Watch how to download trading robots for free

Find us on Telegram!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Published by:: Nikolay Kositsin
Views:: 7942
Rating:: (14)
Published:: 2011.10.21 17:01
Updated:: 2016.11.22 07:32

dailypivotshift_full.mq5 (19.09 KB) view

Download as ZIP, How to download code from MetaEditor

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Real author:

MetaQuotes

DailyPivot_Shift indicator differs from the common DailyPivot indicator, as the main levels can be calculated with day start shift. Therefore, it is possible to calculate the levels based on the local, not server time, for example, GMT-8. Also, this indicator does not consider information concerning Saturday and Sunday quotes, while generating levels on Monday.

This variant of the DailyPivot_Shift_Full indicator can be calculated for any chart bar and allows to clearly see the market behaviour relative to the indicator levels at each bar. Apparently this indicator can be most useful when analyzing a strategy in the offline mode.

This indicator was first implemented in MQL4 and published in Code Base at mql4.com 28.07.2006.

DailyPivotShift_Full indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/493

XCCI

Standard Commodity Channel Index with the standard average deviation formula and the possibility to select smoothing algorithm and dynamically changing oversold/overbought levels.

ATR Channels

ATR Channels create price movement channels considering ATR (Average True Range).

ATR ratio

The indicator of the ratio between fast Average True Range (ATR) and slow ATR.

BykovTrend

Simple indication of a newly born trend using colored arrows on a chart.

DailyPivotShift_Full - indicator for MetaTrader 5