise if you are developing an expert advisor that uses pivot points, you can configure the indicator to show historical pivot points as well.

Another unique feature of this indicator is that, when calculating daily pivots, it is possible to set a custom start time for the day. Instead of calculating pivots using the usual 00:00 to 23:59 time period, you can set a custom start time for the day. For example if you choose a start time of 17:00 the indicator will calculate the pivots by regarding the bar at 17:00 as the open time of the daily session and bar at 16:59 (the next day) as the closing bar of the day.

It is also possible to choose whether to display historical pivot point values in the data window.


Indicator input parameters:

  • SetTimeFrame - sets the time frame from which the pivot points will be calculated.
  • ShowValuesInDataWindow - either set to true or false, this parameter sets whether to show the pivot values in the data window.
  • ShowMedians - (true/false) the parameter only has effect when the ShowHistoricalIndicatorValuesOnChart parameter is set to FALSE, if set to true, the median lines between the pivot, resistance and support values will be drawn.
  • UseCustomStartTime - (true/false) please note that this feature only works when SetTimeFrame is set to the daily time frame.
  • StartTime - input the custom start time in the format shown i.e, hh:mm, of course this parameter has effect only if the UseCustomStartTime value is set to true.
  • ShowHistoricalIndicatorValuesOnChart - (YES/NO) this parameter is for choosing whether to draw historical pivot values on the chart. In order to display pivots for the current session only set this value to NO.
  • pcolor - set color for pivot point.
  • scolor - set color for all support levels.
  • rcolor - set color for all resistance levels.
  • medianscolor - set color for all median values.

NB. Note that when setting the StartTime value, it must correspond with the open time of any bar on the current chart. For example, you cannot set a StartTime of 17:30 if the indicator is applied to the Hourly chart, as there is no bar that opens at that time on this chart.

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This indicator belongs to the family of channel indicators. These channel indicator was created based on the principle that the market will always trade in a swinging like pattern. The swinging like pattern is caused by the existence of both the bulls and bears in a market. This causes a market to trade in a dynamic channel. it is designed to help the buyer to identify the levels at which the bulls are buying and the bear are selling. The bulls are buying when the Market is cheap and the bears a
The indicator is designed to close positions on the market in time. For example: to take profits ahead of schedule if the price has not reached TakeProfit, and the market is turning around. The indicator analyzes the momentum, not the trend. He does not give any information about the trend. The indicator is well suited for finding divergence. The Ershov 38 Parrots indicator dynamically adjusts to the market and detects price movement impulses of medium and high amplitude. It almost does not rea
FxaccurateLS
Shiv Raj Kumawat
WHY IS OUR FXACCCURATE LS MT5 THE PROFITABLE ? PROTECT YOUR CAPITAL WITH RISK MANAGEMENT Gives entry, stop and target levels from time to time. It finds Trading opportunities by analyzing what the price is doing during established trends. POWERFUL INDICATOR FOR A RELIABLE STRATEGIES We have made these indicators with a lot of years of hard work. It is made at a very advanced level. Established trends provide dozens of trading opportunities, but most trend indicators completely ignore them!
Royal Scalping Indicator M5
Vahidreza Heidar Gholami
5 (6)
Royal Scalping Indicator is an advanced price adaptive indicator designed to generate high-quality trading signals. Built-in multi-timeframe and multi-currency capabilities make it even more powerful to have configurations based on different symbols and timeframes. This indicator is perfect for scalp trades as well as swing trades. Royal Scalping is not just an indicator, but a trading strategy itself. Features Price Adaptive Trend Detector Algorithm Multi-Timeframe and Multi-Currency Trend Low
"The Squeeze indicator attempts to identify periods of consolidation in a market. In general the market is either in a period of quiet consolidation or vertical price discovery. By identifying these calm periods, we have a better opportunity of getting into trades with the potential for larger moves. Once a market enters into a "squeeze," we watch the overall market momentum to help forecast the market direction and await a release of market energy." The Modified TTM Squeeze Indicator is a modi
The Price Action Finder Multi indicator is an indicator of entry points that searches for and displays Price Action system patterns on dozens of trading instruments and on all standard time frames: (m1, m5, m15, m30, H1, H4, D1, Wk, Mn). The indicator places the found patterns in a table at the bottom of the screen. By clicking on the pattern names in the table, you can move to the chart where this pattern is located. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Pa
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2709
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Antwort auf eine Rezension
Version 1.5 2020.07.17
Added input parameter LookBack which controls the number of bars the indicator will be displayed on. The default value is 500 bars. If zero or a negative number is input then the indicator will default to 500 or a more appropriate number if the chart has less than 500 bars. The introduction of this parameter also helps to speed up initialization of the indicator.

Also addressed in this update is the correction of a bug relating to indicator display after restarting the terminal with the indicator already loaded.
Version 1.3 2017.08.31
The indicator will not delete other horizontal objects when it is removed from the chart.
Version 1.1 2015.06.05
Bug fix.